UK retailer Sports Direct is expected to join the running for Umbro after the sportswear giant put the football wear brand up for sale last week.

The Telegraph reported yesterday that while the company declined to comment, a source close to founder Mike Ashley said there was "logic" in taking on Umbro, the Telegraph reported.

The report follows Nike's announcement last week that it plans to dispose of Umbro and casual shoe company Cole Haan to focus on its core brands.

"Divesting of Umbro and Cole Haan will allow us to focus our resources on the highest-potential opportunities for Nike Inc to continue to drive sustainable, profitable growth for our shareholders," said Nike CEO Mark Parker.