JJB Sports has rejected Chris Ronnie’s resignation, saying that the statement issued by his lawyers was done without the retailer's knowledge.

In a statement it said: “JJB confirms that Christopher Ronnie has tendered a letter of resignation conditional upon reaching agreement on the terms of a settlement. No such agreement has been reached and accordingly Mr Ronnie's resignation is not effective.”

JJB said that it continues to reserve its “contractual and other rights” in respect of Ronnie.

Earlier today Ronnie's lawyers sent a statement saying that Ronnie had left his role as chief executive following a "financial settlement".

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