An enormous potential tax bill from Belgium is just one of the problems for Sports Direct International (LON: SPD) and its lateness in reporting its annual results is not helping to make investor attitudes towards the company more positive.
The results were published at 5.19pm on Friday, well after the close of trading and later than originally planned. So, there is likely to be a significant share price response on Monday.
The potential contingent liability of €674m, which is more than £600m, caught the eye. That is what Belgian tax authorities say that Sports Direct owes in unpaid VAT...
