BILLIONAIRE Mike Ashley is the man behind Sports Direct and a host of other brands. 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. Sports Direct declined to clarify how it would measure the value added, but Murray could earn millions of pounds if it uses the profits it banks from property every year. [49][50], On the final day of the 201415 season, Ashley gave his first televised interview to Sky Sports, eight years after buying the club. ', Close: Mr and Mrs Ashley were married for around 14 years - there was around 12 years when they were not together but it appears they are going strong again, Sports Direct billionaire Mike Ashley's daughter Anna, left, has been dating Michael Murray since 2011 - he has been handed a plum role with Mr Ashley's sports company, Mr Ashley's youngest child Matilda'ssocial media profiles are full of glamorous selfies, left, she owns a Chelsea house bought for 5million - her brother Oliver works in radio rather than for the family business. [68] In June 2019, The Times reported that Ashley placed a 52 million bid to buy the company. Sports Direct chairman should face the final whistle | Nils Pratley. After considering a takeover, Ashley took a 9million stake and signed a long-term deal with Umbro. The company is reeling from a year rocked by scandal, with allegations of abusive working practices and numerous PR gaffes. The reputational damage caused to the company is entirely of Mike Ashleys own making. On 31 January 2010, the BBC North East and Cumbria produced a 30-minute documentary detailing Mike Ashley's business successes and lows. They did, however, state that they would be reviewing the film closely. According to the Institute of Chartered Accountants in England and Wales, a person can be categorised as a de facto director if they are negotiating with third parties on behalf of the board. 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. He entered the department store industry following the acquisition of House of Fraser post-administration in 2018. [60], In October 2014, Ashley owned an 8.92% stake in Rangers International Football Club (RIFC), the parent company of Scottish football club Rangers. [34] This led to prolonged protests by fans directed against Ashley and Wise, being dubbed the "Cockney Mafia." Hardly an auspicious start for a man whose personal fortune now tops 2.4 billion. The first major brand he bought was Donnay. Neighbours who say the first thing Ashley did was raise the security gates and surrounding walls are still getting used to his garish Christmas display. To see all content on The Sun, please use the Site Map. The blonde sisters have model good looks and the wardrobes to match. [8][9], The chain, funded by private money, expanded quickly and by the late 1990s Ashley had rebranded the chain as Sports Soccer and opened over 100 stores across the United Kingdom. Ashley subsequently "received words of advice" from the police during the game. Michael Murray to lead UK and international property team of the controversial sporting retail company. But it has come under mounting criticism from unions, politicians and shareholders. 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. He stated that he regretted buying Newcastle United, but admitted that he was "wedded" to the club. Aware of her husbands love of football (he did spend 135 million buying Newcastle United), Mrs Ashley even arranged for a number of big screens to show Englands Euro 2016 match. Ashley Furniture HomeStore. He added: I begin to question whether this intense scrutiny is all ethically motivated.. The company has also done a deal with a beauty company run by the youngest daughter of Mike Ashley, the billionaire founder of the company. But soon this wasnt roomy enough for his growing family son Oliver was born in 1990, daughter Anna in 1991 and Matilda in 1997 and in 1993 Mike and Linda upscaled to a 5 million house with landscaped gardens, another outdoor pool and staff accommodation in upmarket Totteridge, North London. In 1982, he opened his first sport and ski shop in Maidenhead followed by others in and around London, starting with a 10,000 loan from his family (equivalent to 37,545 in 2021). Want to bookmark your favourite articles and stories to read or reference later? Sports Direct said in a statement: Michael has a consultancy arrangement with the company, is not paid a salary, and is not a director of any company within the Sports Direct Group. [35], On 14 September, Ashley made a statement announcing he had put the club up for sale, a day after the first home game since Keegan's resignation, which Ashley did not attend, a 21 defeat to newly promoted Hull City. He hired Merrill Lynch,[20] who initially valued the group at up to 2.5bn ahead of the flotation on the London Stock Exchange.[19]. Lee Charnley was quietly announced as his successor in 2014. Corporate governance watchdogs criticised Sports Direct, the sporting retailer controlled by Ashley, after the retailer revealed that Michael Murray would lead its UK and international property team. They've found their spark again. Sports Direct, which has 400 stores across the country, said the primary task for the property team was to find new sites for its larger format stores and its combined retail and gym units. Frasers Group changed its name from Sports Direct International last year. Mr Justice Leggatt ruled that no-one would have thought that what Ashley said was serious. Mike will put a further 20m into the club this week. What is his net worth? 