Australian retail company, Rebel Sport, is urging shareholders to accept a $52m takeover offer for the company.

The offer has come from Harvey Norman and is conditional on Harvey Norman getting more than 50 per cent of Rebel's shares.

Non-executive directors of Rebel are predicting there could be an upturn in performance in the medium term if the offer is accepted.

Rebel said Harvey Norman's offer represents a 25 per cent premium to the weighted average share price of Rebel over the six months before the offer was announced in April.