Live: JJB Sports AGM

The row over the controversial £1.5m loan that Sports Direct founder Mike Ashley lent to JJB chairman Sir David Jones is to come to a head this morning at the JJB AGM. Retail Week reports live from Wigan.

The row over the controversial £1.5m loan that Sports Direct founder Mike Ashley lent to JJB Sports chairman Sir David Jones is to come to a head this morning at the JJB AGM.

Ashley or his representative will be at the meeting to confront Jones with a series of awkward questions about the loan. Although Jones has paid it back, there are still conflicting stories of when the loan was agreed - before or after Jones took up his role at JJB - and whether that raises concerns of a potential conflict of interest.

The meeting starts at 11am.

12.12: Jones: I know one thing I will be exhausted at the end of this meeting.

12.08: Sill voting. There is the biggest most imposing security man near the door, wonder if they were expecting trouble?

11.58: Close to 100 people in this room- Jones said earlier that when they had the London meetings on the CVA three people turned up

11.56: Emerson is texting on his phone as the other resolutions are being put to the meeting - wonder if he is texting Mr Ashley?

11.51: Looks like the recent scandal has done little to dent shareholders support of Jones

11.50: Proxy vote for Jones's re-election: 98 per cent in favour

11.46: Votes happening now - proxy votes shown but full results not expected until later today

11.43: Jones and the other board members said it seemed like the total package of stores in question were a drain on company resources

11.42: A former JJB employee asked why Jones and the board allowed Ronnie to sell profitable stores to be handed to Ashley

11.41: He asked what were the last roles Colin Tranter held - who is director of retail and product- Jones said it was not a relevant question

11.39: Chris Emmerson has said it seems Jones has a friends and family policy of recruitment at the moment

11.37: He said that the proof there is no conflict of interest which is proved by the fact he does not now trade with sports direct

11.32: Jones said he is not looking to take stock from a competitor

11.27: He is asking why in light of the poor stock position JJB refused to take stock on good terms from Ashley

11.24: Chris Emmerson has just stood up on behalf of Mike Ashley

11.22: Jones also said that Ashley refused to pay a bill that Sports Direct owed until a settlement was made with suspended chief Chris Ronnie

11.21: Jones: In hind sight wish I had not made contract with Ashley

11.20: Jones explaining his position

11.19: Same shareholder said he told Chris Ronnie that there was no money in Iceland - Ronnie apparently said "I know it was from Russia"

11.17: Questions started- shareholder is asking why Jones lent money from a rival business

11.15: Board believes a number of factualy incorrect & defamatory claims have been made against Sir David with a view to de-stabalise the company

11:12: Trading update- retail revenue -40.4 per cent in last 25 week.No improvement expected till end if the year when stock starts coming through

11:03:John Clare to be new independent non executive director

11:02: Jones: Year to 2009 a very sad one for the company

11:01: Jones said we will wait 50 seconds to start as Mike Ashley is usually late

10.57: Sir David is here just sitting down to start - full house

10:56: Shareholders have been reading over the newspaper cuttings of the loan scandal- former non exec roger best is here to watch proceedings

10.42: New appointment to the board expected to be announced at eleven-apparently a significant retail name.

10.30: There is a banner outside JJB HQ saying- Sir David we are 100 per cent behind you. From your 6,500 loyal emloyees.

This story is being updated live from 11 throughout the JJB Sports AGM. To see the latest version, please refresh your browser window, or follow Retail Week's updates live on Twitter at @retailweek