Sports Direct offers £150m loan to Debenhams


Sports Direct has offered a £150m unsecured loan to Debenhams which would enable the retailer to repay its bridge facility and place Mike Ashley at the helm of the company.

Out of the total loan £40m would be used to repay Debenhams’ current bridge facility and £110m would be available as working capital.

This is premium content

You must be logged in to view premium stories.

Gated access promo

Subscribe for full access

Take out a print and online or online only subscription and you will get immediate access to:

  • Breaking industry news as it happens
  • Expert analysis and comment from industry leaders
  • Unlimited access to all stories, including premium content
  • Full access to all our online archive

To get access to premium content subscribe today

Alternatively REGISTER for a free trial to access up to 4 articles and sign up for email alerts

If you are already a registered user or a subscriber you can SIGN IN now