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Blacks and Sports Direct saga continues

The planned takeover of Blacks by Sports Direct has taken another turn with Sport Direct owner Mike Ashley claiming Blacks had broken takeover rules.

Ashley, the Chairman of Newcastle United, already owns 28.5% of Blacks and was planning to take over the company, a move that seemed to be scuppered by Black’s suppliers who were reluctant to see the Chesterfield based company take control of Blacks.

The claim is that Blacks leaked the names of suppliers who had opposed the takeover and would pull out if Sports Direct succeeds.

The story continues….

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