Mike Ashley's Sports Direct said on Monday it was considering buying the wh...
FILE PHOTO: Shoppers walk past the Debenhams department store on Oxford Street in London, Britain December 15, 2018. REUTERS/Simon Dawson/File Photo
Sports Direct, Debenhams’ largest shareholder with a near 30 percent stake, has been trying push for control of the group, but an attempt to appoint Ashley to the board and replace nearly all of the existing directors failed because Sport Direct at the time owned its stake through a third-party nominee.
“In Sports Direct’s opinion, Debenhams restructuring and refinancing process is likely to result in an adverse outcome for Debenhams existing shareholders,” the sports retailer said on Monday. Billionaire Ashley, who also owns Newcastle United soccer club, made his fortune from building his sportswear chain.
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Sports Direct opposes any Debenhams plan that wipes out equityBritish sportswear group Sports Direct said any restructuring option pursued by ...
Read more »
Mike Trout Gets $430 Million, But Floyd Mayweather Still Has Biggest Sports Contract Of All TimeMike Trout's $430 million contract with the Angels will set a record for team sports. However, Floyd Mayweather still holds the overall crown. His Showtime deal paid $450 million over three years.
Read more »
Mike Trout Gets $430 Million, But Floyd Mayweather Still Has Biggest Sports Contract Of All TimeMike Trout's $430 million contract with the Angels will set a record for team sports. However, Floyd Mayweather still holds the overall crown. His Showtime deal paid $450 million over three years.
Read more »
Mike Trout signs the biggest contract in U.S. sports history — 12 years and $432 millionTrout’s deal with the Los Angeles Angels is worth $100 million more than baseball’s next biggest contract.
Read more »
Mike Trout Gets $430 Million, But Floyd Mayweather Still Has Biggest Sports Contract Of All TimeMike Trout's $430 million contract with the Angels will set a record for team sports. However, Floyd Mayweather still holds the overall crown. His Showtime deal paid $450 million over three years.
Read more »
Mike Trout, Angels reportedly finalizing largest deal in US sports history, a 12-year, $430 million extensionThe star outfielder, who was set to be a free agent following the 2020 season, is reportedly landing a contract worth $100 million more than Bryce Harper, whose 13-year, $330 million deal earlier this month was previously the largest in baseball.
Read more »
March Madness Is Most Profitable Postseason TV Deal In SportsMarch Madness isn't the biggest sports television deal—but it is the most profitable in the post season among U.S. sports for its distributors
Read more »
AP source: Trout, Angels close to record $432M, 12-year dealA person familiar with the negotiations tells The Associated Press that Mike Trout and the Los Angeles Angels are close to finalizing a $432 million, 12-year contract that would shatter the record...
Read more »
Mike Trout finalizing a record $430 million commitment over the next 12 years with the AngelsMike Trout and the Angels agreed to a deal the will pay the two-time MVP $430 million over the next 12 years, a record commitment in North American sports history.
Read more »