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Mike Ashley sells £117m stake in Sports Direct

Share sale fuels rumours that Newcastle United owner is preparing to offer emergency loan to Rangers

Mike Ashley is selling a 2.6% stake in Sports Direct, worth £117m, in a deal with US bank Goldman Sachs.

The sale of the 15.4m shares, which will reduce his total stake to 55%, is likely to fuel rumours that the Newcastle United owner is preparing to offer cash-strapped Scottish football team Rangers a £10m emergency loan.

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Mike Ashley sells £117m stake in Sports Direct

Share sale fuels rumours that Newcastle United owner is preparing to offer emergency loan to Rangers

Mike Ashley is selling a 2.6% stake in Sports Direct, worth £117m, in a deal with US bank Goldman Sachs.

The sale of the 15.4m shares, which will reduce his total stake to 55%, is likely to fuel rumours that the Newcastle United owner is preparing to offer cash-strapped Scottish football team Rangers a £10m emergency loan.

Continue reading...

About the Author

Comments are closed.