Back in March, it was revealed that struggling fitness company LA Fitness was to sell off some of its gyms in a major restructuring of its business. You can read more here.
Now it would appear that Mike Ashley, founder and owner of retailer Sports Direct has made moves to secure the leases on on approx 30 LA Fitness gyms. This would add fitness facilities to his portfolio comprising the sports retailing giant, and ownership of well-known sports brands Dunlop and Slazenger.
The deal is yet to be done but sounds like he is serious about its acquisition. It has not yet been revealed how much Mr Ashley is to pay for the 30 gyms, and Sports Direct have refused to comment.
You can read the full story from Sky News here.
We await developments with interest.