Search

Tottenham director says bank gave him negligent advice over £65million investment

19:29 06 December 2012

Sir Keith Mills. File picture: Dominic Lipinski/PA

Sir Keith Mills. File picture: Dominic Lipinski/PA

A director of Tottenham Hotspur says one of the UK’s most famous banks gave him negligent investment advice and is claiming millions in damages.

Businessman Sir Keith Mills, who was also a leading member of the body which staged the London 2012 Games, says he lost out after asking Coutts to advise him on investing £65million five years ago.

A judge today began hearing argument from lawyers representing both sides at a High Court hearing in London.

Sir Keith, who is a non-executive director of Tottenham and was deputy chairman of the London Organising Committee of the Olympic and Paralympic Games (LOCOG), says if he had been “properly advised” he would have chosen “less risky” investment options.

He is asking Mrs Justice Asplin to assess damages at a hearing expected to last several days.

Simon Salzedo QC, for Sir Keith, today told the judge that Coutts had admitted acting “negligently” but damages had not been agreed.

A Coutts spokeswoman said outside court: “We have taken the decision not to dispute the advice provided to Sir Keith Mills in relation to this product.

“However, while we regret that a client matter has ended up in court, we have been unable to agree to Sir Keith Mills’ claim as to the actual loss that he suffered in relation to this product.”

Latest Hampstead & Highgate News Stories

Yesterday, 18:29
The crimescene at Greenland Street  was cordoned off by police  picture: Dominic Lipinski/PA Wire

A murder victim who was stabbed in Camden High Street on Sunday morning has been named by police as Romeo Nkansah.

Yesterday, 10:38
The handgun was found  in Eton Avenue, Belsize Park

Police are investigating after a handgun was found dumped in Eton Avenue in Belsize Park near several primary schools.

Yesterday, 10:29
Muswell Hill library could be moved

Controversial plans to move Muswell Hill library out of its current site have been put in front of the public.

Sunday, May 29, 2016
The Hall school  triathlon team

A team of 40 mothers and staff from The Hall School, in Hampstead, are running the Blenheim Triathlon on June 4 to raise money for a Swiss Cottage youth project.

Sunday, May 29, 2016
Police at the scene or the murder in Camden Town   Dominic Lipinski/PA Wire

A murder investigation has been launched after a man in his 30s died after being stabbed on Camden High Street in the early hours this morning.

Sunday, May 29, 2016
Chris Roche wants Muswell Hill Library to stay put. Photo: Polly Hancock

A renowned architect fears the historic library will be moved to the site of the former Green Man pub, rather than adapted for greater disability access

Friday, May 27, 2016
Nurul Islam celebrates at his Belsize Park kiosk with customers and Ham&High reporter Emily Banks, right.       Picture: Polly Hancock

The vendor who runs the Belsize Park newspaper kiosk today thanked his customers for pressuring Camden Council into doing a u-turn over the rent hike which threatened his business.

Friday, May 27, 2016
Gabriella with mum Nazanin on her first birthday

A distraught father whose daughter faces her second birthday detained in Iran without her parents has urged children around the world to send her a birthday card.

PROMOTED CONTENT

There are no rules when it comes to buying studio pottery beyond choosing what you love

With The Great Pottery Throwdown captivating viewers across the nation, pottery courses at capacity, and hipsters snapping up vintage studio pieces to display their succulents in and post on Instagram, studio pottery and ceramics are definitely having a moment.

Education and Training

cover

Read the
Education and Training
e-edition today

Read Now

Newsletter Sign Up

Most read Hampstead & Highgate news

HOT JOBS

Show Job Lists

Property Newsletter Sign-up

Get the latest North London property news and features straight to your inbox with our regular newsletter

I am also happy to receive other emails...
Fields marked with a * are mandatory
Email Marketing by e-shot

Competitions

Win a BMW 1 series

There are fewer cars currently on the market more stylish and exciting than the BMW. Known all over the world as one of the best car manufacturers, the BMW is renowned for sleek designs and fantastic high quality workmanship.

Kindle 7 inch tablet

Are you looking for a brand new gadget to help you stay connected on the go and make that long journey home a bit more entertaining? Look no further. MyOffers is giving you the chance to win 1 of 50 Kindle Fire 7” Display Tablets! That’s 50 times more chances to win, so hurry up and enter our competition today and you could be one of our lucky winners!

Digital Edition

cover

Enjoy the
Hampstead & Highgate Express
e-edition today

Subscribe