End to long-running dispute
Ashley’s Sports Direct withdraws King claim
The company’s legal representatives yesterday told the High Court in London that the company would no longer pursue action against the Ibrox chief over an alleged breach of a gagging order .
The sportswear firm’s majority shareholder Mike Ashley had tried to have Mr King jailed for contempt of court after he was accused of giving details of a merchandising agreement between the company and Rangers to a Sky news reporter.
In written judgement last month, Mr Justice Peter Smith said he was “completely unpersuaded” that the Rangers chairman was speaking on behalf of the club in what was seen as a personal interview at his home in South Africa.
The judge sanctioned the termination of the case. Sports Direct has agreed to pay an estimated legal bill of £400 000.