Sports Direct boss announces plan to oust all but one director at ailing department store

The Sports Direct boss, Mike Ashley, is attempting a coup at Debenhams by calling a general shareholder meeting to appoint himself to the board in an executive role and oust nearly all other directors.

In a dramatic stock market announcement filed late on Thursday, Ashley pledged that, if appointed to the board of the ailing department store, he would step down from his role as chief executive of Sports Direct, in which he holds a majority stake. Sports Direct owns nearly 30% of Debenhams.

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