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Rangers chairman cleared by high court

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Rangers chairman Dave King has been formally cleared by the High Court of committing contempt of court.

Mr Justice Peter Smith gave his written ruling on Friday in response to allegations that Mr King had committed contempt in an alleged breach of a gagging order over his dealings with Sports Direct owner Mike Ashley.

Earlier that month, Newcastle United owner Ashley,failed in his bid to persuade the court King should be jailed over the issue.

Mr King faced the possibility of a fine or penalties if found guilty.

Mr Ashley and his sportswear company had claimed the Rangers chairman was is in contempt because he gave a media interview revealing the existence of a meeting and discussions related to contracts between Sports Direct and Rangers.

But Mr King stated that he had no recollection of whether or not he said the words complained of in a Sky Sports interview.

The London legal battles, estimated to have cost some £400,000 so far, are the latest development in a conflict which started when Mr King took over running Rangers and centres on the commercial arrangements between the club and Sports Direct and its subsidiaries.

A trial on whether King breached the terms of the injunction is due to call in London on February 8.