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. Inside Matt Hancock's 41-hour battle to save his career when photo of 'a snog and heavy petting' with aide Will Vladimir Putin's empress pay the ultimate price for his war on the West? Mrs Ashley's mansion appears to be on the market at the moment - and some newspapers have suggested that Mr and Mrs Ashley could marry again. [66], On 13 December 2022 it was reported that Ashley had told the club they had no business to be playing football in the stadium, This would ultimately cause backlash from the club and the fans as Coventry had previously signed a contract letting them stay in the stadium for and extra 10 years back in 2021. Listed on Forbes as Britain's 20th richest and the world's 782nd richest man in 2017. 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. [22], In March 2020, Ashley and Sports Direct came under heavy criticism after an announcement that they would stay open despite increased government restrictions associated with the COVID-19 outbreak. For a period he was unable to take his family to matches for fear of abuse. 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. Ashley is the 59th richest person in Britain, and has an estimated fortune of 2.995billion, according to The Sunday Times Rich List. admitting the company has become too big for him to control solely. The retailer is ready to commit 250m towards buying new sites, particularly in south-east of England, and rolling out the new stores. Its now thought to be worth 25 million. Were mortgage rates below 4% a flash in the pan? [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. The Institute of Directors, the business leaders group, said the arrangement would not be tolerated at other companies and warned that shareholders would seek assurances over Murrays role and qualifications. In that time, he and Linda who wed in her native Sweden in 1989 have been married for 14 years, separated for 14 more and are now said to have rekindled their relationship. Hellawell said the directors accepted responsibility for our shortcomings, but there has also been disproportionate, inaccurate and misleading commentary. [63] Some Rangers supporter groups heavily criticised Ashley and expressed major concern and distrust about his nature and purpose of his intentions. Join Facebook to connect with Matilda Ashley and others you may know. Matilda Ashley's company Double Take will get no royalties or other fees until at least September 2019, Sports Direct says, when the terms of the deal will be reassessed. The retailer has a deal with a delivery company called Barlin, which is 100% owned by Mike Ashleys brother John. Meanwhile, Anna's younger sister, Matilda, is listed as a director of a beauty business and until recently lived in a rented four-bed mews house in London's Chelsea. He said: 'As far as I know everything is fine between them now. In addition, Murray's former home in Chelsea is now owned by Matilda Ashley, the tycoon's youngest daughter, who paid 5.1m for the property in September. [64] On 23 June 2017, Ashley sold his entire Rangers shareholding to Club 1872 and Julian Wolhardt. Shares have recently hit two-and-a-half year lows and analysts have criticised Mr Ashleys use of the company, in which he has a 55 per cent stake, for making investments in other companies including Debenhams, Tesco, Direct Golf and Findel. According to the Sunday Times Rich List, he is worth 2.7billion. [41] A Newcastle statement confirmed, "Mike Ashley is totally committed to the future success of Newcastle United and will be focused on gaining promotion back to the Premier League. Mike pumped cash into Oliver's debt-ridden radio business in 2016 while paying his Sports Direct workers less than the minimum wage. But of late hes sought refuge further afield, flying to Florida to relax in his eight-bedroomed sprawling villa, located in a gated community on La Gorce Island, an A-list haven with private docks and an on-site country club that was previously home to the singer Cher. It needs a board that is capable of standing up to him so that the normal checks and balances that apply to most companies are in place.. Sprawling home where JonBenet Ramsey was found murdered in 1996 is listed for sale for $7 MILLION by current Royal Mail increase price of first class stamp by 15p to 1.10 in record-breaking hike. Accompanying him to the business select committee meeting to face MPs questions about Sports Direct back in June, Mrs Ashley showed off her new polished look. A scathing parliamentary committee report later compared conditions at its Shirebrook warehouse to a Victorian workhouse. Murray bought a property in Belgravia for 10.75m in June 2013 with Ashley lending him money for the deal. The arrangement is the latest in a string of deals involving Ashley's family members. His own son, Ollie, is said to have done a short stint of work at Sports Direct. Constance Marten seen leaving court after appearing before magistrates charged with manslaughter of baby, Constance Marten and Mark Gordon blow each other a kiss in dock before court hears dead baby was found in bag in shed, Mum identified after dead baby is found on Canford Heath, Independent Press Standards Organisation (IPSO). Doncaster-born Michael has been lined up to become chief executive in May next year. 