this post was submitted on 24 Jun 2024
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Mike Ashley didn't actually want a game shop, he wanted people spending £70 on each football/COD release, then buying that season's team strip on the way out of the shop.
Ashley wants two main things out of his purchases, the brand name to slap on a web store with any head start it can give into running a business in that sector, and the retail space. Any decent retail space he wants to flip into residential property while stripping any fixtures and fittings of any value, anything else will be gone or rebooted into the lowest common denominator for that area.
Does he also do that thing where people buy out a company using debt loaded onto the company they're buying?
Pretty sure he pays cash or close to it rather than a traditional leveraged buy out. He normally only buys struggling or collapsed brands he can get cheap like Wiggle.