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Ashley hits back at Jones' loan claims

The bitter row between Sports Direct&rsquo;s Mike Ashley and JJB Sport&rsquo;s executive chairman Sir David Jones intensified yesterday after Ashley released a contract showing that the &pound;1.5m personal loan was paid after Jones joined JJB&rsquo;s board, contradicting&nbsp; a former statement by the group.<br /><br />The loan agreement, a copy of which has been seen by City A.M., is dated 24 February 2009&nbsp; and states that the loan was paid into Jones&rsquo; HSBC account on 25 October 2007, 22 days after Jones joined the board of JJB on 3 October that year. <br /><br />JJB Sports maintains its claims that the loan was &ldquo;initiated before&nbsp; Sir David joined the company as a non-executive director&rdquo; and &ldquo;does not give rise to any conflict of interest&rdquo;.<br /><br />Ashley is now believed to be readying to hand the document to the FSA.