Sports direct facing £605m tax demand.

[Geordie_Jacko]

Sports Direct says it is facing a €674m (£605m) tax demand from Belgian authorities - as boss Mike Ashley warned that problems at House of Fraser were "terminal".

Mr Ashley also warned of more store closures at House of Fraser and expressed apparent regret for buying it, as Sports Direct published a much-delayed set of full-year financial results.

The tycoon used the results statement to deliver a stark assessment of the problems his business is facing as well as venting at length about those he blames for them.

He warned that the acquisition of House of Fraser had "led to significant uncertainty as to the future profitability of the group as a whole".

Meanwhile, the group said its chief financial officer Jon Kempster would step down in September.
Buried at the bottom of the results, Sports Direct revealed that only a day earlier it had received a payment notice of €674m from Belgian authorities - including penalties and interest payments - after a tax audit.

[Sclox]

See how much he pays himself out of the club this year.

He has made more than 605 mill from us in 13 years.

[Geordie_Jacko]

See how much he pays himself out of the club this year.

He has made more than 605 mill from us in 13 years.

Yep, which is the exact reason why things like this hanging over his company's won't bother him one bit whatsoever. Knowing the money we bring him in year on year will easily get him out of any sh1t he's in with his other poorly ran business ventures.