Mike Ashley strikes new Debenhams deal

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File photo dated 16/08/10 of Newcastle United owner Mike Ashley who's sportswear group Sports Direct International has sold its  near-5% stake in Debenhams days after making the share swoop. PRESS ASSOCIATION Photo. Issue date: Thursday January 16, 2014. Sports Direct International has instead struck a complex financial arrangement giving it the option to take a 6.6% stake in Debenhams amid speculation he is lining up celebrity-sponsored sportswear ranges for the chain.Sports Direct raised eyebrows on Monday when it emerged the group had bought a 4.6% stake in Debenhams, worth around ?46 million, in the wake of the department store's recent profits warning after disappointing Christmas trading. See PA story CITY Debenhams. Photo credit should read: Owen Humphreys/PA Wire
File photo dated 16/08/10 of Newcastle United owner Mike Ashley who's sportswear group Sports Direct International has sold its near-5% stake in Debenhams days after making the share swoop. PRESS ASSOCIATION Photo. Issue date: Thursday January 16, 2014. Sports Direct International has instead struck a complex financial arrangement giving it the option to take a 6.6% stake in Debenhams amid speculation he is lining up celebrity-sponsored sportswear ranges for the chain.Sports Direct raised eyebrows on Monday when it emerged the group had bought a 4.6% stake in Debenhams, worth around ?46 million, in the wake of the department store's recent profits warning after disappointing Christmas trading. See PA story CITY Debenhams. Photo credit should read: Owen Humphreys/PA Wire

%VIRTUAL-SkimlinksPromo%Newcastle United owner Mike Ashley's sportswear group has sold its near-5% stake in Debenhams days after making the share swoop.

Sports Direct International has instead struck a complex financial arrangement giving it the option to take a 6.6% stake in Debenhams amid speculation he is lining up celebrity-sponsored sportswear ranges for the chain.