Sports Direct International has bought a stake of 18.9 percent in Findel, a British multi-channel retailer that owns an online sports retailer, Kitbag, specializing in the sale of replica kits for major football teams. Reportedly, Findel previously refused an offer by Mike Ashley to buy Kitbag alone. It turns out now that Findel has accepted a new offer for the takeover of Kitbag from an undisclosed third party, subject to certain conditions. Findel said there is a no certainty that a deal will be reached. Findel had a pre-tax profit of £26.5 million (€35.9m-$40.2m) on sales of £481.4 million (€652.5m-$729.8m) in the financial year ended on March 27. Founded in 1962, Findel is also involved in the distribution of gift items and educational products, with a big business in the British school system.

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