LONDON (Alliance News) - Sports Direct International PLC founder Mike Ashley is set to sell GBP115 million worth of his shares in the retailer, The Times reported on Wednesday.
Brokers at Goldman Sachs confirmed they have been tasked with placing 15.4 million Sports Direct shares with City investors, the paper said.
Though the reason for the sale has not been stated, it comes as Ashley is locked in a battle for control at Rangers International Football Club PLC, where he has been steadily increasing his influence through loans and boardroom appointments, despite controversy over his growing power at the club due to his existing ownership of Newcastle United FC.
http://www.thetimes.co.uk/tto/business/industries/retailing/article4329176.ece
By Sam Unsted; samunsted@alliancenews.com; @SamUAtAlliance
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