Sports Direct is scrambling to avoid government intervention and possible suspension from the London Stock Exchange by reversing a commitment to appoint a Big Four auditor. The retailer, founded by billionaire Mike Ashley, has instead approached a number of mid-tier firms, including BDO and Mazars, about a possible tender process in recent days, according to people with knowledge of the discussions. Grant Thornton announced that it would quit as Sports Direct auditor last week.
Sports Direct is scrambling to avoid government intervention and possible suspension from the London Stock Exchange by reversing a commitment to appoint a Big Four auditor. The retailer, founded by billionaire Mike Ashley, has instead approached a number of mid-tier firms, including BDO and Mazars, about a possible tender process in recent days, according to people with knowledge of the discussions. Grant Thornton announced that it would quit as Sports Direct auditor last week.
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