No Charges in Sports Direct Investigation; Cartel Inquiry Still Looking at Individuals

The Journal (Newcastle, England), October 20, 2010 | Go to article overview

No Charges in Sports Direct Investigation; Cartel Inquiry Still Looking at Individuals


Byline: Jamie Grierson

NEWCASTLE United owner Mike Ashley's Sports Direct company will not face any charges following an investigation by the Serious Fraud Office into allegations of cartel activity.

The investigation into Sports Direct and rivals JJB Sports is still looking at individuals in relation to the alleged case of anti-competitive practices in the sports retail market, however.

The inquiry first came to light in September last year after JJB Sports approached the Office of Fair Trading (OFT) over a "suspected agreement or concerted practice to dampen competition in the sports retail market".

Between them Sports Direct and JJB have leading positions in the market for replica football shirts and sportswear.

The case centres on alleged anti-competitive conduct between June 8, 2007 and March 25 last year. Both companies released statements repeating the SFO's decision not to bring charges against either firm. JJB said it would continue to co-operate fully with the SFO's investigation.

Shares in JJB Sports were up 5% after the announcement, but shares in Sports Direct were down 2%. In a statement, the SFO said: "The Serious Fraud Office investigation into Sports Direct International and JJB Sports has been completed and it is decided that no charges are to be brought against the companies. The investigation into individuals continues."

The OFT added that its own investigation into alleged anti-competitive conduct in the sports goods retail sector is continuing.

In an unrelated move, outdoor retailer Blacks Leisure - in which Sports Direct is a major shareholder - said it was in talks with several parties interested in buying some or all of the business. …

The rest of this article is only available to active members of Questia

Sign up now for a free, 1-day trial and receive full access to:

  • Questia's entire collection
  • Automatic bibliography creation
  • More helpful research tools like notes, citations, and highlights
  • Ad-free environment

Already a member? Log in now.

Notes for this article

Add a new note
If you are trying to select text to create highlights or citations, remember that you must now click or tap on the first word, and then click or tap on the last word.
One moment ...
Default project is now your active project.
Project items

Items saved from this article

This article has been saved
Highlights (0)
Some of your highlights are legacy items.

Highlights saved before July 30, 2012 will not be displayed on their respective source pages.

You can easily re-create the highlights by opening the book page or article, selecting the text, and clicking “Highlight.”

Citations (0)
Some of your citations are legacy items.

Any citation created before July 30, 2012 will labeled as a “Cited page.” New citations will be saved as cited passages, pages or articles.

We also added the ability to view new citations from your projects or the book or article where you created them.

Notes (0)
Bookmarks (0)

You have no saved items from this article

Project items include:
  • Saved book/article
  • Highlights
  • Quotes/citations
  • Notes
  • Bookmarks
Notes
Cite this article

Cited article

Style
Citations are available only to our active members.
Sign up now to cite pages or passages in MLA, APA and Chicago citation styles.

(Einhorn, 1992, p. 25)

(Einhorn 25)

1

1. Lois J. Einhorn, Abraham Lincoln, the Orator: Penetrating the Lincoln Legend (Westport, CT: Greenwood Press, 1992), 25, http://www.questia.com/read/27419298.

Cited article

No Charges in Sports Direct Investigation; Cartel Inquiry Still Looking at Individuals
Settings

Settings

Typeface
Text size Smaller Larger Reset View mode
Search within

Search within this article

Look up

Look up a word

  • Dictionary
  • Thesaurus
Please submit a word or phrase above.
Print this page

Print this page

Why can't I print more than one page at a time?

Full screen

matching results for page

Cited passage

Style
Citations are available only to our active members.
Sign up now to cite pages or passages in MLA, APA and Chicago citation styles.

"Portraying himself as an honest, ordinary person helped Lincoln identify with his audiences." (Einhorn, 1992, p. 25).

"Portraying himself as an honest, ordinary person helped Lincoln identify with his audiences." (Einhorn 25)

"Portraying himself as an honest, ordinary person helped Lincoln identify with his audiences."1

1. Lois J. Einhorn, Abraham Lincoln, the Orator: Penetrating the Lincoln Legend (Westport, CT: Greenwood Press, 1992), 25, http://www.questia.com/read/27419298.

Cited passage

Thanks for trying Questia!

Please continue trying out our research tools, but please note, full functionality is available only to our active members.

Your work will be lost once you leave this Web page.

For full access in an ad-free environment, sign up now for a FREE, 1-day trial.

Already a member? Log in now.