Court rejects Mike Ashley’s bid to have Rangers chairman Dave King jailed

The Sports Direct owner Mike Ashley has failed in his High Court bid to have the Rangers chairman Dave King jailed for breaching a gagging order.

Mr Ashley’s company launched legal action against the Ibrox club and its chairman over an alleged breach of an injunction.

Mr King was accused of breaking undertakings by giving a media interview in which he revealed the existence and contents of meetings related to…