Ashley considers legal challenge over Debenhams rescue plan

Mike Ashley

Sports Direct owner Mike Ashley is examining the possibility of launching legal action against Debenhams, after its controversial company voluntary arrangement was approved earlier this month.

A source close to Sports Direct said the company is currently speaking to a number of third parties, including landlords, about launching a possible joint legal challenge to the CVA, according to City AM.

Ashley saw his near-30% stake in Debenhams completely wiped out, which cost him and his Sports Direct group at least £150m.

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