Sports Direct investors rebel against Mike Ashley

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Sports Direct stockholders have cross-file unhappiness with founder Mike Ashley, electing in large numbers against his re-election as director.

Mr Ashley owns 62% of the company, so was overwhelmingly backed to continue in the capacity as expected.

However, nearly a quarter of independent stockholders therefore voted against his re-election.

Sports Direct is under pressure to appoint a brand-new investigator, but stockholders were told no decision had been made.

Mr Ashley has been criticized by a spend spree which has construed Athletics Direct buy countless struggling retailers. His retail empire includes massive swathes of the High Street.