JD Sports is paying its former boss Peter Cowgill £5.5m over three years, on top of a year’s salary worth more than £906,000 and a potential bonus worth up to £450,000, under a deal to prevent him setting up a rival retailer.
Under the agreement, Cowgill will not be able to work for or advise any of JD Sports’ competitors for two years or to hire any of the group’s employees.
