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Legal papers fly over Ibrox feud

Ashley turns screw on King in row over Sports Direct deal

Dave King 2Sports Direct tycoon Mike Ashley is understood to be seeking legal action against Rangers chairman Dave King after accusing him of breaching a gagging order.

His lawyers are claiming that by speaking to Sky Sports in July Mr King breached an ­injunction forbidding him speaking about an agreement between the club and the retailer.

 

The bitter feud between the two intensified last week when Mr King issued a statement saying the club would not give in to threats from Mr Ashley.

Mr King wants to renegotiate terms which give Sports Direct 75% of the club’s merchandising profits, but 9% shareholder Mr Ashley, who also owns Newcastle United, is refusing to back down.

In June Mr Ashley called an emergency general meeting to demand repayment of a £5 million loan issued to the Rangers board which was ousted by Mr King’s consortium in March.

Mr King refused to pay and the dispute worsened when Mr Ashley took out an injunction to stop Mr King revealing the contents of the agreements struck between former Rangers chief executive Charles Green and Sports Direct following the club’s liquidation meltdown.

 

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