{"id":10356,"date":"2018-12-13T13:28:43","date_gmt":"2018-12-13T13:28:43","guid":{"rendered":"http:\/\/www.fiveminutesspare.com\/news\/mike-ashley-debenhams-snubbed-my-40m-lifeline\/"},"modified":"2018-12-13T14:55:22","modified_gmt":"2018-12-13T14:55:22","slug":"debenhams-turn-down-40m-loan-from-mike-ashley","status":"publish","type":"post","link":"https:\/\/www.fiveminutesspare.com\/news\/debenhams-turn-down-40m-loan-from-mike-ashley\/","title":{"rendered":"Debenhams Turn down \u00a340m Loan from Mike Ashley"},"content":{"rendered":"<p>Sports Direct&#8217;s owner Mike Ashley has reacted rather curtly to Debenhams decision to turn down his offer of investment as can be seen from the letter below.<\/p>\n<p>&nbsp;<\/p>\n<blockquote class=\"twitter-tweet\" data-lang=\"en\">\n<p dir=\"ltr\" lang=\"en\">EXCLUSIVE: here\u2019s the letter Mike Ashley sent Debenhams boss <a href=\"https:\/\/t.co\/a0B7kxFqhY\">pic.twitter.com\/a0B7kxFqhY<\/a><\/p>\n<p>\u2014 Ashley Armstrong (@AArmstrong_says) <a href=\"https:\/\/twitter.com\/AArmstrong_says\/status\/1073166306696937473?ref_src=twsrc%5Etfw\">December 13, 2018<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>Obviously, things are not going well for any high street retailer and given that Mike Ashley owns nearly 60% of the equity it seems strange\u00a0that they are turning down a \u00a340m interest-free loan. He may be wanting more equity down the line but that could be the difference between surviving the dead zone which is January and February or adding to the misery in retail by becoming yet another high\u00a0profile casualty. The next few days could be interesting.<\/p>\n<p><a href=\"https:\/\/www.bbc.co.uk\/news\/46550155\" rel=\"nofollow\"><\/p>\n<p><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Sports Direct&#8217;s owner Mike Ashley has reacted rather curtly to Debenhams decision to turn down his offer of investment as can be seen from the letter below. &nbsp; EXCLUSIVE: here\u2019s the letter Mike Ashley sent Debenhams boss pic.twitter.com\/a0B7kxFqhY \u2014 Ashley Armstrong (@AArmstrong_says) December 13, 2018 Obviously, things are not going well for any high street&#8230;<\/p>\n","protected":false},"author":1,"featured_media":10362,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_bbp_topic_count":0,"_bbp_reply_count":0,"_bbp_total_topic_count":0,"_bbp_total_reply_count":0,"_bbp_voice_count":0,"_bbp_anonymous_reply_count":0,"_bbp_topic_count_hidden":0,"_bbp_reply_count_hidden":0,"_bbp_forum_subforum_count":0,"om_disable_all_campaigns":false,"footnotes":""},"categories":[34],"tags":[44],"class_list":["post-10356","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","tag-debenhams"],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/www.fiveminutesspare.com\/news\/wp-json\/wp\/v2\/posts\/10356","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.fiveminutesspare.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.fiveminutesspare.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.fiveminutesspare.com\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.fiveminutesspare.com\/news\/wp-json\/wp\/v2\/comments?post=10356"}],"version-history":[{"count":2,"href":"https:\/\/www.fiveminutesspare.com\/news\/wp-json\/wp\/v2\/posts\/10356\/revisions"}],"predecessor-version":[{"id":10363,"href":"https:\/\/www.fiveminutesspare.com\/news\/wp-json\/wp\/v2\/posts\/10356\/revisions\/10363"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.fiveminutesspare.com\/news\/wp-json\/wp\/v2\/media\/10362"}],"wp:attachment":[{"href":"https:\/\/www.fiveminutesspare.com\/news\/wp-json\/wp\/v2\/media?parent=10356"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.fiveminutesspare.com\/news\/wp-json\/wp\/v2\/categories?post=10356"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.fiveminutesspare.com\/news\/wp-json\/wp\/v2\/tags?post=10356"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}