HMV's flagship Oxford Street store sold to Sports Direct

Financially-troubled music chain, HMV have been forced to sell their biggest London store to athletics apparel retaillers Sports Direct.

The company, owned by Newcastle United chairman Mike Ashley, have reportedly bought the property at 150 Oxford Street for somewhere between £2-5 million. It was previously the biggest record store in the world.

HMV initially went into administration back in January, with several stores shutting and many losing their jobs. They were rescued by financial restructuring group Hilco and are currently in the process of transition between proper owners.

[via NME]