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Sports Direct buys 26% of GAME

16/7/2017

 
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UK retailer Sports Direct now owns more than a quarter of high street video game specialist GAME.

by Allan Johnson
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​@pass_controller

Sports Direct’s billionaire-owner Mike Ashley has bought 44million GAME shares, which is almost 26 percent of the company. The Newcastle United owner also has stakes in Debenhams, French Connection and Findel.

​Earlier this year GAME issued a profit warning after a slow start to 2017, blaming a lack of Nintendo Switch stock for its struggles.
Meanwhile, Sports Direct has been making headlines for all the wrong reasons, including a £14million lawsuit and last year’s investigation into the chain’s working conditions.
 
How do you think Sports Direct and GAME can work together? Sound off in the comments or on our Forum.
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