Sports Direct hits out at Debenhams for rejecting £40m loan

Board accused of ‘dereliction of duty’ for turning down
interest-free offer

Sports Direct, which
dramatically ousted the chairman of Debenhams on Thursday
, has
accused the department store’s directors of “dereliction of
duty” for turning down a £40m interest-free loan offered by the
sports chain before Christmas.

In a letter to the chair of the housing, communities and local
government select committee of MPs, published on Friday, Sports
Direct
said: “If Debenhams does fail, the responsibility for
that will rest solely with the Debenhams board.”

Source: FS – All-News2-Economy
Sports Direct hits out at Debenhams for rejecting £40m loan