investment company: Investment company and major landlord M&G has launched its own separate legal action, according to The Guardian. The cases are likely to be heard together in early July. The legal challenge funded by Sports Direct is being supported by a private Salford-based landlord owned by the family of property investor Aubrey Weis which owns six Debenhams properties. Sports Direct's legal action is the latest move by Ashley in his battle with the department store, which was taken over by a syndicate of banks and hedge funds it owed money. Arcadia on the brink after Intu rejects revised CVA plan Read more Sports Direct took part in the CVA vote as the retail group, which also owns the House of Fraser department store chain as well as a string of sports and fashion stores, was owed more than 500,000 by Debenhams at the time the CVA was tabled. The deal thwarted an attempt by the Sports Direct boss to take control and wiped out the group's stake in Debenhams which had cost at least 150m to build up.
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