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The Latest Breaking News from Mike Ashley

Debenhams boss could receive almost £150m bonus without vote if shares soar

It comes amid a bitter dispute between the leadership of Debenhams and significant shareholder Mike Ashley.

Evening Standard

Mike Ashley prepares to enter fight for Sheffield Wednesday with £10m bid

The former Newcastle owner has entered bidding process for Championship club which was put into administration by Dejphon Chansiri last month

The Guardian - UK

Frasers lowers goal for new bonus plan after boss misses £100m payout target

The Sports Direct owner revealed proposals for a new five-year bonus scheme with a lowered share price target, from £15 to £12.

Evening Standard

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Boohoo founder should be investigated over debt collection, says Mike Ashley

Mr Ashley’s Frasers Group – which owns an almost 29% stake in Boohoo – said it had ‘very serious concerns’ over reports about Mahmud Kamani’s conduct.

Evening Standard

Major UK PC retailer, Ebuyer, bought out of administration by notorious backer — PC component listings mostly nuked in favor of furniture, garish iPhone cases, and air fryers as Frasers Group takes the helm

Long-time PC and component retail website, Ebuyer, has been bought out by Frasers Group, which owns House of Fraser, Game, and Jack Wills, among other companies.

Tom’s Hardware

Alexander Isak, the final boss of this summer’s transfer window

In today’s Football Daily: Plenty of transfer parlance

The Guardian - UK

What new Ibrox chairman Andrew Cavenagh said as he addressed Rangers fans at EGM

New Rangers chairman Andrew Cavenagh addressed fans of the Ibrox club for the first time at an Extraordinary General Meeting in Glasgow today.

The National (Scotland)

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Mike Ashley’s Fraser Group withdraws Revolution Beauty takeover bid

The beauty brand has faced significant challenges, with its shares recently plummeting to an all-time low amid tumbling sales

The Independent UK

Frasers pulls out of bidding for Revolution Beauty after mulling takeover

Frasers, the retail giant which owns Sports Direct and Flannels, said it ‘now confirms that it does not intend to make an offer’ to buy the business.

Evening Standard

Frasers Group considers takeover deal for Revolution Beauty

Mike Ashley’s retail giant ‘is one of a number of parties conducting due diligence’ on the business.

Evening Standard

‘Nepo babies should be doing stuff like this’: are rich people ruining or reviving UK club culture?

London’s underground dance scene is increasingly funded by inherited wealth. From Mike Ashley’s son to a Tetra Pak heir, moneyed promoters explain their motivations

The Guardian - UK

Boohoo to rebrand as Debenhams despite Frasers Group’s vote to block it

Shareholder meeting turned into latest episode in battle between fashion retailer and Mike Ashley’s retail empire

The Guardian - UK

What next for Mike Ashley’s patchwork retail empire?

The tycoon’s Frasers Group faces a tricky next chapter after decades of relentless deal-making

The Guardian - UK

Eddie Howe holds emotion as he seeks to end Newcastle’s 70-year drought

The 1955 FA Cup was Newcastle’s last domestic trophy but Sunday’s Carabao Cup final against Liverpool is a chance for glory

The Guardian - UK

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The Independent UK

Toy firm Hornby unveils plans to go private

The Scalextric and model train firm said it plans to re-register as a private company to help with its ongoing overhaul.

The Independent UK

Contrasting 50-year paths lead Liverpool and Newcastle to Wembley reunion

The Magpies have not won a major domestic trophy since 1955.

The Guardian - UK

Boohoo rebrands as Debenhams amid drop in youth labels’ sales

Chief executive says sales figures are down by more than a fifth but its brands still carry ‘significant potential’

The National (Scotland)

Halliday makes 'wrong side of history' Rangers claim, talks fractured relationships

Andy Halliday reckons the relationship between Rangers supporters and the club hasn't been this fractured for "a long time".

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Evening Standard

Hornby cheers festive trading boost as it attracts new customers

Hornby said sales lifted 7% in the quarter to December 31, with 23% revenue growth for December alone.

Evening Standard

Boohoo sells London office in Soho for £49.5m to pay off debts

The online fashion firm told shareholders it had sold the site on Great Pulteney Street in Soho to property fund Global Holdings UK

The Independent UK

Boohoo sells London office for £49.5m to pay off debts

The online fashion firm told shareholders it had sold the site on Great Pulteney Street in Soho to property fund Global Holdings UK.

Evening Standard

Wall Street stocks rally at end of choppy week for global markets

It was a mixed session for global stocks as investors continue to digest key economic releases and central bank signals.

The Guardian - UK

Boohoo shareholders vote to block Mike Ashley from joining board

Chair hails ‘resounding vote of confidence’ as investors reject Sports Direct founder and his associate Mike Lennon

Evening Standard

Boohoo shareholders deny Mike Ashley seat on board after boardroom battle

Frasers Group, which owns a 27% stake in Boohoo, had urged investors to appoint Mr Ashley and restructuring expert Mike Lennon.

Evening Standard

Boohoo says Frasers Group can have seat on board – but not Mike Ashley

Boohoo chair Tim Morris said Mr Ashley is ‘not appropriate’ for a board seat because of ‘obvious conflict points’.

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