Sports Direct boss challenges CVA deals which thwarted bid to control department store

Mike Ashley’s Sports Direct has fired off a legal challenge against Debenhams rescue restructure, which was approved by creditors last month.

The legal challenge is the latest blow by Ashley in his battle with the department store, which was taken over by a syndicate of banks and hedge funds it owed money. The deal thwarted an attempt by the Sports Direct boss to take control.

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