Your browser is no longer supported. For the best experience of this website, please upgrade to a newer version or another browser.

Your browser appears to have cookies disabled. For the best experience of this website, please enable cookies in your browser

We'll assume we have your consent to use cookies, for example so you won't need to log in each time you visit our site.
Learn more

Sports Direct’s Findel boardroom coup attempt fails

Sports Direct has failed to appoint a director on the board of home shopping business Findel, owner of football strip retailer Kitbag, after 81% of shareholders voted against the motion.

Mike Ashley-owned Sports Direct, which acquired an 18.9% share of Findel on September 19, proposed to appoint Benjamin Gardener to its board at a general meeting held today (December 21). But only 19.11% of shareholders voted in favour.

Gardener, who is managing director of intellectual property protection company International Brand Solutions, has worked for and with Sports Direct in various guises since 2004, including a four-year stint as global head of brands.

Earlier this month, Findel’s board unanimously recommended that shareholders vote against the resolution to appoint him as a non-executive director.

Shareholders Toscafund, Schroders and River & Mercantile, who have a combined 43.9% stake in Findel, agreed to vote against.

Have your say

You must sign in to make a comment

Please remember that the submission of any material is governed by our Terms and Conditions and by submitting material you confirm your agreement to these Terms and Conditions. Links may be included in your comments but HTML is not permitted.