TSports Direct tycoon Mike Ashley's staggering take-over of struggling roads cost 6,000 jobs and more than £ 1 billion in unpaid bills. The Sunday Telegraph can betray.
An analysis of Mr. Ashley's raids on desperate retailers and pre-made deals with administrators shows how he used the British bankruptcy laws to build his empire.
Last week, Sports Direct crashed on the affected Evans Cycles chain to arrange a £ 8m takeover with administrators PwC. Evans is the youngest in a long line of brands that Mr. Ashley bought through the controversial mechanism that allows the new owner to acquire the assets of a company without debt. Advocates argue that ready-made deals get jobs …