Ashley attended a meeting at the Cheshire home of David Hughes, the chairman of now bankrupt rival Allsports. [39], After the club's relegation, Ashley struggled to find a buyer capable of providing proof of funds to purchase Newcastle United throughout August and September 2009, local businessman Barry Moat was reported to have opened negotiation talks with Ashley. Both properties are in Linda's name, as is a cliff-top home in Majorca. Mike is also a keen gambler. It would be wonderful for a wedding. That is what I am now trying to do. [60], In October 2014, Ashley owned an 8.92% stake in Rangers International Football Club (RIFC), the parent company of Scottish football club Rangers. [68] In June 2019, The Times reported that Ashley placed a 52 million bid to buy the company. The Frasers board told investors that a pay and bonus deal is being drawn up on the basis that Michael will become CEO. There will be an open-air nightclub for guests.. Ashley Furniture HomeStore. Ashley's popularity increased further with the return of Kevin Keegan as manager on 16 January 2008,[30] to replace the previous regime's relatively unpopular choice Sam Allardyce. The 26-year-old is still listed as a shareholder in a party promotion business, TM Bars Limited, which he set up with Mr Mullins. 'Our story is one of hope': Conjoined twins who made history as first EVER pair survive to separation As Charles Bronson faces a parole hearing on Monday Will Britain's most violent prisoner soon be painting Is this Britain's most despicable man? A friend told MailOnline he believes the couple are back together after years of separation - often living apart during the week but spending the weekends together. Mrs Ashley has a lavish seven-bedroom house and two properties for staff boasting a further four bedrooms. The chairman of Sports Direct has criticised MPs, trades unions and the media for waging a campaign against the business as the retailer reported a 57% drop in first-half profits. Facebook gives people the power to share and makes the world more. Michael Murray to lead UK and international property team of the controversial sporting retail company. She appears to have a similar sense of humour to her gruff father, beibg photographed recently in a pink frock accessorised with a sash saying 'Miss F***ing World'. [64] On 23 June 2017, Ashley sold his entire Rangers shareholding to Club 1872 and Julian Wolhardt. The couple have recently got back together after splitting in 2003. Friends say Ashley adores her and always has. An apparent anomaly with the fans was Ashley choosing 'Smith 17' as the number of his shirt, after a squad player Alan Smith he admired and 17 being a lucky number for him. Oscar Cainer tells all. John Ashley received an annual 150,000 salary . Mom who lost both sons to fentanyl blasts laughing Biden, Missing hiker buried under snow forces arm out to wave to helicopter, Pavement where disabled woman gestured at cyclist before fatal crash, Isabel Oakeshott receives 'menacing' message from Matt Hancock, Pro-Ukrainian drone lands on Russian spy planes exposing location, 'Buster is next!' The retailer is ready to commit 250m towards buying new sites, particularly in south-east of England, and rolling out the new stores. The group has also struck a deal with beauty company Double Take run by Mr Ashley's youngest daughter Matilda, 20, which could bag her millions. The maximum Murray can be paid is 25% of the increased value. The lodge, which the children adored when they were young, was a gift from her parents. The boyfriend of Mike Ashleys daughter is in line for a multimillion-pound payout from the billionaires Sports Direct empire, after the company revealed that he will head a property division with a 250m war chest. If you click on them we may earn a small commission. The company controls 443m of property, plant and equipment. By They had split up and then they got back together some years ago. Were mortgage rates below 4% a flash in the pan? Revealed: how Sports Direct effectively pays below minimum wage, Original reporting and incisive analysis, direct from the Guardian every morning. 