Sports Direct Chairman Faces New Vote as Re-Election Opposed

  • Shares fall 11% in London trading, extending annual decline
  • Founder Mike Ashley has no intention of taking company private

A Sports Direct.com logo sits on display outside a store operated by Sports Direct International Plc in London.

Photographer: Matthew Lloyd/Bloomberg

Sports Direct International Plc Chairman Keith Hellawell faces another investor vote over his position after a majority of the U.K. retailer’s independent shareholders opposed his re-election following a tense annual meeting.

To continue reading this article you must be a Bloomberg Professional Service Subscriber.