Sports Direct shareholders veto payment to brother of founder Mike Ashley

[December 13, 2017]  LONDON (Reuters) - Independent shareholders in Sports Direct on Wednesday voted against paying the brother of founder Mike Ashley 11 million pounds ($14.7 million) for work as an IT expert.

A man arrives for Sports Direct AGM at their headquarters in Shirebrook, Britain September 6, 2017. REUTERS/Darren Staples/File Photo

Sports Direct said last month a report by law firm RPC had found that John Ashley was entitled to the money for his work since Sports Direct floated in 2007. It asked independent shareholders to vote on the matter. At a meeting, held at Sports Direct's headquarters in Shirebrook, central England, 71 percent of independent shareholders voted against the resolution. "The board respects the views of the company's independent shareholders, and considers all these matters to be closed. We now intend to move on," Sports Direct said. (Reporting by James Davey; editing by Paul Sandle) [© 2017 Thomson Reuters. All rights reserved.] Copyright 2017 Reuters. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.