Sportswear retailer Sports Direct is fighting an order to hand over “private” documents to the UK’s accounting watchdog.
According to a report by the Financial Times (FT), the retailer is attempting to overturn a High Court ruling from 2018 which ordered it to submit 40 company documents to the Financial Reporting Council (FRC).
The FRC’s investigation focused on whether Grant Thornton signed off on a business arrangement between Sports Direct and Barlin Delivery, which was not disclosed in the retailer’s accounts.
However, the retailer, which is owned by Mike Ashley, said it had a “fundamental right” to the documents it sent to Grant Thornton and Deloitte
Accountancy Today has contacted the FRC, BDO and Sports Direct for comment.