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Sports Direct CEO claims investors have 'stabbed him in the back'

Friday, 14th September 2018
Sports Direct International chief executive Mike Ashley has let rip on investors, claiming they had 'stabbed him in the back' by 'repeatedly hounding' chairman Keith Hellawell.

In an unusual stock market filing, Ashley claimed the company's shareholders had ignored the company's good performance and appeared to be unduly affected by the media.

'It is blatantly apparent that true entrepreneurs will never be accepted in the public arena,' Ashley said.

'The media circus surrounding Sports Direct, including but not restricted to matters connected to our AGM, only proves that whatever progress Sports Direct makes, it will always be subject to disproportionate scrutiny and misrepresentation.'

'In light of the above, and despite the substantial progress made over the last few years, the shareholders have now made it extremely challenging for future engagement to take place.'

'On the one hand they are delighted with our performance and progress, yet with the other hand they have stabbed Sports Direct and myself in the back by repeatedly hounding Keith Hellawell.'

'The people within the Sports Direct group, including House of Fraser, are and will continue to be my number one priority.'


At 1:53pm: (LON:SPD) Sports Direct International PLC share price was +3.45p at 352.65p



Story provided by StockMarketWire.com

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