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Sports Direct sees costs of £10M relating to mininum wage

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Sports Direct, Britain's biggest sportswear retailer, said its employees would be paid above the national minimum wage from the start of the new year, after a review of its conditions for thousands of its workers.

The company, controlled by high-profile businessman Mike Ashley, said on Thursday the cost of the pay rises is likely to be around 10 million pounds ($14.8 million), on an annual basis.

Sports Direct had come under fire from media, investors and politicians for paying some of its workers less than the legal minimum, an allegation denied by the company.