Sports Direct founder Mike Ashley faces shareholder rebellion

Mike Ashley Sports Direct
Mike Ashley

Mike Ashley faces a shareholder rebellion after the advisory firm Institutional Shareholder Services joined calls for Sports Direct investors to vote against his continuing as a director amid “significant operational and governance concerns” at the retail group.

ISS said Sports Direct’s acquisition of House of Fraser had “led to concerns about the company’s viability as a whole”. It also raised concerns about financial deals with Ashley’s brother and his daughter’s partner, Michael Murray, who received payments of more than £5m in the past year.

Read the full article on The Guardian.