The proposal is condition on him being made CEO among other things
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Sports Direct weighs £61m bid for Debenhams in return for Mike Ashley becoming bossThe bid - to stop what it calls the 'theft' of the department store by its lenders - is dependent on Mike Ashley stepping down at Sports Direct to take over Debenhams
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Sports Direct readies £61m Debenhams bidSports Direct considers making £61m buyout offer for the struggling department store chain.
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Mike Ashley considers Debenhams cash bidMike Ashley's Sports Direct said it was considering a cash offer to take over Debenhams as it fired the latest salvo in the tussle for control of the struggling department store chain.
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Debenhams says it will consider Mike Ashley takeover bidOffer will be given 'due consideration', struggling department store chain says
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Mike Ashley makes £100m move for Debenhams' Danish arm as shareholders face wipe-outDebenhams' latest restructuring efforts have once again been thrown into chaos by Mike Ashley after the Sports Direct billionaire offered to buy the department store's Danish Magazin du Nord business for £100m, in a bid to stop it launching a drastic refinancing.
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Debenhams wins time in fight against Mike Ashley coup attemptClerical error gives board until 9 May to convince shareholders to back turnaround plan
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Debenhams shareholders warned they could be wiped outShares in struggling department store Debenhams have plunged by more than 50% after it announced the next step in a refinancing plan which could see stock holders including Mike Ashley wiped out.
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Debenhams seeks £200m in new fundsThe struggling department store chain is trying to fend off overtures from Sports Direct's Mike Ashley.
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Sports Direct weighs up making £61.4m bid for DebenhamsOffer would be dependent on Mike Ashley becoming CEO and the ending of financing talks
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Giovanni Pernice: 'We're happy' Strictly pro announces BIG move with Ashley RobertsGIOVANNI PERNICE, who is a professional dancer on Strictly Come Dancing, has opened up on his future plans with girlfriend Ashley Roberts.
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