Sports Direct issues legal threat to remove Debenhams administrators

Lawyer’s letter says adviser FTI Consulting is conflicted and should be removed The Sports Direct boss Mike Ashley has threatened legal action to remove Debenhams’ administrators after his stake in the department store group was wiped out and the company put into the hands of its lenders.Debenhams’ listed holding company entered pre-pack administration on Tuesday, rendering shareholders’ investments, including Sports Direct’s near-30% stake, worthless. Continue read