10 miles. His eldest, Anna, is a property developer who also sits on the board of her dad's company Frasers Group - parent. Oscar Cainer tells all. But Sports Direct has had lots of chances to get its house in order and is paying the price today for failing to really overhaul its corporate governance. ", "Rich List 2019: profiles 53-100, featuring Mike Ashley and Bernie Ecclestone", "Mike Ashley to step down as chief of Sports Direct owner Frasers Group", "Mike Ashley, the maverick who changed face of UK sports retail", "Sports World International sales climb 45pc and knock JJB off top spot", "The Times UK News, World News and Opinion", "MPDClick: Kangol sold to sports empire (UK)". Matilda is Ashley's youngest daughter. Sign up for notifications from Insider! Last week, Sports Direct bowed to growing pressure over its employment practices and announced it would increase the pay of thousands of staff on the minimum wage by 15p an hour. Michael Murray, engaged to Mike Ashley's daughter Anna, is currently head of elevation at Frasers Group. It is unclear exactly when Murray began working for her father. However, there is a limit to his frugality: Mr Ashley has a helicopter to fly between his mansion and the office. What is his net worth? Mr Murray also hosted his first music festival last July with his business partner and friend from university, Toby Mullins. His family enjoys all the trappings of his vast wealth, and it appears he may be an old romantic too because he has always 'adored' his ex-wife. His own son, Ollie, is said to have done a short stint of work at Sports Direct. They separated in 2010 Simon now lives in a 3.5 million home in London and Tyler, 12, is thought to live with his mother. : 'Shy and quiet' company stalwart who rose through the ranks", "Mike Ashley says he will not sell Newcastle United until he has won trophy", "Mike Ashley 'regrets' buying Newcastle but remains 'wedded' to club", "Sunderland safe after Lamine Kon double sinks crumbling Everton", "Newcastle United takeover deal worth 300m close", "Newcastle takeover: Full statement from PIF, Amanda Staveley and Reuben Brothers as proposed bid fails", "Newcastle hire lawyers in dispute with Premier League over failed Saudi-led takeover", "Newcastle take Premier League to competition tribunal over takeover collapse", "Newcastle owner Mike Ashley takes Rangers stake to almost 9%", "SFA rejects Mike Ashley's Rangers stake increase request", "Rangers: Fans protest against board at Ibrox Stadium", "Rangers: Mike Ashley seeks security over Ibrox for 10m loan", "Newcastle owner Mike Ashley sells entire Rangers shareholding", "Retail tycoon Mike Ashley buys CBS Arena for 17m", "Former Newcastle United owner Mike Ashley makes Coventry City stadium U-turn", "Mike Ashley bounces back with 52m bid for Game Digital", "Mike Ashley bags another prize asset in Mulberry", "Mike Ashley's Frasers Group buys fitness chain DW Sports", "Mike Ashley buys long-time rival's sports business", "How Mike Ashley became the new emperor of the high street", https://en.wikipedia.org/w/index.php?title=Mike_Ashley_(businessman)&oldid=1135841698, This page was last edited on 27 January 2023, at 05:12. But Linda, a glamorous property developer and interior designer, is certainly making the most of her husbands bulging wallet. The business became a limited liability company in 1999. Michael isn't on the payroll but has taken home more than 15million in fees in the last four years. Profits at Mike Ashleys Sports Direct fell by 57% in the first half of the year after pounds collapse following the Brexit vote. He has amassed an enormous retail . On 31 January 2010, the BBC North East and Cumbria produced a 30-minute documentary detailing Mike Ashley's business successes and lows. Brayshaw has more than 30 years experience with firms such as Barclays Capital, HSBC, Citigroup and glass manufacturer Pilkington and said he was delighted to be joining the board of one of the UKs most dynamic companies. His eldest, Anna, is a property developer who also sits on the board of her dad's company Frasers Group - parent. Anna and her boyfriend Michael Murray have set up home together in a 10.7 million house in London's exclusive Belgravia. 3839 Emery St Suite 300, Emeryville, CA 94608. According to reports, Matilda is also the proud owner of a top-of-the-range 130,000 horsebox, complete with DVD player, to transport horses she rides at a 800-a-month livery stables in. Britain's most gridlocked roads revealed: London tops list with drivers losing a total of 156 hours stuck in Housing market seeing signs of life after grinding to a halt last year, according to online estate agent Rightmove. After their 2003 divorce, Linda started a relationship with Simon Brodin, 44, a wealthy London businessman whose past girlfriends include a string of pop stars. But fast forward 30 years and Mike, the tycoon who founded Sports Direct and owns Newcastle United