Sports Direct chief offers to underwrite Debenhams rescue for CEO job: Financial Times

Sports Direct chief Mike Ashley has offered to underwrite a 150 million pound ($...

FILE PHOTO: A new Debenhams department store is seen in a shopping centre in Watford, Britain, September 24, 2018. REUTERS/Peter Nicholls/File Photo

The owner of the sportswear firm is also considering a 60 million pounds takeover bid for Debenhams this weekend, the Sunday Times said in a separate report. Debenhams secured 200 million pounds in new funds last week but warned that shareholders still face being wiped out unless it secures financial support from Sports Direct, which holds a near 30 percent stake.

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