Sports Direct makes £150m loan offer to Debenhams

Mike Ashley photo courtesy of Sky News
Shirebrook-based Sports Direct has offered a £150m loan to struggling retailer Debenhams. The news follows a hostile takeover bid from Mike Ashley, in which he said he would step down from Sports Direct if he could become the boss of the department store. Earlier this week, Debenhams announced that it is in negotiations with its current lenders to try and secure funding of approximately £150m, £40m of which would be used to refinance the new secured £40m bridge facility. In a statement, Sports Direct said: "Sports Direct ... You can carry on reading TheBusinessDesk.com for free, but you have reached the maximum number of pages an unregistered user can view. To register for an account, click here or login below...
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