football club, has become a notorious and highly controversial figure while raking in vast amounts of money from his myriad businesses. Prince Andrew has 'offered to manage prestigious Royal estates including Balmoral but King Charles has told PLATELL'S PEOPLE: Yes, Madonna toyboys are fun but not if you value your dignity. He was formerly the owner of Newcastle United football club, having bought it for 135million in 2007 until selling the club in October 2021. Few, however, have managed it with quite such aplomb as Murray, 26, who has been dating Anna since 2011. According to friends, he enjoys sports, eating at Nandos and watching football, including Newcastle United, which is owned by Mr Ashley. Ashley founded Sports Direct in 1982 when he was 18 , and today owns over 60% of the group that has grown to some 769 stores across 25 countries. But he has now set up a London-based online radio station. [28] 100% acquisition was achieved in July with Ashley paying a total of around 134million to buy the club. Oliver Parry, senior corporate governance adviser at the IoD, said: Although it is ultimately up to each individual company to determine who they appoint to executive roles, shareholders will rightly be concerned about the appointment process surrounding Michael Murray, as well as how he will be remunerated. In 1996, having expanded to 50 outlets, the firm was rebranded as Sports Soccer and acquired the Donnay brand. He is at risk of being categorised as a de facto or shadow director under existing guidelines, making him subject to the same duties and liabilities as Sports Directs board. Since then the company has been forced to pay 1m in back pay to staff and offer more staff guaranteed working hours. Even worse, many such slurs aren't from men but 'I couldn't do it without you': Victoria Beckham poses with her whole family after her PFW show - as she Brooklyn Beckham puts on a loved-up display with wife Nicola Peltz as they head back to hotel after Cruz Beckham supports his mother Victoria as he carrying his very own VB handbag on the way to her show Like father, like daughter! The couple previously lived in a nearby three-storey mews house, which was bought by Mr Ashley's youngest daughter, Matilda, for 5.1m four months ago. Market Report: Sports World owner grabs stake in John David, "Personal finance How to grow your wealth and spend less money", "Mike Ashley wins high court battle over '15m pub deal', "Sports Direct U-turns on opening after backlash", "Billionaire Ashley launches Newcastle takeover", "Premier League side Newcastle re-appoint Kevin Keegan as their new manager", "Premier League Magpies warned after Keegan exit", "Newcastle United ordered to pay Kevin Keegan 2million in damages", "Boss Chris Hughton sacked by Newcastle United", "Chris Hughton not treated 'decently' by Mike Ashley Lord Alan Sugar", "Derek Llambias resigns as managing director of Newcastle United", "Lee Charnley Appointed Managing Director", "Who is Lee Charnley? Mr Ashley's wife and children have the run of the family's private property portfolio, including a seven-bedroom mansion in North London. This, too, was conveniently (if a little bizarrely) located on the same road as the family home and Mikes pad in leafy North London, where neighbours include Arsenal manager Arsene Wenger and members of boyband One Direction. Ashley said: The last six months have been tough for our people and performance. Matilda launched her Double Take firm in 2015. It also has a cinema, family room, entertaining area, gym, games room with bowling alley, spa and sauna, and even a private golf course in the garden. Mr Ashley once presenting his wife Linda with a stunning Aston Martin DB4. 'But it is classic entrepreneur behaviour: if they don't have a son who wants to take over, they turn to the son-in-law.'. Sarah Wilson, chief executive of Manifest, the shareholder representative group, said related party transactions between directors and their associates were a hot topic for investors, although Sports Direct is not thought to consider the agreement with Murray as a related party transaction. If that wasnt enough, Linda also owns a lakeside home near Stockholm in Sweden. Considering the importance of Mr Murrays role to Sports Directs future, shareholders and other employees deserve to know more about this appointment.. Change? 