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Sports Direct deal examined by OFT

THE Office of Fair Trading (OFT) is to look at Sports Direct's purchase of 20 of JJB’s stores from administrators.

THE Office of Fair Trading (OFT) is to look at Sports Direct's purchase of 20 of JJB’s stores from administrators.

The competition watchdog is examining the £23.8m deal by Newcastle United owner Mike Ashley’s firm, which included buying the brand and websites.

The OFT is looking to see whether the deal has any issues when it comes to competition in the sports retail market. It has set a deadline of next Friday (November 2) for comments.

 

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