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Evening Standard
Evening Standard
Business
Simon English

JD Sports to pay ousted chairman £7m as it praises “incredible” success story

Peter Cowgill JD Sports JD Andy Higginson

A branch of JD Sports on Oxford Street, central London. (Yui Mok/PA)

(Picture: PA Archive)

JD Sports today agreed a near £7 million pay-off deal with ousted executive chairman Peter Cowgill, who turned the sports shoe business from an also-ran into a FTSE 100 giant.

He will get £3.5 million over two years for a non-compete clause that prevents him from working for JD’s competitors or poaching its staff.

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