Ashley’s Sports Direct in talks to sell HQ for £120m

Mike Ashley

Mike Ashley’s Sports Direct International Plc said late on Friday it is in advanced negotiations to sell its HQ buildings at Shirebrook near Mansfield for £120 million.

In a stock exchange statement, the company said: “Sports Direct announces that it is, through its wholly owned subsidiary Retail Limited, in advanced negotiations to dispose of the freehold property of Units A, B, C, D and F Brook Park East, Shirebrook, NG20 8RY to KWAA Logix Sportivo Limited for a cash consideration of £120,050,000.

“Sports Direct will on completion, take a 15 year lease of the property and intends to continue to operate the property as a distribution centre, offices and retail.

“The company intends to use the proceeds of sale towards the working capital of the cmpany and its group operations.”

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Mark McSherry
Dalriada Media LLC sites are edited by veteran news journalist Mark McSherry, a former staff editor and reporter with Reuters, Bloomberg and major newspapers including the South China Morning Post, London's Sunday Times and The Scotsman. McSherry's journalism has also appeared in The Washington Post, The Guardian, The Independent, The New York Times, London's Evening Standard and Forbes. McSherry is also a professor of journalism and communication arts in universities and colleges in New York City. Scottish-born McSherry has an MBA from the University of Edinburgh and a Certificate in Global Affairs from New York University.