Jjb Tries to Brazen Out Chairman's Loan Furore

Summary


SERIOUS questions remain hanging over JJB Sports and its executive chairman Sir David Jones today after the retailer finally admitted he had taken a loan from the firm's arch rival Mike Ashley but refused to see anything wrong in the arrangement.

JJB attempted to brazen out the furore yesterday by refusing to make any comment over the affair which broke at the weekend. However, after a 23% slump in the share price by the close of play last evening, JJB today confirmed details of the Ashley loan.

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Extract


Jjb Tries to Brazen Out Chairman's Loan Furore

But despite criticisms of a conflict of interest because of Ashley's status as head of Sports Direct and his history of in...

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