IN the oddest move in showbiz since JOEY BARTON palled up with MORRISSEY, ASHLEY COLE is branching out into charity work - with JAY-Z.
The pair are setting up a restaurant/nightclub which will employ unemployed young people and donate some profits to good causes.
But anyone suddenly itching for a hamburger and Coke followed by a WKD on the dance floor should tuck their tongues away. The fellas are planning an ultra-posh eatery and have already created a shortlist of top chefs to work there.
They are looking at pricey properties in London's Pall Mall area for the venue, which will be called 40/40 - the same as Jay's US chain of nightclubs. The Chelsea defender picked the right person to go into business with - the hip-hop mogul already owns successful clubs in five American cities.
He also has a multi-million pound clothing line called Rocawear, part-owns the New Jersey Nets basketball team and has invested heavily in a line of beauty products.
Ashley has been doing his fair share too - the England player put in a good stint researching nightclubs while out in LA recently.
Not all of the hard-earned pennies will go into the lads' bulging coffers though. Each month a percentage of the profits will go to different charities.
Ashley is also keen to put money into backing young film-makers in London.
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