JJB Sports executive chairman Sir David Jones has tried to end hostilities with sportswear rival Mike Ashley this weekend by saying he hopes the pair could “have a few drinks” in the future.
On Friday, Jones repaid a £1.5m personal loan he had received from Ashley in 2007, but which only came to light last week, causing controversy. Some analysts were concerned the agreement presented a potential conflict of interest amid differing versions of the timing of the loan.”Life is too short to fall out,” said Jones of the embarrassing affair, which had escalated to an exchange of letters between the companies’ respective lawyers.
Asked if he thought repaying the loan would resolve the matter he said: “I hope so. I’ve got one job to do and that is to get JJB back on track. Mike Ashley is a successful businessman and I hope we can have a few drinks together in the future.”
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