Mike Ashley’s Sports Direct warehouse is tipped to be sold to a Malaysian fund for £120m

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Mike Ashley


Mike Ashley’s Sports Direct warehouse is tipped to be sold to a Malaysian fund for £120m

Mike Ashley’s Sports Direct warehouse is said to be being bought by a Malaysian fund

Mike Ashley’s Sports Direct warehouse – which became notorious when working conditions there were exposed – is being bought by a Malaysian fund, it is claimed.

The billionaire is selling the site in Shirebrook, Derbyshire, for £120 million, although his firm will stay on as a tenant for 15 years.

It is understood the buyer will be the Malaysian Employees Provident Fund, which looks after the pensions of 7 million workers.

Ashley was slammed over poor conditions for workers at the facility, with MPs on the Business Select Committee likening it to a ‘Victorian workhouse’ in 2016.

The Malaysian fund also part-owns the £9 billion Battersea Power Station redevelopment in south London.

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