Question: How much did Sports Direct pay to purchase the company that bought Sports Division in 1998?
Context: Republic was a clothing retailer with 121 stores in the United Kingdom.  In February 2013, it entered administration, and was purchased by Sports Direct.  Republic was merged into Sports Direct's USC brand. Donnay Sports is a sporting goods brand owned by the British retailer Sports Direct International.  The company was founded in 1913 by Emile Donnay and was based in Couvin, Belgium.  Donnay manufactured wooden tennis rackets from 1934, and by the 1970s was the largest manufacturer of tennis rackets in the world.  However, the company failed to adapt to the new market for graphite rackets, and entered administration in 1988.  After a succession of owners, the brand was eventually sold to Sports Direct, who continue to license the use of the brand worldwide. NCAA March Madness is the branding used for coverage of the NCAA Division I Men's Basketball Tournament that is jointly produced by CBS Sports, the sports division of the CBS television network, and Turner Sports, the sports division of the Turner Broadcasting System in the United States.  Through the agreement between CBS and Turner, which began with the 2011 tournament, games are televised on CBS, TNT, TBS and TruTV.  CBS Sports Network re-aired games from all networks. Ben Walter Hooper, born Bennie Walter Wade (October 13, 1870April 18, 1957), was an American politician who served two terms as Governor of Tennessee from 1911 to 1915.  Elected as a Fusionist candidate, he was one of just three Republicans to hold the office from the end of Reconstruction to the latter half of the 20th century.  His success was due to divisions in the state Democratic Party over prohibition; he received support from some of the party.  During his two terms, Hooper signed several prohibition laws, enacted a measure requiring mandatory school attendance, and signed a law requiring direct pay for women workers. Patrick Moylett (1878–1973) was a 20th-century Irish nationalist who, during the initial armistice negotiations to end the Irish War of Independence, briefly served as president of the Irish Republican Brotherhood during late-1920.  A successful businessman in County Mayo and County Galway, he was a close associate of Arthur Griffith and frequently traveled to London acting as a middleman between Sinn Féin and officials in the British government.  He ran a business that was used as a front to import armaments for the cause and held that many of those that became closest associates of Éamon de Valera during the civil war rift had at one time worked for the British.  Particularly that Erskine Childers despite his involvement with the Asgard (yacht) and his close association with Éamon de Valera had been in the direct pay of the Admiralty Naval Intelligence Service up till 1916 before becoming secretary to the Éamon de Valera led treaty discussions. JJB Sports plc (stylized as JJb sports) was a British sports retailer.  On 24 September 2012, shares in JJB Sports were suspended, and the firm called in administrators.  On 1 October 2012, it was announced that Sports Direct had purchased part of the business, including twenty stores, the brand, and its website for £28.3 million. Qualified School Construction Bond (QSCB) are a U.S. debt instrument created by Section 1521 of the American Recovery and Reinvestment Act of 2009.  Section 54F of the Internal Revenue code covers QSCBs.  QSCBs allow schools to borrow at a nominal zero percent rate for the rehabilitation, repair and equipping of schools.  In addition, QSCB funds can be used to purchase land on which a public school will be built.  Depending on the type of payment elected for the QSCB, tax credit or direct pay, the QSCB lender either receives a Federal tax credit in lieu of receiving an interest payment or, for direct pay QSCBs, a direct interest payment from the Federal government.  The QSCB rate is set by the IRS each day.  U.S. Treasury Qualified Tax Credit Bond Rates The rate paid by treasury on issued bonds is fixed based on the published rate at the time of issue.  However, the direct payments are currently subject to a discount on the published rate of payment as a result of the automatic spending cuts required by the 2011 Budget Control Act, P.L. 112-25.  The IRS publishes the discount rate applied to QSCB direct pay bonds annually, as of October 2104 it increased to 7.3% (prior year rate was 7.2%). Sports Division was one of the biggest sports retailers in the United Kingdom during the 1990s.  In July 1998, it was sold to its main competitor, JJB Sports for approximately £295m. Matra Company's sports division under the name of Matra Sports, Equipe Matra Elf and Equipe Matra Sports (after a takeover by Simca in 1969 as Matra-Simca Division Automobile) was formed in 1965 and based at Champagne-sur-Seine (1965–1967), Romorantin-Lanthenay (1967–1969) and Vélizy-Villacoublay (1969–1979).  In 1979 the sports division was taken over by Peugeot and renamed as Automobiles Talbot. ESPN on ABC (known as ABC Sports from 1961 to 2006) is the brand used for sports event and documentary programming televised on the American Broadcasting Company (ABC) in the United States.  Officially, the broadcast network retains its own sports division; however, for all practical purposes, ABC's sports division has been merged into ESPN Inc., the parent subsidiary of cable sports network ESPN that is majority owned by ABC's corporate parent, The Walt Disney Company, in partnership with the Hearst Corporation.
Answer: £28.3 million