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) Sign up to our newsletter for daily updates and breaking news straight to your inboxInvalid EmailSomething went wrong, please try again later. Sign up here! We use your sign-up to provide content in ways you've consented to and to improve our understanding of you. This may include adverts from us and 3rd parties based on our understanding. You can unsubscribe at any time.More info