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

0
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.

-- Advertisement --

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






LEAVE A COMMENT

Please enter your comment!
Please enter your name here