679215 Registered office: 1 London Bridge Street, London, SE1 9GF. Ashley Furniture HomeStore. Mom who lost both sons to fentanyl blasts laughing Biden, Missing hiker buried under snow forces arm out to wave to helicopter, Pavement where disabled woman gestured at cyclist before fatal crash, Isabel Oakeshott receives 'menacing' message from Matt Hancock, Pro-Ukrainian drone lands on Russian spy planes exposing location, 'Buster is next!' . Sports Direct said in a stock market statement that Murray would not be paid a salary; instead, the 26-year-old has a consultancy arrangement with the company. Some links in this article may be affiliate links. Mike Ashley left school at 16, becoming a county-level squash player, then, after an injury, becoming a county-level squash coach. He built it up from a single shop in Maidenhead, Berkshire, into one of the nation's most successful. Ashley is the 59th richest person in Britain, and has an estimated fortune of 2.995billion, according to The Sunday Times Rich List. The couple previously lived in a nearby three-storey mews house, which was bought by Mr Ashleys youngest daughter, Matilda, for 5.1m four months ago. [73][75], Learn how and when to remove this template message, "Company Overview of SportsDirect.com Retail Ltd: People", "Mike Ashley: Sports Direct's media-shy owner enters spotlight", "Newcastle's unlikely lad Mike Ashley calls shots", "Mike Ashley, a shy and retiring retail insurgent", "Sports Direct's Mike Ashley: nasty or nice? Shareholders were outraged by the apparent nepotism which some said could see Michael earning as much as 2.5 million a year. Yesterday, Sports Direct refused to. WHEN Mike Ashley met his wife, Linda, a swedish-born economics graduate, in 1986, he was a lowly squash coach working in a sports shop in Maidenhead. [71], He was educated at Burnham Grammar School in Burnham, Buckinghamshire. Ricky's is a well known . Investors look to high quality disclosures to reassure themselves about the nature and extent of such transactions. Part of the Daily Mail, The Mail on Sunday & Metro Media Group. In August, Sports Direct was found to be paying hundreds of thousands of pounds to a company run by Ashley's brother for making international deliveries on behalf of the retailer. They would get caterers in and have a marquee. ', Support: Mr Ashley's friends say he is 'down to earth' and 'warm' away from work - pictured enjoying a pint watching Newcastle United, which he owns. The statement also outlines how Sports Direct had linked with Double Take, a company owned by Mike Ashley and of which his daughter Matilda is a director, for a new cosmetic brand called Sport FX. Her billionaire father also clearly has a soft spot for her partner, and has taken the role of indulgent 'father-in-law' to a new level, by giving Murray a key consultancy role on a new 250 million property arm within his sportswear empire. Mike owns two deluxe chalets in the Swiss resort of Verbier dubbed the worlds most exclusive ski resort, with regulars including Prince Harry and Princess Beatrice as well as a 32 million mansion in Miami. From 675 Louboutin ankle boots to 1,000 Missoni beachwear and 200 Dolce & Gabbana sunglasses, she always looks the part. Over the next decade, the enterprise just kept growing. Sports Direct founder Mike Ashley opened his first sports shop nearing four decades ago, depending on his friends and family for support. Sports Direct's interim report also revealed a 57% slump in half-year profits to 71.6 million, despite a 14.2% rise in revenue to 1.63 billion. His daughter's fiance is preparing to step into his shoes and become chief executive. (Despite this, he has taken on the role of CEO since making those comments.) Linda moved Simon, currently director of five businesses including a textile wholesaler and soft furnishings manufacturer, into her two Totteridge mansions and in 2004 the couple had a son, Tyler. She said: Any transfer of wealth from a listed company to a controlling shareholder through related party vehicles have the potential to be detrimental to minority shareholders. Billionaire Ashley said he would continue to financially back SportFX for the 'foreseeable future'. Its parked at a stables in Radlett, Hertfordshire, where insiders say Matilda or, more likely, her dad pays between 800 and 900 a month for her horse to be mucked out. Mr Ashley has another daughter, Matilda, aged 20. [54], On 14 April 2020, it emerged that a request to undertake the Premier League's Owners' and Directors' Test had been filed by a consortium consisting of PCP Capital Partners, Reuben Brothers and the Public Investment Fund of Saudi Arabia (PIF), as the final stage of their 300m bid to purchase ownership of Newcastle United from Mike Ashley. He also stopped in a pub before appearing before MPs this week, right, Rekindled: Mrs Ashley with her ex-husband at a Newcastle match in London last Christmas during a rare appearance together. Guests arrived by yacht and chauffeured car, while caterers were seen ferrying supplies up the clifftop. [18] "He likes to park his tanks on people's lawns", said one banker. 