Sports Direct allegations leads to shopper snubs on the High Street – Brand Index May 5, 2015 With sales booming and a healthy share price reflecting their success, everything on the surface looks rosy for retail giant Sports Direct. However, a Channel 4 Dispatches programme aired last week made allegations of a far more salacious nature. Workers on controversial zero-hours contracts were said to be shamed over a tannoy system for a [...]
Rangers’ finances “more positive” but club must increase season ticket sales and focus on youth June 2, 2015 Rangers' miserable 6-1 reversal to Motherwell on Sunday means the Glasgow giants have failed to win promotion for first time since the new Rangers company re-started life in the third division in 2012, and will play outside of the Scottish Premier League for at least another season. Read more: Four things you need to know from [...]
Newcastle United score record £19m profit thanks to TV income and new sponsorship deals March 30, 2015 Newcastle United yesterday reported record profits of £18.7m last season – but its debt in the form of an interest-free loan from owner Mike Ashley remained static at £129m. The Premier League club put the profit down to increases in TV income and new sponsorship deals. The Magpies announced a recorded profit for the fourth [...]
Premier League: Kane told to buy team-mates dinner after landmark 30th goal April 19, 2015 NEWCASTLE UNITED 1 TOTTENHAM HOTSPUR 3 TOTTENHAM manager Mauricio Pochettino hailed striker Harry Kane after the England newcomer yesterday became the first Spurs player to score 30 goals in a season since Gary Lineker in 1992. Kane’s late clincher saw off Newcastle, after Nacer Chadli’s opener for the visitors was cancelled out by Jack Colback, [...]
Rangers: Four things you need to know from the club’s financial results April 1, 2015 British football's most turbulent club Rangers released their financial results yesterday, and predictably there were new revelations to discuss and more facts to depress fans. The future is looking slightly more rosy with a more popular board at the helm, but there remains an awful lot of fixing up to do if Rangers are going [...]
Mike Ashley’s Sports Direct looking for a retail hookup with Mysale June 18, 2014 Retail giants Mike Ashley and Sir Philip Green are set to team up after Ashley’s Sports Direct swooped for a 4.8 per cent stake in Australian fashion website MySale, in which Green holds a 25 per cent stake. Sports Direct said the move could help it boost its presence in Australasia and Asia, where MySale [...]
Mike Ashley’s Sports Direct swoops on MySale stock June 18, 2014 Mike Ashley’s Sports Direct yesterday snapped up a 4.8 per cent stake in online fashion site MySale just a day after a pricing error caused shares to tank on its stock market debut. MySale plunged 27 per cent on Tuesday after the share price was listed as 2.26p instead of 226p, leading trading programmes to [...]
Rangers FC shareholders vote on club’s future at EGM called by Dave King March 6, 2015 Rangers’ shareholders have voted on a resolution to oust the football club's board at a highly anticipated extraordinary general meeting (EGM) today. Dave King, the South African businessman who holds a 14.5 per cent stake in the club, called the EGM to gain control of the board and unseat its four members allied with Sports [...]
Sports Direct launches third attempt for Mike Ashley bonus June 9, 2014 Sports Direct is initiating a third attempt to award founder Mike Ashley a bonus, after two previous attempts failed due to shareholder opposition. The 2015 bonus share scheme provides for the grant of no-cost options of up to 25m ordinary shares in the company to 3,000 employees, including Ashley. The scheme could be worth £200m. However, [...]
Rangers FC EGM result: Shareholders vote overwhlmingly in favour of board’s removal to bring in Dave King March 6, 2015 Rangers shareholders have voted overwhelmingly in favour of the removal of the football club's current board, handing victory in the long-running boardroom battle to shareholder Dave King. Chief executive Derek Llambias and finance director Barry Leach have been voted out with just under 85 per cent of shareholder support. They have been replaced by South [...]