By Harriet Arkell PUBLISHED: 12:36 EST, 15 November 2013 | UPDATED: 12:48 EST, 15 November 2013 Top Shop boss Sir Philip Green told the High Court today how he lent his fallen tycoon friend Scot Young £80,000 to help with the purchase and rent on his former family home. The 61-year-old billionaire said in a witness statement: 'Scot explained his financial position to me and explained the problems he was having and asked me if I could help which I agreed to do.' Mr Young, 51, and his estranged wife Michelle, 49, are fighting over money at a trial in the Family Division of the High Court in London.
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Retail billionaire Green told the High Court his friend had money problems
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Scot Young, 51, and estranged wife Michelle, 49, are fighting over money
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Mrs Young says he is worth 'a few billion' and is demanding £300million
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She will not divorce him until he pays her what she says she is owed
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Mr Young, who wants to marry younger woman, says he is now penniless
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Richard Caring, who owns the Ivy, told court he also lent Mr Young £50,000
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Mrs Young was granted a divorce in February on the grounds of Mr @placeholder's unreasonable behaviour but will not agree to the divorce being made absolute, allowing Mr Young to marry the younger woman, until the financial arrangements are sorted out to her satisfaction.