Newcastle owner Mike Ashley sells stake in Sports Direct for £100million

Ashley is thought to be looking to expand his retail empire. Credit: PA

Newcastle United owner Mike Ashley has raised 100 million pounds after selling a four percent stake in his company.

The move has sparked speculation over his plans for the cash haul, amid rumours that the sports retail tycoon is interested in expanding his retail empire - possibly to include collapsed fashion chain Republic.

More on this story at ITV News

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