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It doesn't appear to be the right way to go about things. However, one must consider that Debenhams chose not to engage with its largest shareholder (Sports Direct) and rejected an acquisition offer by them that would have injected more funds into the business (which Debenhams ultimately had to request from its investors after the administration) simply because it involved Mike Ashley becoming CEO. Mike Ashley appears to be convinced that Debenhams chose alternative means to proceed that were not 100% in the best interests of all shareholders. Further, Mike Ashley/Sports Direct appear to have suffered a loss of approx. £150mn as a result of the administration; whilst nothing is going to recover that amount now, perhaps getting the truth, as they perceive it, out into the public domain will ease some of that pain?

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