The wily U.K. retailer, which is already set to enter the U.S. market with its recent closing on Eastern Mountain Sports and Bob’s Stores, has acquired a 7.87% interest in Finish Line. In its regulatory filing, Sports Direct said the purchase was for investment purposes but could also include making suggestions to Little Foot with respect to changes in assets, business operations, capitalization or corporate structure.

Ashley has generally not been reluctant to, as one banker in the U.K. put it, “park his tank on the front lawn.” He likes to find a seriously weakened company that needs his money and ... Log in to view full article.