Retail tycoon Mike Ashley has offered a £150m cash injection to ailing retailer Debenhams - as long as he can become its chief executive.has been embroiled in a battle for control with its boardLast week, the retailer challenged Mr Ashley to table a firm takeover offer or abandon his attempt to take control and provide funding instead.
, Sports Direct has offered to underwrite £150m of new equity funding for the retailer but only if Mr Ashley becomes chief executive and £148m of debt is written off by lenders, who include banks and hedge funds.The department store chain's financiers are considering the offer, say City sources.considering a £61.
a greasy oink-greed is good and capitalism wears the unacceptable face well.
And they need money by Tuesday. Any other takers out there? It's been dying a slow death for over 12 years!!
I will do it for only 100 million!
Mind on his money, money on his mind
And they'll say 'sod off'?
33608d jeffers line 38
I'll do it a lot less and I won't give all the staff zero hour contracts. Debenhams
Is he greedy or is he greedy 💷
Why does someone want to sink 150 million into what is basically a failing company, what is he up too?
Like making Del Boy Trotter boss of Harrods it can only go downhill!
Please no what he has done with house of Fraser is awful lots of concessions leaving massive empty spaces and more and more sports direct rubbish coming in
So everybody on zero hrs contract. Ashley is what’s wrong with this country.
Greedy
No point will close down eventually
Mike Ham.
Theresa says make it £200m and its a deal !!
Does Mike Ashley basically own most high street stores now? 🤔
Mike Ashley ruined House of Fraser in Freshney place Grimsby. Its Now a tat market.GrimsbyLive . cleepeople
Please take him!!!! nufc
I’ll do it for £149 million ..
How bout no you’re already worst manager for Newcastle United
Mike Ashley ruined House of Fraser in Freshney place Grimsby. Its Now a tat market.
Needs to see the state of the Bedford Store!
They should take the offer becuase it seems administration is likely if they don’t.
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I'll do it for £75m
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