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Sports Direct threatens to sue Debenhams administrators and directors

Mike Ashley has accused Debenhams administrators of being conflicted 

Sports Direct has attacked Debenhams’ administrators at FTI and demanded they resign or reverse the administration in Mike Ashley’s latest salvo against the defunct department store chain.

Chris Wootton, deputy finance chief of Mike Ashley's firm, also claimed Sports Direct was considering legal action against Debenhams’ directors over shareholder losses.

Sports Direct and other investors were wiped out after Debenhams fell into the hands of a group of hedge funds and lenders on Tuesday in a pre-pack administration.

Mr Ashley had attempted to derail the pre-pack several times with various offers to provide a loan, buy its Danish business for £100m and underwrite a £200m rights issue.

However,...

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