Home > Uncategorized > Mike Ashley. Right or wrong?

Mike Ashley. Right or wrong?

_82063355_1d1cc706-a06b-4f30-8c21-09f5c2345dddI came across this story on the BBC website which is clearly attacking Mike Ashley, the high profile owner of Sports Direct, on a number of fronts of which the administration last year of USC is perhaps the most significant and led to this quote

Conservative MP Simon Reevell told the Scottish affairs committee: “Sports Direct had a company that was losing money, they now have the same company where the debt liability that had been incurred has gone.”

“At one level, to use a technical phrase, this all looks well dodgy,” he added.

The assets of USC were brought by another Sport’s Direct business. It clearly does not look good but “dodgy”? The fact is if it is legal then it is legal.

Should the law be tightened up? Maybe so, but whatever anyone thinks of Mike Ashley and his business practices, if he has not breached any laws then quite frankly he should left to get on with running his empire rather than answering to parliamentary committees and the IOD

A more balanced view is here

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