I just caught the back end of a news snippet - I think Ashley has opened the battle for the brands with a £50m loan for the group.Notice how he's rebranded the overall company as "Fraser" rather than Sports Direct. Bid for respectability?
A linky to Sky News re Ashley’s offer
Worth noting too that Philip Green is not the owner of Arcadia. According to Wikipedia, Arcadia is majority owned by Taveta Investments which in turn is owned by Tina Green, the wife of Sir Philip Green. Phil the Green is the Arcadia group chairman.
Unlikely he’ll be bung a wodge of wonga into the deficient pension fund this time round.