Sports Direct says other Debenhams investors back making Ashley boss

231

LONDON (Reuters) – Sports Direct (LON:SPD), the sportswear group that could be seeking charge of Debenhams, said hello have been contacted by other shareholders in the shopping area group expressing their support to run Mike Ashley as Debenhams CEO.

Sports Direct, that includes a near Thirty percent stake in Debenhams, failed to say the quantity of Debenhams shareholders were backing it or name they.

Last year Sports Direct bought department store chain House of Fraser from administration and features been seeking to wrest command over Debenhams for months.

Sports Direct stated it has set up a template letter on its a website to enable any shareholders in Debenhams to help make their views known.

On Friday Debenhams secured 200 million pounds ($261.4 million) in new funds but warned shareholders still faced being slain unless Sports Direct gave its support.

Debenhams said Sports Direct had to either create a firm offer to your group, underwrite a rights issue, or provide debt funding when it wanted to prevent Debenhams' ownership falling into your hands of lenders.

Sports Direct said a while back it turned out considering a 61.4 million pound offer.