Ashley Sacks The Whole Lot!

Last updated : 02 October 2018 By Footy Mad - Editor

The entire management team of House of Fraser have been axed after the takeover by Sports Direct.

The company, headed up by Newcastle United owner Mike Ashley, has dismissed the directors and senior management of the parent firm of the historic Birmingham store.

This comes after Sports Direct bought the company out of administration for £90 million, reports the Daily Record .

Meanwhile, mystery surrounds the future of the former Rackhams store in Birmingham city centre.

In a one-sentence announcement to the London Stock Exchange, Sports Direct said: "Following the collapse of House of Fraser on August 10 2018, and subsequent calls for an investigation into the circumstances of that collapse, the Company today announces that we have dismissed the former Directors and senior management of House of Fraser."