90.99% Sports Direct shareholders favour Mike Ashley’s re-election

825
Mike Ashley Sports Direct AGM shareholders
Mike Ashley owns around 62% of Sports Direct
// 90.99 per cent of Sports Direct shareholders voted in favour of founder Mike Ashley’s re-election
// In the last 15 months, Ashley has taken over a number of retailers
// Sports Direct is currently pleading with the Big 4 accountants to pitch for the retail group’s audit contract

A majority of Sports Direct’s shareholders have voted in favour of founder Mike Ashley’s re-election as a director of the company.

The group said that 90.99 per cent of votes cast at the AGM on Wednesday were for his continued directorship, while a mere nine per cent of shareholders voted against.

Ashley owns around 62 per cent of Sports Direct.

In the last 15 months, Ashley has taken over a number of retailers including House of Fraser, Evans Cycles, Game Digital, Sofa.com and, most recently, Jack Wills.

“We remain totally focused on delivering our elevated proposition which following the AGM continues to be supported by the investor community,” A Sports Direct spokesperson told Sky News following the AGM.

“We are already seeing some exciting milestones with the acquisition of Jack Wills, the opening of the new Flannels flagship store in London and plans for Frasers now in motion.

“We are building a young and dynamic executive team to assist in this transition but making sure we retain the core values in the existing business that have allowed the business to prosper over the years.”

Sky News reported ahead of the AGM that Sports Direct is pleading with the Big 4 accountants to pitch for the retail group’s audit contract.

The retailer asked the profession’s dominant firms – Deloitte, EY, KPMG and PWC.

Click here to sign up to Retail Gazette‘s free daily email newsletter