Newcastle United owner Mike Ashley has made £106 million after selling a 2.7% stake in his Sports Direct business.
It comes less than a year after he raised £100 million by offloading a 4% holding.
– Independent retail analyst Nick Bubb
"There was a lot of fuss about him cashing in, but these moves only help to improve liquidity over time and the sale yesterday... seems to have been taken more calmly."
The sale was announced after Sports Direct reported yet more strong trading figures, with a 15.1% sales surge in the nine weeks to September 29.
Mr Ashley still has a 61.7% holding in Sports Direct.