UK retailer Sports Direct has refused to be drawn on reports it is looking to acquire Elverys, the oldest sports chain in Ireland.

According to a report in The Guardian, Sports Direct's Irish partner Heatons has offered to pay EUR2.5m (US$3.4m) more than a EUR10m offer from the Elverys management.

Elverys, which runs 55 stores in Ireland, was set to be placed into receivership before being acquired by a management team backed by financial firm Capnua. 

Sports Direct declined to comment when contacted by just-style.

The sports retailer has been adding to its existing brand portfolio for some time. Last year, it acquired a majority stake in outdoor clothing and equipment business Yeomans, and bought camping and outdoor brand Gelert out of administration