Newcastle to pay McClaren trophy bonus June 10, 2015 FORMER England manager Steve McClaren stands to pocket a significant bonus if he ends Newcastle’s 46–year wait for a major trophy, Magpies managing director Lee Charnley has revealed. McClaren completed a return to the Premier League yesterday by signing a three-year contract and, in an unusual move, taking up a seat on the board at [...]
Randy Work joins Roman Abramovich and Sir Chris Hohn with multi-million pound divorce settlement March 10, 2015 London cemented its reputation as the divorce capital of the world after a businessman was ordered to pay his ex-wife £72.3m, amounting to half his wealth. Randy Work, a former private equity executive at Lone Star, argued that his £150m fortune should be protected from ex-wife Mandy Gray as he was the “breadwinner” and because [...]
Mike Ashley sidesteps MP grilling over USC redundancies March 4, 2015 Mike Ashley is sidestepping a meeting with Scottish MPs who want to grill him over the handling of USC's administration and his retail empire's use of zero-hour contracts. The Scottish Affairs Committee has called Ashley and other executives to appear before them as part of an investigation into how the high street chain collapsed, and [...]
Oldham stall on Evans as outcry over deal grows January 5, 2015 OLDHAM chiefs last night refused to rule out the signing of former Wales striker and convicted rapist Ched Evans despite a deluge of outcry at the proposed move. The League One club said it would “conduct due diligence with regard to any decision we make on this matter”, while their manager Lee Johnson called it [...]
Mike Ashley moves to oust Rangers chief Graham Wallace after taking £4.3m stake October 8, 2014 Retail tycoon Mike Ashley has bought five per cent of Scottish football club Glasgow Rangers as part of a move to oust the chief executive and a director from the board. Ashley, who owns Newcastle United and has made a series of investments in recent weeks including buying shares in Tesco and Debenhams, took the [...]
Ashley kicks bonus into touch and shocks City July 16, 2014 SPORTS Direct founder Mike Ashley stunned the City yesterday after pulling out of a controversial £200m bonus scheme just weeks after winning investors’ support. The sporting goods giant said that after talks with the remuneration committee, Ashley told the board that he did not wish to be awarded any shares under the 2015 bonus scheme. [...]
Ashley’s Sports Direct plans on Australia launch July 14, 2014 Sports Direct is set to make its first foray into Australia through a tie-up with MySale after buying a stake in the flash sales site last month. The sports retail giant, controlled by billionaire tycoon Mike Ashley, plans to open three stores in Australia and one in New Zealand through a joint venture with MySale. [...]
Billionaire Mike Ashley offloads a £218m stake in Sports Direct April 7, 2014 SPORTS Direct founder Mike Ashley is to sell £218m of his majority stake in the retailer in the latest twist in a series of events that saw him snap up a stake in House of Fraser just days ago. Ashley is selling up to 25m shares in Sports Direct through an accelerated bookbuilding run by [...]
Crispin Odey boosts Ashley’s hopes of a £39m bonus pot December 13, 2012 CRISPIN ODEY, the influential hedge fund tycoon and Sports Direct investor, said yesterday he was fully in favour of the retailer reintroducing a bonus scheme that could hand its founder Mike Ashley a £39m windfall. Odey Asset Management is Sports Direct’s second largest shareholder after Ashley and holds a 6.58 per cent stake in the [...]
JJB Sports calls time as it hires administrators September 25, 2012 AILING retailer JJB Sports yesterday confirmed it will appoint administrators after failing to receive an offer for the entire company, putting up to 4,000 jobs at risk. Shares in the group – which were worth a total of as much as £1bn a decade ago – were suspended yesterday and remaining investors, including US tycoon [...]