This article is from the source 'bbc' and was first published or seen on . It last changed over 40 days ago and won't be checked again for changes.
You can find the current article at its original source at https://www.bbc.co.uk/news/uk-england-derbyshire-48432832
The article has changed 2 times. There is an RSS feed of changes available.
Previous version
1
Next version
Version 0 | Version 1 |
---|---|
Sports Direct: Shirebrook headquarters sold for £120m | Sports Direct: Shirebrook headquarters sold for £120m |
(about 2 hours later) | |
Sports Direct has confirmed the sale of its headquarters in a £120m ($153m) deal with a Malaysian pension fund. | Sports Direct has confirmed the sale of its headquarters in a £120m ($153m) deal with a Malaysian pension fund. |
Kwasa Logix Sportivo, said to be owned by the Employees Provident Fund (EPF), bought the freehold to the company's base in Shirebrook, Derbyshire. | Kwasa Logix Sportivo, said to be owned by the Employees Provident Fund (EPF), bought the freehold to the company's base in Shirebrook, Derbyshire. |
Mike Ashley's discount sportswear retailer will take a 15-year lease and continue to operate from the site. | Mike Ashley's discount sportswear retailer will take a 15-year lease and continue to operate from the site. |
It comes amid speculation the tycoon is looking to take over further troubled retailers. | It comes amid speculation the tycoon is looking to take over further troubled retailers. |
Mr Ashley is also said to be nearing the sale of Newcastle United after Dubai-based Sheikh Khaled Bin Zayed Al Nahyan revealed on Monday the pair had "agreed terms". | Mr Ashley is also said to be nearing the sale of Newcastle United after Dubai-based Sheikh Khaled Bin Zayed Al Nahyan revealed on Monday the pair had "agreed terms". |
EPF manages the pension savings of more than seven million workers and also owns one of the Battersea Power station developments. | EPF manages the pension savings of more than seven million workers and also owns one of the Battersea Power station developments. |
Sports Direct said proceeds from selling its HQ would be used to boost its working capital and put towards its group operations, | Sports Direct said proceeds from selling its HQ would be used to boost its working capital and put towards its group operations, |
Last week Mr Ashley sold his entire 4.8% stake in struggling online firm Mysal. | Last week Mr Ashley sold his entire 4.8% stake in struggling online firm Mysal. |
Over the last year, he has taken over House of Fraser, Sofa.com and Evans Cycles, while Debenhams recently rejected two last-ditch takeover offers from Sports Direct after it went into administration. | Over the last year, he has taken over House of Fraser, Sofa.com and Evans Cycles, while Debenhams recently rejected two last-ditch takeover offers from Sports Direct after it went into administration. |
The firm recently decided to close its warehouse in Wigan, threatening 300 jobs, and said employees would be offered alternative work at Shirebrook. | |
Sports Direct's Shirebrook site | |
Follow BBC East Midlands on Facebook, Twitter, or Instagram. Send your story ideas to eastmidsnews@bbc.co.uk. | Follow BBC East Midlands on Facebook, Twitter, or Instagram. Send your story ideas to eastmidsnews@bbc.co.uk. |
Previous version
1
Next version