Sports Direct owner Mike Ashley looking to take over HMV

A general view of the HMV (His master's voice) store entrance with neon sign on Oxford Street on January 03, 2019 in London, England.

Newcastle United and Sports Direct head honcho Mike Ashley is reportedly “serious” about taking over administration afflicted HMV.

British retail tycoon Mike Ashley, owner of Sports Direct, House of Fraser and Premier League club Newcastle United, is one of a “number of parties” to have made a bid to accountancy firm KPMG for music and entertainment retailer HMV, which is currently in administration, according to reports.

Sky News reported that Ashley was “one of a handful of parties to lodge formal offers with KPMG‎ ahead of a deadline on 15 January” and that a source close to him said he was “serious” about purchasing it to add to his retail portfolio.

Owner of Sports Direct and Newcastle United, Mike Ashley, arrives at the High Court on July 10, 2017 in London, England. Mr Ashley is defending himself against a lawsuit filed by former...Owner of Sports Direct and Newcastle United, Mike Ashley, arrives at the High Court on July 10, 2017 in London, England. Mr Ashley is defending himself against a lawsuit filed by former...

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