Mike Ashley was said yesterday to be in talks to launch a rescue bid for HMV, the bankrupt music retailer.
Ashley is one of the biggest names on the high street, as the leading shareholder in Sports Direct and with interests in House of Fraser and Evans Cycles, both of which entered insolvency situations recently, as well as his stalking of Debenhams.
He was reported to be working with music industry figures on an offer for all or part of HMV.