JD Sports has agreed a £5.5m exit deal with its former boss, Peter Cowgill.
Mr Cowgill stepped down with immediate effect in May in a move that was described "as a consequence of an ongoing review of its internal governance and controls" and a decision to "accelerate the separation" of the roles of chair and chief executive.
The Greater Manchester-headquartered group said Mr Cowgill has been paid his salary, contractual benefits and will be eligible for any appropriate annual bonus, subject to usual performance conditions, for the period up to May 25, 2022.