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. City watchdog launches enforcement probe into London Metal Exchange after embattled bourse's controversial IMI revenues exceed 2bn as FTSE 250 manufacturer is lifted by growth in precision engineering division. The company also pointed out that he is not listed as a director of any Sports Direct businesses, although he is a director of a handful of private businesses owned by Mr Ashley through his Mash web of companies. 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. As part of the original flotation agreement, each key senior management team would receive the same bonus and pay while employed by Sports Direct. He alluded to their alliance in an interview with The Guardian in 2019, saying: "I'm thinking about the next 10 to 20 years. The couple own a lavish 32million eight-bedroom mansion in Miami Beach, Florida, located in a gated community on La Gorce Island. 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. Witch, Harridan, Harpy, and new insults like Karen and Terf. Derbyshire based group Sports Direct International Plc, with headquarters in Shirebrook, has over 400 UK stores including the chains Sports World, Lillywhites (acquired in 2002) and Gilesports. The Financial Reporting Council said it had discussed certain issues with the company following its review of the 2015 annual report and accounts. Since then the company has been forced to pay 1m in back pay to staff and offer more staff guaranteed working hours. [40], On 27 October, Ashley took Newcastle United off the market after again failing to find a suitable buyer for the club. As they rekindle their relationship (they were spotted back together in 2011), the Ashleys have downsized: Linda sold the old family home and put her other house on the market last year. He was formerly the owner of Newcastle United football club, having bought it for 135million in 2007 until selling the club in October 2021. ', 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. [31], On 30 August 2008, Ashley was shown on live television drinking beer while with fans in the away stand during Newcastle's game against Arsenal in London, contravening Premier League licensing rules stating that alcohol may not be consumed in sight of the pitch. Mr Ashley started Sports Direct 34 years ago with a 10,000 loan from his parents. 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. The second property, a former nightclub built inside a cave, includes a lift down to a white sand beach. She is engaged to Michael Murray after reportedly meeting him on holiday in Majorca in 2011. Sports Direct has launched branded activewear ranges that include collaborations with influencers Gabby Allen a former star of TV reality show Love Island and Chessie King. Michael Murray, engaged to Mike Ashley's daughter Anna, is currently head of elevation at Frasers Group. (Despite this, he has taken on the role of CEO since making those comments.) The parents who fear their 11-year-olds will be scarred for life by the graphic sex education lessons that Two Insulate Britain protesters are jailed for contempt of court after they defied a judge's orders not to 'Derek fights on, it makes me fall in love with him all over again:' Kate Garraway reveals there are days French authorities fear 'narco-tourists' could flock to Normandy beaches after 'more than two tonnes of Hopes for cervical cancer vaccine after trials in mice showed it reduced tumours 80 per cent of the time. We are no longer accepting comments on this article. 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's trophy assets include the prestigious Lillywhites sportswear emporium at Piccadilly Circus, and world-famous brands including Dunlop, Everlast and Slazenger. '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? The most opulent is a 9.7 million clifftop villa in the swanky resort of Port dAndratx, Majorca, frequented by celebrities with superyachts and off-duty oligarchs. 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. 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. 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. : '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. [70] The group initially bought 46 leisure clubs and 31 retail outlets from DW Sports Fitness for 37 million to merge with its own business. The companys non-executive directors will oversee an independent review every year to decide with their absolute discretion how much he should be paid. 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. [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. MIKE Ashley's retail empire extends beyond Sports Direct. Financial documents for the year to April 2020 made available in recent days reveal that Double Take owes more than 1.6million to Mash Holdings. On 26 July 2017, Mr Justice Leggatt ruled that Ashley won a high court battle over investment banker Jeffrey Blue's allegation that during a "night of heavy drinking" at the Horse and Groom pub in London, Ashley agreed to pay Blue 15 million if Sport Direct's shares doubled to 8. He is once said to have lost 1 million at Aspers Casino in Newcastle. 