Mike Ashley is now CEO of Sports Direct

Mike Ashley Sports DirectThomas ColsonMike Ashley, founder of Sports Direct.

Mike Ashley has taken over as CEO of Sports Direct, the embattled discount sports retailer he founded.

Press Association is reporting that CEO Dave Forsey is stepping down, to replaced by Ashley.

More to follow…

NOW WATCH: STIGLITZ: The Fed could more than double its inflation target

NOW WATCH: Money & Markets videos

Business Insider Emails & Alerts

Site highlights each day to your inbox.

Follow Business Insider Australia on Facebook, Twitter, LinkedIn, and Instagram.