UK Government Declines to lend Money to Mike Ashley’s Fraser Group

JD Sports Manchester Credit: Mikey flickr

THE Frasers Group, whose owner Mike Ashley set up JD Sports and owns House of Fraser, Evans Cycles and Jack Wills has been refused a coronavirus loan by the British government.

It told shareholders only that it was ineligible but declined to explain why although it also advised that it has settled a €674 million dispute with the Belgian tax authority apparently making a modest payment only.

Mr Ashley is a controversial figure who also owns Newcastle United Football Club which he is reportedly trying to sell.



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