At the close: FTSE 100 index closes down on Sports Direct, Old Mutual December 10, 2015 The FTSE 100 index slid in Thursday's trading despite gains by Glencore as both Sports Direct and Old Mutual tumbled. The index closed 0.63 per cent down at 6,088 points. Sports Direct slumped after Mike Ashley's retailer posted underwhelming first half results and the company was criticised for staff working conditions. Group revenue ticking up 0.1 per cent to £1.43bn, [...]
Sports Direct swoops in on Heatons parent company Warrnambool October 7, 2015 Sports Direct is swooping in on the parent company of Irish retailer Heaton, taking a majority stake in the business and looking to buy the remaining shareholders out. The Mike Ashley-owned business is acquiring minority shareholder Sandra Minor's holding in Warrnambool, on top of its current 50 per cent stake in the business. The business [...]
Mike Ashley’s Sports Direct faces legal challenge over claims sacked USC staff were given 15 minute warning February 9, 2015 Former USC staff who were made redundant when the fast fashion business was put into administration are taking legal action, claiming they received just 15 minutes' consultation over the job losses. The chain, which is owned by Mike Ashley's Sports Direct, was put into administration last month and bought out just a few days later [...]
Rangers chairman Dave King defends £7.5m annual loss November 4, 2015 Rangers chairman Dave King insists a £7.5m loss revealed in the club's annual accounts does not reflect improvements made by the consortium that took control in March. The leaders of the Scottish Championship revealed that the company requires "up to £2.5m by way of debt or equity funding" by the end of the season to meet [...]
Newcastle named the 19th richest club in the world – but how much of Mike Ashley’s money goes on transfers? January 22, 2015 Newcastle United are the 19th richest football club on the planet. In an era in which St. James’ Park has become synonymous with fan discontent, that seems tough to believe. Yet according to Deloitte’s Football Money League for the 2013/14 season, the north east club made more cash than European giants such as Roma, [...]
Sport Comment: Mike Ashley taking the biscuit in rations row December 18, 2014 MIKE Ashley may not – on the face of it – have much in common with Marie Antoinette, but he is similarly distanced from the reality of the eating habits of the common people. The Newcastle United owner and vastly wealthy Sports Direct founder has allowed his spiky relationship with the media at St James’ [...]
Sports Direct share price tumbles after Mike Ashley sells three per cent stake January 21, 2015 Sports Direct shares have fallen over five per cent in this morning's trading after Goldman Sachs revealed yesterday that it was selling a 2.57 per cent stake on behalf of company founder Mike Ashley. Ashley’s holding in the UK’s biggest sports retailer has been cut down to 55 per cent following the placing of 15.4m [...]
Newcastle United owner Mike Ashley to raise £117m from Sports Direct share sale January 20, 2015 Goldman Sachs is selling up to 15.4m ordinary shares in sports retailer Sports Direct on behalf of founder and deputy executive Mike Ashley. In a statement the investment bank said it would immediately start selling the shares by way of an accelerated bookbuild to institutional investors. At today’s closing price of 751p per [...]
Best Black Friday 2015 UK deals on sportswear, gear and trainers from JD Sports, Sports Direct, SportsShoes.com, Decathlon, Pro:Direct and others November 26, 2015 The frenzied sales of Black Friday have become synonymous with crazed customers fighting over cut-price HD TVs amid shopping aisle stampedes – but it doesn't have to be so stressful. In fact, avoid going out altogether and instead of a new screen to give your eyes a good glazing, order some sportswear to get you off [...]
Mike Ashley’s influence at Rangers grows as Derek Llambias appointed chief executive December 19, 2014 Just days after the Scottish Football Association served Rangers with complaints over Mike Ashley’s influence at the club, Derek Llambias, a long-standing acquaintance of the Newcastle United owner, has been appointed chief executive. Why it’s interesting Mike Ashley, the reviled owner of Newcastle United, has an agreement with the Scottish Football Association not to increase [...]