Sports Direct reveals stakes in Iconic Brand Group, Finish Line

Mike Ashley's Sports Direct disclosed two US strategic investments on Monday.

The company said it holds 5.66m shares in brand management company Iconic Brand Group, which represents a stake of 8.9%. The investment is held through contracts for difference with third parties.

It also has just under 8m shares in US athletics retail chain Finish Line, which represents a stake of 19.3%. Of this interest, 3.63m shares are owned directly, while the rest are held through contracts for difference with third parties.