Bid wrangle turns nasty

Ashley says Debenhams’ advisers should be in prison

Mike Ashley

Mike Ashley: call for ‘justice’

Retail tycoon Mike Ashley has responded unequivocally to the snub from Debenhams’ for his suggested takeover terms by saying the advisers ought to be jailed.

Debenhams today agreed a £200m refinancing lifeline with lenders which, it said,  “provides reassurance for Debenhams’ employees, pension holders, suppliers, lenders and other stakeholders”.

Mike Ashley’s Sports Direct has been trying to seize control of Debenhams and install Mr Ashley as chief executive. The refinancing deal leaves the door open for Sports Direct to make a possible £61m bid, though it was looking less likely.

This morning he issued a statement about the bondholders agreement which said: “Now the results of the vote are known and we have also been subsequently advised that the supportive HSBC are no longer part of Debenhams RCF, I think that if there were any justice in the world the majority of the advisors would be put in prison.”


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