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Sports Direct shareholders approve Mike Ashley directorship

Shareholders in Mike Ashley's Sports Direct International retail empire have voted overwhelmingly in favour of his re-election as a director of the company.

The company said that 90.99% of votes cast at the annual general meeting (AGM) on Wednesday were for his continued directorship, while 9% of shareholders voted against.

Also at the AGM 99.8% of votes were cast in favour of approving the company's audited accounts for the year.

Mr Ashley owns around 62% of the high street giant.

In the last 15 months, Mr Ashley has presided over Sport Direct's own high street shopping spree, in which it has taken over a number of retail chains including House of Fraser, Evans Cycles, Game Digital, Sofa.com and, most recently, Jack Wills.

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Sky News reported on Monday of Mr Ashley's intention to buy struggling jewellery chain Links of London, and is currently one of two final bidders for the company.

Sports Direct is currently appealing with the 'big four' accountants to pitch for the retail group's audit contract, after warning that a smaller firm would be unable to perform the role.

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The retail group has in the last fortnight asked the profession's dominant firms – Deloitte, EY, KPMG and PriceWaterhouseCooper (PwC) – to hold fresh talks, with the hope that one of them will take on the contract.

Following the AGM, a Sports Direct spokesperson said: "We remain totally Read More – Source

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