Call us today0800 160 1298
 
 

Advantage Litigation

Welcome to Advantage Litigation Services. We provide affordable access to commercial litigation.

  • Home
    Home This is where you can find all the blog posts throughout the site.
  • Categories
    Categories Displays a list of categories from this blog.
  • Tags
    Tags Displays a list of tags that have been used in the blog.
  • Bloggers
    Bloggers Search for your favorite blogger from this site.
  • Team Blogs
    Team Blogs Find your favorite team blogs here.
  • Login
    Login Login form

Contracts, Business and Alcohol – not always good mix

Posted by on in Advantage Litigation News
  • Font size: Larger Smaller
  • Hits: 439
  • Subscribe to this entry
  • Print

Contracts, Business and Alcohol – not always a good mix

Mike Ashley, Sports Direct boss and owner of Newcastle United football club, emerged victorious from a recent £15m High Court case over an alleged deal made in a pub.

Investment banker Jeffrey Blue claimed that he and Ashley had agreed a verbal contract which would see Blue be entitled to a bonus based on the share price performance of retail giant Sports Direct.  Whilst Ashley admitted to making the offer, the very nature of the meeting, its setting (in a Pub) and the large amount of alcohol consumed, meant that it was quite clear that he wasn’t being serious.

Judge Justice Leggatt, ruling in Mr Ashley's favour, said:

"No reasonable person present... would have thought that the offer to pay Mr Blue £15m was serious and was intended to create a contract. They all thought it was a joke. The fact that Mr Blue has since convinced himself that the offer was a serious one, and that a legally binding agreement was made, shows only that the human capacity for wishful thinking knows few bounds."

Justice Leggatt also added that Mr Blue would have to pick up Mr Ashley's legal bill of £1.5m, in addition to his own costs.

If you or your business is involved in a commercial dispute, to see how we can help you, click here to contact us today or call 0800 160 1298

Get in touch

  1. Your Name(*)
    Please let us know your name.
  2. Your Email(*)
    Please let us know your email address.
  3. Company Name(*)
    Please write a subject for your message.
  4. Your Phone Number
    Invalid Input
  5. Message(*)
    Please let us know your message.
  6. Anti-Spam, please enter the characters shown
    Anti-Spam, please enter the characters shown
    Invalid Input

Latest News

  • A recent decision by the European court of justice (ECJ) in Luxembourg means that the four finger Kit Kat chocolate and biscuit bar is set to lose its protected trademark status, opening up the likelihood of ‘copy-cat Kit Kat’s’ from rival manufacturers. The ECJ’s advocate general advised judges to throw out manufacturer Nestle’s appeal, and whilst the advocate generals advice is not binding, it’s very likely that it will be followed. The appeal failed on the basis that for EU trademark protection to apply, the item in question must be distinctively recognisable across all EU states. Although Nestle provided evidence that the four finger Kit Kat was significantly recognisable in the UK, France, Germany, Spain, Italy, Denmark, The Netherlands, Austria, Finland and Sweden, this was not enough to maintain the protection. Nestle revealed during the appeal that between 1996 and 2007, it... Read More

  • In what has been described as one of the largest contract update and re-drafting exercises in history, legal services provider Axiom is now able to provide an AI (artificial intelligence) based process designed specifically to help companies update over 7.5 million financial services agreements and contracts in the run-up to Brexit. Read More

  • Andrew McCabe, the former FBI Deputy Director whose employment contract was recently terminated by USA’s Trump administration has managed to raise over $300,000 (over £200,000) to cover legal defence costs via the crowdfunding platform ‘GoFundMe’. Read More