Ex-nightclub promoter who met Mike Ashley's daughter on holiday is set to take over retail empire dailymail.co.uk - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from dailymail.co.uk Daily Mail and Mail on Sunday newspapers.
Sports Direct s Mike Ashley to hand reins to future son-in-law
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image sourcePA Media
image captionMike Ashley s Frasers Group owns Sports Direct, House of Fraser, and several other retail brands
Sports Direct founder Mike Ashley is to step down from leading his retail empire and hand the reins to his future son-in-law.
The board of Frasers Group, which also owns House of Fraser, said talks were under way for Michael Murray, 31, to succeed the billionaire on 1 May 2022.
The move would see Mr Ashley step down as chief executive but remain on the board as an executive director.
Mr Ashley founded Sports Direct in 1982 and retains 64% of the group.
Mike Ashley âset to step downâ as boss of Sports Directâs parent company
The tycoon is expected to reveal plans to step back from his role as chief executive of Frasers Group
Mike Ashley (Image: Kirsty O Connor/PA Wire)
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Former Rangers shareholder Mike Ashley to step down as Sports Direct boss
The tycoon is expected to reveal plans to step back from leading his retail empire and hand the reins to his prospective son-in-law the Telegraph has reported.
Mike Ashley (Image: Carl Court/Getty Images)
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Mike Ashley set to step down as Sports Direct boss, according to reports
The retail tycoon is reported to be preparing to hand the day-to-day running of Frasers Group to prospective son-in-law Michael Murray
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