Trends & Features

Sports Direct considers bid for Blacks

Sports Direct has confirmed it is considering making a bid for Blacks Leisure, the outdoor retailer.

The company, owned by Mike Ashley, blocked Blacks’ proposed £20million fundraising plans last week.

Sports Direct currently has a 28 per cent stake in Blacks, which Ashley purchased for £6million.

Sports Direct added there can be no certainty that any offer will ultimately be made for Blacks and a further announcement will be made when appropriate.

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