The families of John Wardle and David Makin, founders of JD Sports, are reported by The Sunday Times to be offering the sale of a 40 percent stake in Footasylum for £40 million (€44.8m-$51.4m). The chain operates 58 physical stores in the U.K., plus a web shop. Footasylum reported a pre-tax profit of £3.5 million (€3.9m-$4.5m) on sales of £110.4 million (€123.7m-$141.8m) for the financial year through February 2016. Wardle, a former chairman of the Manchester City football club, and Makin started Footasylum in 2005. The stores sell the sports fashion offerings of brands like Adidas, Nike, New Balance, Reebok and Vans.

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