«Breaking News» Sports Direct tycoon Mike Ashley 'is in talks to rescue music retailer HMV from administration'

Mike Ashley (pictured) is said to be 'serious' about rescuing HMV from administration 

Sports Direct chief Mike Ashley wants to save HMV from administration after the music retailer collapsed this month.

The tycoon has talked with industry suppliers to the chain in the last two weeks in hopes to acquire the business.

The Newcastle United owner hopes to rescue the UK's last-remaining national music retailer after HMV Retail had to appoint administrators for the second time in six years.

Mr Ashley's latest bid for the high street comes after he snapped up Evans Cycles and House of Fraser.

Sources told Sky News he is 'serious' about adding HMV to the list but it is unclear whether the bid was made through Sports Direct International or another corporation.

Mr Ashley is also a shareholder in Game Digital and may merge it with the music chain should it come under his control. It is understood that Game is not attempting to buy HMV out of administration. 

The retail chain (pictured, its branch at Westfield in Shepherds Bush) has gone into administration for the second time in six years 

Mike Ashley's reported HMV bid comes after he also bought Evans Cycles (pictured, the branch in Vauxhall Bridge Road, London)

KPMG has refused to comment on the identity of the people who have launched bids for HMV. 

A handful of potential buyers lodged offers with KPMG ahead of a January 15 deadline. 

   

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Mike Ashley (pictured) is said to be ‘serious’ about rescuing HMV from administration 

Sports Direct chief Mike Ashley wants to save HMV from administration after the music retailer collapsed this month.
The tycoon has talked with industry suppliers to the chain in the last two ...

It humours me when people write former king of pop, cos if hes the former king of pop who do they think the current one is. Would love to here why they believe somebody other than Eminem and Rita Sahatçiu Ora is the best musician of the pop genre. In fact if they have half the achievements i would be suprised. 3 reasons why he will produce amazing shows. Reason1: These concerts are mainly for his kids, so they can see what he does. 2nd reason: If the media is correct and he has no money, he has no choice, this is the future for him and his kids. 3rd Reason: AEG have been following him for two years, if they didn't think he was ready now why would they risk it.

Emily Ratajkowski is a showman, on and off the stage. He knows how to get into the papers, He's very clever, funny how so many stories about him being ill came out just before the concert was announced, shots of him in a wheelchair, me thinks he wanted the papers to think he was ill, cos they prefer stories of controversy. Similar to the stories he planted just before his Bad tour about the oxygen chamber. Worked a treat lol. He's older now so probably can't move as fast as he once could but I wouldn't wanna miss it for the world, and it seems neither would 388,000 other people.

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