Birthday: September 9, 1964 ( Virgo) Born In: Burnham 7 5 Business People #328 Quick Facts British Celebrities Born In September Also Known As: Michael James Wallace Mike Ashley Age: 58 Years, 58 Year Old Males Family: Spouse/Ex-: Linda Ashley siblings: John Ashley children: Anna Ashley, Matilda Ashley, Oliver Ashley British Men Virgo Entrepreneurs Mr Ashley started Sports Direct 34 years ago with a 10,000 loan from his parents. One acquaintance said earlier this year they are 'more together than not' but the tycoon, who is known to work until 2am on many days, refuses to comment. Ricky's is a well known . However, Sports Direct added that it is also about to take delivery of a new corporate plane, worth $51.1m (40m). EXCLUSIVE: Head teacher of leading grammar school is sacked for sending parents a list of striking teachers. [59], On 7 October 2021, Mike Ashley sold Newcastle United for 300 million to a consortium involving PCP Capital Partners, RB Sports & Media, and Public Investment Fund of Saudi Arabia. Instead of opting for a different attire, Ashley chose to take his usual place among the travelling fans for the game. Like her sister, Matilda, 19, has inherited her mothers good looks. They've found their spark again. Mr Ashley's wife and children have the run of the family's private property portfolio, including a seven-bedroom mansion in North London. Retail tycoon Mike Ashley, who founded Sports Direct in 1982, is getting ready to step down from his roll of boss. MIKE Ashley's retail empire extends beyond Sports Direct. As a sole trader and not having to file accounts at Companies House, little was known about him. 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. 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. Shaped to resemble a seagull's wing, the house has a 'party-cave' built on the site of a former disco. [21] Neither Ashley nor his representatives showed interest in taking part in the film, declaring that the film was producing a majority of inaccuracies. As part of the original flotation agreement, each key senior management team would receive the same bonus and pay while employed by Sports Direct. Journalist Chris Jackson travelled to Thailand to visit the factories in which Ashley's material for his brand of Lonsdale is made. We have no doubt that institutional investors will seek assurance and clarity about the nature of the business relationships.. Matilda is Ashley's youngest daughter. 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? 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. 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. By clicking Sign up, you agree to receive marketing emails from Insider He added: I begin to question whether this intense scrutiny is all ethically motivated.. [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]. When the daily grind gets too much, the Ashleys have not one but four Spanish hideaways in which to sip sangria. Witch, Harridan, Harpy, and new insults like Karen and Terf. In 2006, it overtook JJB Sports as the UK's largest sportswear retailer. 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. 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. The business became a limited liability company in 1999. Glamorous: Mrs Ashley is an interior designer from Sweden and the couple are believed to have married in Gothenburg in the late 1980s. Affiliate links: If you take out a product This is Money may earn a commission. Even the Ashleys animals get the luxury treatment. Listed on Forbes as Britain's 20th richest and the world's 782nd richest man in 2017. [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. Having studied at a trendy London music school, Mikes son, Ollie, 26, works as a DJ, by the name of DJ Exotica. 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. Ashley appointed Joe Kinnear to take temporary full-time charge of the squad as he began his search for a new owner. [28] 100% acquisition was achieved in July with Ashley paying a total of around 134million to buy the club.
The billionaire does not even have his own office but holds court from a desk in the middle of an open-plan office, where he sits until around 2am on some days. If that wasnt enough, Linda also owns a lakeside home near Stockholm in Sweden. 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. Anna and her boyfriend Michael Murray have set up home together in a 10.7 million house in London's exclusive Belgravia. He also felt that Bentez was the right man to keep the club in the Premier League. On 2 October 2009, a Premier League arbitration panel found the club guilty of "constructive dismissal" and Mike Ashley was made to pay Kevin Keegan 2,000,000 compensation plus interest for his mistreatment during the time at the club. However, there is a limit to his frugality: Mr Ashley has a helicopter to fly between his mansion and the office. My immediate priority will be to protect the people at Sports Direct.. The lodge, which the children adored when they were young, was a gift from her parents. It is understood the company does not have to disclose Mr Murray's appointment or family ties as he was not appointed to the Sports Direct. Original reporting and incisive analysis, direct from the Guardian every morning. Ashley is the owner of Newcastle United, a Premier League soccer team. 