Debenhams' debts suggest Mike Ashley's takeover bid won't happen | Nils Pratley

Sports Direct chief’s strategy for Debenhams would be self-defeating but offer is an exercise in distractionMike Ashley moves in mysterious ways but one can surely say this about his “possible” takeover bid for Debenhams: it’s probably not going to happen if it would involve Sports Direct becoming fully liable for Debenhams’ debts, portions of which are trading at 50p in the pound. Ashley is not running a charity for impoverished banks and bondholders.Unfortunately