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In behaviour similar to the daughters of another swashbuckling business/sporting tycoon Formula 1's Bernie Ecclestone Matilda's social media profiles are full of glamorous selfies. If I get married again, I'll marry here. We do not allow any commercial relationship to affect our editorial independence. Part of the Daily Mail, The Mail on Sunday & Metro Media Group. This does not affect our editorial independence. This could lead to Mr Murray becoming a multimillionaire, if he is successful. Plastic surgeon reveals five cosmetic procedures she would NEVER get - from dangerous Brazilian butt lifts BEL MOONEY:Why does caring for my dad take over my life? Sprawling home where JonBenet Ramsey was found murdered in 1996 is listed for sale for $7 MILLION by current Royal Mail increase price of first class stamp by 15p to 1.10 in record-breaking hike. SHARE OF THE WEEK: Darktrace's Poppy Gustafsson faces questions about company's financial health when she As chip designer Arm chooses to float in US Ex-chancellor warns London stock market now 'less attractive'. But not even billionaires can travel everywhere by air. One theory in City circles is that Mr Ashley is grooming Murray to take over the whole company. So, Mike Ashley, can we handle the truth? If you click on them we may earn a small commission. 15:11 GMT 25 Jul 2021. 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. Mike prides himself in shunning Armani suits for cheap High Street tracksuits and carries his mobile phone in a plastic bag. Mike Ashley travels regularly by helicopter, and also owns a fleet of expensive cars. She and her daughter Anna, who both describe themselves as property developers, are also listed as directors of a company called RAAA, which has also been dissolved. 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. Sports Direct's senior executives live locally in a cluster of houses, worth around 400,000 each. Our people have once again found themselves in the spotlight through no fault of their own, yet they remain hard working and loyal. Ashley is the 59th richest person in Britain, and has an estimated fortune of 2.995billion, according to The Sunday Times Rich List. 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. His father, who worked for a food distribution company, handled the books, while his mother, a secretary, helped out behind the counter. The waitresses were amazed when he ordered 100 bottles of Cristal and proceeded to hand them out to clubbers and spray them over his friends, an onlooker remembered. The company has suspended its planned share buyback until further notice. He bought a palatial house near Berkhamsted in Hertfordshire, the site of a former 16-bedroom hotel, complete with heated outdoor pool, orangery and 1.5-acre gardens. If that wasnt enough, Linda also owns a lakeside home near Stockholm in Sweden. As well as indulging Ashley's love of football, the couple are known for spending their spare time hosting lavish parties, and Mike is also a keen gambler. Mr Ashley was previously executive deputy chairman of the retail group - which changed its name from Sports Direct International to Frasers Group two years ago - until 2016, when long-serving. 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. [33] Keegan drove to Manchester to consult with the League Managers Association chief-executive Richard Bevan; while in this meeting it is thought Ashley found out from Llambias of the row and attempted to contact Keegan. Revealed: how Sports Direct effectively pays below minimum wage, Original reporting and incisive analysis, direct from the Guardian every morning. At Sports Direct, Mr Murray will be . Stay up to date with what you want to know. Murray is the boyfriend of Anna Ashley, the tycoons eldest daughter. 'Mike Ashley is only 51 and will have no desire to step down for a long time,' said one City insider. He founded his empire with a single store, Mike Ashley Sports, in 1982. Will spray foam insulation make your property hard to sell or mortgage? Sports Direct founder Mike Ashley outside its headquarters in Shirebrook, Derbyshire. [72], In 1988 aged 24, he married Linda Jerlmyr, a Swedish-born economics graduate, and the couple have three children. Sign up for notifications from Insider! Mike Ashley left school at 16, becoming a county-level squash player, then, after an injury, becoming a county-level squash coach. How long have Keir Starmer and Sue Gray been secretly cooking up their plot? [15][16], Ashley has a 29.4% stake in Blacks Leisure Group, the owner of Millets and Mambo,[17] and is thought to hold stakes in JJB Sports and 19% of JD Sports. At Sports Direct, Mr Murray will be expected to help rebuild the companys prospects, which have been hit recently by poor results, as the retailer lost out to rivals including JD Sports, while an expansion into Austria has hit profits. Mike Ashley has three children - two daughters and one son - with ex-wife Linda. Estate agent records show the home was let out in March for 3,250 a week. The comments below have not been moderated. Murrays remuneration is based solely on creating value, Sports Direct said. Mike Ashley's company owns the rightsto SportFX for clothing, footwear and sports equipment.
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