JJB Sports claims Mike Ashley's tale of events on controversial loan is false

<div>TROUBLED&nbsp;JJB Sports yesterday claimed that Sports Direct owner Mike Ashley&rsquo;s version of events regarding a loan payment to Sir David Jones were &ldquo;false.&rdquo;<br /><br />In an escalating row between the two sportswear retailers, Ashley&rsquo;s team of lawyers, Mishcon de Reya, were yesterday understood to be working flat-out on a denial of JJB Sports&rsquo;s statement to the stock exchange regarding a &pound;1.5m loan from Ashley to Jones.<br /><br />JJB has argued that the agreement &ldquo;was initiated before Sir David joined the company as a non-executive director, has not given and does not give rise to any conflict of interest.&rdquo;<br /><br />But Ashley is set to argue that Chris Ronnie, then chief executive of JJB, asked him for a &pound;1.5m loan on behalf of Jones three days after he joined the Board.<br /><br />A source close to Ashley said: &ldquo;He is obviously going to vent when comments made about him are inaccurate.&rdquo;<br /><br />But, yesterday, a spokesperson for JJB Sports, said: &ldquo;The company has come out with the facts, and any suggestions to the contrary are false.&rdquo;</div>