Newcastle financial results: Magpies enjoy £32m profit but chiefs admit fans won’t care April 6, 2016 Newcastle chiefs have conceded that an increase in profits to £32.4m is likely to be of little comfort to supporters contemplating possible relegation from the Premier League. The Magpies – second bottom of the table and six points from safety with seven games remaining – enjoyed a 73 per cent rise in profit for the [...]
BHS select committee: The six best moments from today’s hearing featuring the former senior team, Retail Acquisition’s management and ex-owner Dominic Chappell June 8, 2016 MPs embarked on a marathon evidence session over the collapse of BHS this morning – and it featured death threats, yachts, and countless other incredible revelations. In case you had other things to do during the four-and-a-half hour hearing, we've put together a list of the best moments from an extraordinary select committee session. [custom id="157"] 1. [...]
Gutierrez wins discrimination case against Newcastle after being dropped for developing cancer April 14, 2016 Former Newcastle United midfielder Jonas Gutierrez won his disability discrimination claim against his old club after an employment tribunal found that the Magpies had dropped the Argentine due to him developing cancer. Gutierrez was suing Newcastle, owned by billionaire Mike Ashley, after alleging that he was frozen out of the first-term picture having been diagnosed with testicular [...]
Save BHS campaigners light up London landmarks as retailer administration rumbles on May 10, 2016 Campaigners trying to rescue iconic high street retailer BHS turned some of London's landmarks red, white and blue last night, with a city-wide campaign to find a saviour for the chain. Marble Arch, Wellington Arch, Blackfriars Bridge and BHS' Marylebone head office were among the buildings lit up by campaigners with the message #SaveBHS last night. "Come on Britain," [...]
Rangers shareholders vote against immediate repayment of Mike Ashley’s £5m loan June 17, 2015 More than half of Rangers' shareholders have voted against paying back Mike Ashley's £5m immediately. The Sports Direct founder and owner of Newcastle called a meeting at Ibrox on Friday – which he did not attend personally – seeking repayment of the loan as well as an explanation for why the club had delisted from [...]
BHS was “crashed into a cliff” says top Labour MP and BIS committee chair May 2, 2016 BHS was "crashed into a cliff" by its owners, the chairman of the Business, Innovation and Skills (BIS) Committee, Iain Wright told the BBC this morning. Wright said the troubled retailer, which was placed into administration a week ago, was sold to "tried and untested people", referring to Retail Acquisitions, the consortium which bought BHS for £1 from [...]
£13m Aleksandar Mitrovic deal takes Newcastle summer transfer spend to highest level of Mike Ashley era July 21, 2015 Is Mike Ashley adopting a new approach to Newcastle United after years of mounting criticism? Read more: Newcastle to pay McClaren trophy bonus The club's much-maligned owner has already allowed £27m of its funds to be spent on new players this summer – more cash than he has ever released on transfers in an entire season [...]
Sports Direct boss Dave Forsey heads to court today March 14, 2016 Sports Direct boss Dave Forsey is heading to Chesterfield magistrates court today, over the company's handling of the USC administration. Forsey is charged with offences under the Trade Union and Labour Relations Act, which requires employers to give notice of redundancies in advance of them happening. Staff working at USC were allegedly given just 15 [...]
BHS administration: Sir Philip Green could face MP grilling over £571m pension deficit April 26, 2016 MPs are to decide tomorrow whether former BHS boss Sir Philip Green should be called in for questioning over the demise of the iconic high street name and its towering £571m pension deficit. BHS entered administration yesterday with debts of £1.3bn. The pension liabilities have been passed onto the Pension Protection Fund (PPF) – which is [...]
Rangers fans call for boycott as Mike Ashley’s Sports Direct wins EGM injunction June 11, 2015 A Rangers fans' group has called for a merchandise boycott after Mike Ashley won an injunction preventing the club's board from revealing confidential information about its retail deal with Sports Direct. Rangers shareholders will meet at Ibrox tomorrow after Ashley called an extraordinary general meeting to demand the repayment of a £5m loan. At the [...]