BusinessCompany NewsSports Direct’s FD enjoys mega-bonus

Sports Direct's FD enjoys mega-bonus

Bob Mellors, the under-fire FD of controversial sports retailer Sports Direct, pockets a £5m bonus

sports direct

The finance director of battered sports retailer Sports Direct has been given
a £5m bonus for his ‘important contribution to the development of the company’.

Bob Mellors received the bonus despite a tumultuous and fractious
relationship with investors and analysts, and a plummeting share price that has
more than halved in Sports Direct’s first five months as a listed company.

The Guardian reports that half of the £5m windfall has been paid
already and that the rest will be paid next spring.

Mellor’s salary of £150,000, however, is relatively small compared with that
of other FTSE FDs. He also has no shares in the company and does not receive any
company pension contributions or benefits.

Further reading:

Investors demand new FD for Sports
Direct

Sports Direct boss slams City ‘cry
babies’

Sports Direct chairman quits after just three
months

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