Flotation to net sports chain chief £800m

UK entrepreneur Mike Ashley was poised for an £800m (€1.2bn) windfall today after announcing plans for the flotation of his Sports World retail empire.

Flotation to net sports chain chief £800m
Tue, 13 Feb, 2007 - 07:37

UK entrepreneur Mike Ashley was poised for an £800m (€1.2bn) windfall today after announcing plans for the flotation of his Sports World retail empire.

Mr Ashley will sell around 40% of his stake in Sports Direct International when the company he founded in 1982 lists on the London stock market.

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