Sports Direct tycoon Ashley bails out of MySale

Mike Ashley

Sports Direct tycoon Mike Ashley has sold his stake in etailer MySale.

Ashley has offloaded his 4.8% holding for about £518,000 – substantially less than he paid for it when he invested alongside Arcadia tycoon Sir Philip Green.

The loss on the investment came in the wake of Sports Direct’s wipe-out, along with other equity investors, when control of department store group Debenhams passed to lenders following an administration process.

Subscription content

Please sign in now if you have a subscription or are already registered with us.

Retail Week

Register for free to continue reading provides premium, in-depth intelligence that helps retailers judge risks, spot opportunities and identify what they need to do to win in the digital economy.

Register today for a taste of our high-quality intelligence and enjoy:

  • Two free article views per calendar month on
  • Detailed analysis of current trends and events 
  • Exclusive newsletters
  • In-depth reports, videos, interviews and much more

Discover Retail Week register now

Please note, if you have recently purchased a subscription, it may take a few minutes before your account is updated.