Frasers Group buys DW Sports out of administration for £37m

// Frasers Group has acquired rival Dave Whelan Sports
// Mike Ashley’s retail empire paid £37m for the sports and gym business
// Frasers will spend up to £6.9m on stock from DW Sports gymsMike Ashley’s Frasers Group will spend £37 million acquiring competitor Dave Whelan Sports from its administrators.
Earlier this month Frasers was reported to have offered a £30 million bid for the former Wigan Athletic owner Dave Whelan’s DW Sports, including 73 gyms