'I haven't ever seen his wife and I've never seen him in person but I know his helicopter.'. Linda has always been stylish the couples wedding in Gothenburg was a sophisticated affair but as her husbands bank balance has risen, she has developed a taste for expensive designer clothes. On 28 December, Ashley announced that the club was no longer up for sale, after he had failed to find an acceptable buyer. But it has come under mounting criticism from unions, politicians and shareholders. Today, Barbara, 78, and Keith, 74, still live in the same house. The retailer has a deal with a delivery company called Barlin, which is 100% owned by Mike Ashleys brother John. Founder Mike Ashley says past six months have been tough but retailer spends 40m on corporate jet. A Newcastle United statement declared that Ashley had been given the beer and told that it was non-alcoholic despite the fact that Arsenal do not sell non-alcoholic beer at their stadium. Mr Ashley's 33-room pillared mansion down the road in London's Beverly Hills has a sweeping drive, four garages and its near-neighbours are said to include Arsene Wenger and several members of One Direction. For further details of our complaints policy and to make a complaint please click this link: thesun.co.uk/editorial-complaints/, Mike Ashley and daughter Anna celebrate a Newcastle United goal, Anna with fiance Michael Murray, who is set to become Frasers Group chief exec, Mike Ashley shuts down Newcastle club shop and makes all staff redundant, Headteacher sacked 'after sending parents a list of striking teachers' as school launches probe, Isle of Innisfree ferry: Blaze breaks out on boat carrying 183 people in English Channel as lifeboats scramble to scene. This week the billionaire Sports Direct boss Mike Ashley was forced to admit to paying some staff less than the minimum wage as he was accused of subjecting them to 'Victorian' working conditions. Upon the broadcast of the BBC documentary, Mike Ashley Uncovered, his dealings at Newcastle United were detailed, with it being announced that he only discovered upon purchase of the club how much debt the club was in, and that it cost him another 100m upon purchase to steady the club's financial security, having not viewed the account books prior to purchase. [37] In the following weeks, after an apparently unsuccessful trip to the Middle East to reportedly solicit potential buyers, Ashley later instructed a London law firm to handle the sale of the club. Mikes parents, Keith and Barbara, believed in their 18-year-old son so much they mortgaged their Burnham bungalow in 1982 to raise 10,000 to help him buy his first shop. He now lives with Miss Ashley in a flat in Chelsea, just a stones throw from Harrods and not far from where Mr Ashley made a 200m investment in John Lewiss former Peter Jones warehouse. The reputational damage caused to the company is entirely of Mike Ashleys own making. He alluded to their alliance in an interview with The Guardian in 2019, saying: "I'm thinking about the next 10 to 20 years. Feeling flush after the divorce, Linda spent 6 million building another house in 2006: a seven-bedroom abode with a cinema, gym, spa, sauna, bowling alley and golf course out the back. By Neil Craven, Financial Mail on Sunday. [43] On 4 November, it was announced that Ashley's own company would sponsor the stadium, rebranding it the "sportsdirect.com @ St James' Park Stadium" until the end of the season.[44]. She is engaged to Michael Murray after reportedly meeting him on holiday in Majorca in 2011. Hardly an auspicious start for a man whose personal fortune now tops 2.4 billion. EXCLUSIVE: Head teacher of leading grammar school is sacked for sending parents a list of striking teachers. The arrangement is the latest in a string of deals involving Ashley's family members. Neil Craven, Financial Mail on Sunday, Tycoons who built Asos into a 5bn empire: Shares in the online retailer surge after it snaps up Topshop and Miss Selfridge, Mike Ashley's Frasers to buy back 60m of its own shares despite warning of 200m hit from Covid.
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