Mike Ashley has accused the board of Debenhams of stealing from shareholders, lying to him and obstructing his rescue efforts after the department stores chain’s pre-pack administration.
The founder of Sports Direct, which has been locked in a battle with Debenhams for months, said that he would go to “the ends of the earth” to save stores and would not stop in his “quest to get to the bottom of this appalling managed process and to find and hold to account those responsible for this final turn of events”.
The billionaire retailer, 54, is estimated to have lost £150m of his shareholders’ money investing in Debenhams. He accused politicians and regulators of “fiddling while Rome burnt” and said that they were all as “effective as a chocolate teapot” as he called for the administration to be reversed.