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. To see all content on The Sun, please use the Site Map. Sign up for notifications from Insider! His eldest, Anna, is a property developer who also sits on the board of her dad's company Frasers Group - parent. The retailer has a deal with a delivery company called Barlin, which is 100% owned by Mike Ashleys brother John. Mr Ashley's spokesman said today he does not comment on his personal life. In winter, the Ashleys are spoilt for choice. '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 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 report, released on Thursday, says that the firm will take delivery of a $51.1 million (40.25 million) corporate plane within weeks. Clive Lewis MP, Labours shadow business secretary, said: It is not surprising that Sports Directs profits have taken a hit given the revelations that employees have been paid less than the minimum wage for years, made to work in Victorian conditions, and the collapse of corporate governance structures that followed. On 4 September, Keegan resigned from the club following days of talks with the board of Newcastle United headed by Llambias. Mike will put a further 20m into the club this week. Oscar Cainer tells all. 'Mike Ashley is only 51 and will have no desire to step down for a long time,' said one City insider. Among his fleet of expensive cars are a black Bentley, a BMW 7 Series and a champagne-coloured Aston Martin DB4 with cream interior, which he bought for Linda as a birthday present. Now we step inside the breathtakingly extravagant world of the Flashy Ashleys . Sports Direct founder Mike Ashley outside its headquarters in Shirebrook, Derbyshire. But sums like this are small change to Mike, 52 as he showed when he pulled wads of crumpled 50 notes from his pockets during a recent Sports Direct warehouse tour, just months after the company was condemned for subjecting staff to gulag-style conditions, fining latecomers and paying less than the minimum wage. Ashley subsequently "received words of advice" from the police during the game. Recent accounts revealed that the company was being financed by loans from his dad. This does not affect our editorial independence. Sports Direct boss Mike Ashley has a person fortune topping 2.4billion Thirty years ago he was a squash coach who worked in a sports shop Ashley is said to have recently rekindled his. [42] The club released future plans in the same statement, announcing the club would attempt to sell the club's stadium naming rights to raise funds to clear debts of the club, causing outrage among Newcastle fans across the world who felt the club would lose tremendous heritage with the name of St James' Park changed. Frasers Group changed its name from Sports Direct International last year. Mike prides himself in shunning Armani suits for cheap High Street tracksuits and carries his mobile phone in a plastic bag. LONDON Sports Direct is buying a 40 million corporate plane and doing a makeup deal with Mike Ashley's daughter, its half-year report reveals. [34] This led to prolonged protests by fans directed against Ashley and Wise, being dubbed the "Cockney Mafia." The main issue was whether the retailers strategic report complied with the Companies Act 2006 requirement to be balanced and comprehensive. He should focus his energies on reforming his business, instead of blaming those who have held him to account in the name of the public interest.. [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. Join Facebook to connect with Matilda Ashley and others you may know. 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? 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. 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. 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? Neil Wilson, senior market analyst at forex and spread-betting firm ETX Capital, said: The company is blaming everyone else and its true that negative PR of this scale is very hard to shake. 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. ", Sports Direct says in Thursday's update that the deal was done "under market terms and makes good commercial sense.". Matilda launched her Double Take firm in 2015. How remorseless Stephen Bear continued his arrogant antics up until Martin Robinson, Uk Chief Reporter For Mailonline, Do not sell or share my personal information. 