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Sports Direct in advanced talks to sell Shirebrook property

By Michele Maatouk

Date: Friday 17 May 2019

Sports Direct in advanced talks to sell Shirebrook property

(Sharecast News) - Mike Ashley's Sports Direct said on Friday that it is in advanced talks to sell a freehold property in Shirebrook for just over £12m in cash.
If the deal completes, the company will take a 15-year lease of the property and continue to operate it as a distribution centre, offices and retail.

Sports Direct said it plans to put the proceeds of the sale towards working capital and its group operations.

At 1600 BST, the shares were up 1% at 295.25p.

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