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Mike Ashley in surprise visit to Beatties as sale draws closer

By Richard Guttridge | Wolverhampton | Business | Published:

Mike Ashley paid a surprise visit to Beatties as a deal to sell the building moved closer.

Sports Direct owner Mike Ashley

The boss of Sports Direct, which owns House of Fraser, was spotted at the troubled Wolverhampton retailer today but the reason for his visit is unclear.

A deal to sell Beatties is thought to be close after it was put on the market for just £3 million in July.

The University of Wolverhampton has tabled a bid and is waiting to hear if it has been successful.

Beatties in Wolverhampton city centre

Sources have confirmed an offer for the historic building has been accepted.

The visit of the high street tycoon has only increased speculation that an announcement on the future of Beatties will be announced soon.

Sports Direct's initial lease, agreed after Mr Ashley stepped into save it from closure last year, expired in August. There would be no place for House of Fraser if the university's offer is accepted.

Richard Guttridge

By Richard Guttridge
Investigations Editor - @RichG_star

Investigations Editor for the Express & Star.

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