Sports Direct down as Goal investigation refused

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Sports Direct down as Goal investigation refused
Master Investor Magazine

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FTSE 250 retailer Sports Direct International (LON:SPD) has seen its share price drop by 1.89% to 280.40p (as of 11:30 BST) after Goals Soccer Centres refused its request for an independent, crade-to-grave report into its historic VAT and current issues with HMRC. The request was for the board to allow an investigation to take place and all costs would have been borne by Sports Direct.

Sports Direct noted that one of Goal’s other major shareholders is on the company’s board and therefore has access to certain privileged information that other shareholders are not party to.

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