Tycoon 'bought 11% stake in Fraser'

Updated
File photo dated 26/11/2009 of Sports Direct tycoon Mike Ashley who tried to muscle in at the last minute on the Chinese takeover of House of Fraser by snapping up an 11% stake in the department store, it was reported today. PRESS ASSOCIATION Photo. Issue date: Sunday April 6, 2014. The Newcastle United owner bought the shares from entrepreneur Sir Tom Hunter a week ago, according to the Sunday Times, before trying to derail the sale of the business to Nanjing-based conglomerate Sanpower by buying out other investors. See PA story CITY Fraser. Photo credit should read: Owen Humphreys/PA Wire

%VIRTUAL-SkimlinksPromo%Sports Direct tycoon Mike Ashley tried to muscle in at the last minute on the Chinese takeover of House of Fraser by snapping up an 11% stake in the department store, it was reported.

The Newcastle United owner bought the shares from entrepreneur Sir Tom Hunter a week ago, according to the Sunday Times, before trying to derail the sale of the business to Nanjing-based conglomerate Sanpower by buying out other investors.

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