{"id":483303,"date":"2026-03-19T03:20:12","date_gmt":"2026-03-19T03:20:12","guid":{"rendered":"https:\/\/www.newsbeep.com\/uk\/483303\/"},"modified":"2026-03-19T03:20:12","modified_gmt":"2026-03-19T03:20:12","slug":"sports-direct-and-evans-cycles-owner-mike-ashley-reportedly-to-bid-to-save-frog-bikes-from-administration-cycling-news-bike-reviews","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/uk\/483303\/","title":{"rendered":"Sports Direct and Evans Cycles owner Mike Ashley reportedly to bid to save Frog Bikes from administration &#8211; Cycling News | Bike Reviews"},"content":{"rendered":"\n<p>Children\u2019s bike brand Frog Bikes could be rescued from administration by Mike Ashley\u2019s Frasers Group, according to reports.<\/p>\n<p>Frog Bikes filed to appoint administrators last month following <a href=\"https:\/\/road.cc\/news\/frog-bikes-files-to-appoint-administrators-amid-significant-challenges\" data-wpel-link=\"internal\" rel=\"nofollow noopener\" target=\"_blank\">\u201ca series of significant challenges\u201d<\/a> and two weeks later news trickled through of redundancies at the firm, which maintains a factory in Pontypool and an office in Ascot. The company\u2019s latest set of accounts, through to the end of February 2025, are also now overdue according to Companies House.<\/p>\n<p><a href=\"https:\/\/road.cc\/news\/redundancies-at-frog-bikes-after-popular-childrens-bike-brand-files-to-appoint-administrators\" data-wpel-link=\"internal\" rel=\"nofollow noopener\" target=\"_blank\">&gt; Redundancies at Frog Bikes after popular children\u2019s bike brand files to appoint administrators<\/a><\/p>\n<p>The brand, like much of the bike industry, enjoyed a boom in demand during the pandemic but subsequently blamed Brexit and rising employment costs for their financial difficulty, despite at one point <a href=\"https:\/\/road.cc\/content\/news\/government-touts-frog-bikes-post-brexit-success-story-305861\" data-wpel-link=\"internal\" rel=\"nofollow noopener\" target=\"_blank\">being touted by the Conservative government<\/a> as a post-Brexit success story. At the time of the administration filing, the Frog Bikes said it was seeking \u201ca strategic investment partner aligned with the long-term vision and values of the brand.\u201d<\/p>\n<p><img decoding=\"async\" src=\"https:\/\/www.newsbeep.com\/uk\/wp-content\/uploads\/2026\/03\/2025-Frog-Road-67-top-tube-detail-1024x683.jpg\" alt=\"2025-Frog-Road-67-top-tube-detail.jpg\"\/>2025-Frog-Road-67-top-tube-detail.jpg (Image Credit: Farrelly Atkinson)<\/p>\n<p>Sky News\u2019 <a href=\"https:\/\/news.sky.com\/story\/mark-kleinman-blog-see-the-latest-stories-from-sky-news-city-editor-13475361\" data-wpel-link=\"external\" target=\"_blank\" rel=\"external noopener noreferrer nofollow\">Mark Kleinman reports<\/a> that Frog Bikes\u2019 administrators have set a deadline of tomorrow (Thursday 19th March) for final bids to be tabled and that Frasers Group is among them, although a spokesperson for the group declined to comment.<\/p>\n<p>The move would not be the first foray into the British cycling industry for Ashley, best known for his Sports Direct brand and his former ownership of Newcastle United Football Club. Frasers Group acquired Evans Cycles in 2018, and purchased Wiggle Chain Reaction Cycles in 2024.<\/p>\n<p>The proposed acquisition would also give Frasers Group another in-house cycling brand, joining the likes of Pinnacle and Vitus which were Evans and Wiggle CRC\u2019s own product lines prior to their acquisition. However, the Frog Bikes bid, if successful, would likely result in large-scale job losses among the brand\u2019s remaining employees.<\/p>\n<p><a href=\"https:\/\/road.cc\/content\/news\/mike-ashleys-frasers-group-buys-wiggle-ps10m-307081\" data-wpel-link=\"internal\" rel=\"nofollow noopener\" target=\"_blank\">&gt; Mike Ashley\u2019s Frasers Group reportedly buys Wiggle Chain Reaction Cycles for less than \u00a310 million<\/a><\/p>\n<p>The Frasers Group\u2019s acquisition of Wiggle CRC resulted in all 447 employees losing their jobs as the brand and its stock was folded into the rest of Frasers\u2019 retail empire. Similar moves were made when <a href=\"https:\/\/road.cc\/content\/news\/probikekit-be-bought-mike-ashleys-frasers-group-301415\" data-wpel-link=\"internal\" rel=\"nofollow noopener\" target=\"_blank\">acquiring online retailer ProBikeKit<\/a> in 2023, which prioritised gaining the company\u2019s stock and intellectual property assets. Meanwhile the \u00a38 million purchase of Evans Cycles in 2018 saw all remaining employees moved onto zero-hour contracts.<\/p>\n","protected":false},"excerpt":{"rendered":"Children\u2019s bike brand Frog Bikes could be rescued from administration by Mike Ashley\u2019s Frasers Group, according to reports.&hellip;\n","protected":false},"author":2,"featured_media":483304,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[37],"tags":[4985,101,56,54,55],"class_list":["post-483303","post","type-post","status-publish","format-standard","has-post-thumbnail","category-cycling","tag-cycling","tag-sports","tag-uk","tag-united-kingdom","tag-unitedkingdom"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/posts\/483303","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/comments?post=483303"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/posts\/483303\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/media\/483304"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/media?parent=483303"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/categories?post=483303"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/tags?post=483303"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}