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Mike Ashley contacts Derby’s administrators to confirm interest in buying club

Mike Ashley has contacted Derby County’s administrators to confirm he retains an interest in the club.American businessman Chris Kirchner, named as the preferred bidder in April, failed to meet Friday’s 5pm deadline to show he was in a position to complete his deal to buy the club.Former Newcastle owner Ashley has written to Derby’s administrators Quantuma, via his lawyers, saying he “remains willing and ready to transact”. A copy of the letter has been seen by the PA news agency.Kirchner’s failure to prove he had the funds in place to complete the takeover prompted Quantuma to announce on Thursday that...
PREMIER LEAGUE
SkySports

Derby takeover: Mike Ashley remains interested but 'disappointed' by administrators

Mike Ashley has written to Derby's administrators to confirm he remains interested in the takeover, an email seen by Sky Sports News has revealed. Derby's future remains uncertain after preferred bidder Chris Kirchner failed to complete his deal for the club before Friday's 5pm deadline set by the administrators. Quantuma...
SPORTS
SkySports

Mike Ashley renews contact with Derby County administrators with former Newcastle United owner still keen to buy club

Mike Ashley has made renewed contact with Derby County's administrators, and Sky Sports News has been told the former Newcastle owner remains very keen to buy the club. It is thought there has been no reply from Quantuma, the administrators, to Ashley's approach, despite the period of exclusivity granted to prospective buyer Chris Kirchner expiring on Saturday night.
PREMIER LEAGUE
RELATED PUBLISHERS

This is How Mike Ashley Saved 1,500 Jobs at Studio Retail

Click here to read the full article. Mike Ashley’s Frasers Group acquired Studio Retail Group out of bankruptcy. This content is for Limited, SJ Promo- 40% off, Annual, SJ Promo 50% off, $2/ Week, $3 / Week, SJ Promo- 25% off and $15 a Month members only. You can read up to five free articles each month with a Limited Level Subscription. Please visit the site and log in, or subscribe to read. More from Sourcing JournalDavid Beckham Hammers Out Authentic Brands DealWhat to Make of the Rumors Around Ralph Lauren and LVMHExecutive Tête-à-Tête Behind $5.8M JD Sports FineBest of Sourcing JournalDTC Explainer: Everything You Need to Know about Direct-to-ConsumerTariffs and Their Place in the American EconomyThe AEPC: Learning More About India’s Apparel Export Promotion Council
LOS ANGELES, CA
BBC

The Times pays Mike Ashley 'substantial' damages for defamation

Businessman Mike Ashley has received an apology from a newspaper which printed "untrue" allegations his phone records were "protected" during a legal battle. Times Newspapers has agreed to pay "substantial" damages after being sued by the former Newcastle United owner. The publisher told the High Court in London it had...
ECONOMY

Mike Ashley secures Times apology over ‘protected’ phone records allegations

A newspaper publisher has apologised to billionaire businessman Mike Ashley and agreed to pay him damages over “untrue” allegations that his phone records were “protected” during a High Court battle.The former Newcastle United owner launched libel proceedings against Times Newspapers following front page coverage of its investigation into the activities of mobile telephone company Sport Mobile.The High Court in London was told on Wednesday that the publisher of The Times had issued an apology and retraction over a series of articles in print and online on July 17 and 18 2020.Adam Speker QC, representing Mr Ashley, the chief executive of...
ECONOMY
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Mike Ashley-backed Studio Retail Group to file for administration

Studio Retail Group, which counts Mike Ashley’s Frasers Group as its biggest investor, is to hire administrators after failing to secure an urgent £25 million loan.The online retail business, which was known as Findel until 2019, has now had its shares suspended on the London Stock Exchange as a result.Last month, the Accrington-based company saw its shares plunge when it issued its second profit warning in two months after being hammered by transport delays and soaring shipping costs.The home shopping business said its cash was being heavily cut into as a result of the distorted levels of stock following the...
BUSINESS