By Marcus Leach

Sports Direct have confirmed that they have withdrawn all interest in buying Blacks Leisure.

Blacks, the struggling outdoor goods retailer, was put up for sale in December, with Sports Direct showing an instant interest to buy them out.

Sports Direct already own a 22.5% share in Blacks, who have seen their shares plummet by 95% since the start of the year.

Mike Ashley, the majority shareholder in Sports Direct, has confirmed that they will not be making a hid for Blacks.

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