Get the day's biggest stories sent direct to your inbox so you never miss a thing Mike Ashley - the founder of Sports Direct and owner of a host of high-street brands - is set to step down from leading his empire, according to reports.
Currently chief Executive of Frasers Group, the billionaire tycoon is expected to reveal plans to step back from his role and become deputy chairman on Thursday (August 5), the Telegraph reports.
It said he will be replaced in the top job by 31-year-old Michael Murray, who is engaged to Mr Ashley’s daughter Anna. READ MORE: Jilted lover put ex-girlfriend's number on swingers website, tried to get her fired and said he would shoot and stab her and her mum Mr Murray is currently 'head of elevation' at the
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