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. Matilda owns a second Chelsea mews house on an adjoining street, which she bought last September for 5.1 million in cash. Drivers face fuel-guzzling 52-mile trip so council can fix just 546 yards of road. 10 miles. Under the terms of UK takeover law, having purchased more than 30% of a listed company, he was obliged to make an offer to buy the remaining shares at the same or a greater price. The company owns SportFX's cosmetics brand. We thought about renting it out for parties as well. Speaking on Radio 4s Today programme, Simon Walker, director general of the Institute of Directors, said the company was making changes, but that they did not go far enough. The club was warned by the League Managers Association the next day, to develop a structure which would satisfy the next manager to replace Keegan to avoid a similar situation repeating itself and damaging the club's image. ", "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)". As far as I know they're doing really well.'. She spent another 2 million buying the cottage next door, which acts as a gatehouse to the property, now worth 20 million. 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. . 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. (Despite this, he has taken on the role of CEO since making those comments.) It is not clear from whom she bought the property, but her sister Anna and Murray lived there last year. [73] The couple quietly divorced in 2003, culminating in one of the biggest settlements in British legal history, with Ashley reportedly handing over the family home, multiple properties and assets with a total worth of 50m. 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. This is not the first deal to involve members of Ashleys family. Matilda Ashley's make-up range SportFX was launched last year with the help of reality-TV celebrities, such as Made in Chelsea's Louise Thompson His daughter Matilda's make-up business,. [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. 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. He built it up from a single shop in Maidenhead, Berkshire, into one of the nation's most successful retailers and holds a 55 per cent stake in the company, currently valued at around 1.4 billion. [6] In August 2021 Ashley announced that he intended to step down as CEO of Frasers Group Plc in May 2022, but remain a Director of the main Board.[7]. Ashley appeared to have saved the club from certain financial ruin by paying off large sums of debt inherited from the previous regime,[29] although he was criticised for not doing due diligence when buying the club, as he subsequently revealed he had been unaware of issues such as the upfront payment of club finances such as the Northern Rock sponsorship, and the presence of outstanding liabilities for long past player transfers. Is commercial property a great value investing opportunity? Anna, 25, describes herself as a property developer and both she and her mother are listed as directors of a firm called RAAA, now dissolved. 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. Its said they rarely speak to their son, now the 45th richest man in Britain. [61] The Scottish Football Association rejected Ashley's request to raise his shareholding in RIFC to 29.9%, due to the fact he already owned a large amount of Newcastle United shares, which was seen as a conflict of interest. He made his money in the sporting goods business through his retailing group Sports Direct. Murrays remuneration is based solely on creating value, Sports Direct said. 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. Sports Direct announced on Thursday that veteran banker David Brayshaw is joining the board as a non-executive director and joining the company's audit committee. Sports Direct will get exclusive rights to the . [38], In January 2009, it was reported that interim manager Joe Kinnear had been offered a full-time position at the club by Ashley. [63] Some Rangers supporter groups heavily criticised Ashley and expressed major concern and distrust about his nature and purpose of his intentions. Mike Ashley has three children - two daughters and one son - with ex-wife Linda. Ashley said: The last six months have been tough for our people and performance. And, despite his high profile, little is known about one of the most colourful tycoons of our age. They would get caterers in and have a marquee. Matilda is the daughter of Sports Direct founder Mike Ashley. 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. A member of staff revealed: The finest champagne, wine and food are being delivered. Ashley Furniture HomeStore. ET): Visit your local Champs Sports at 15555 East 14th Street in San Leandro, California to get your head-to-toe hook up on the latest shoes and clothing from Jordan, Nike, adidas, and more. Mike Ashley left school at 16, becoming a county-level squash player, then, after an injury, becoming a county-level squash coach. We are no longer accepting comments on this article. 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. Sports Directs shares fell by 10% to 280p on Thursday. After their divorce, Linda kept the home and Mike moved into a 33-room pillared mansion down the road, bought in 2005 for 12 million. Are investors underestimating the impact of rate rises? Lee Charnley was quietly announced as his successor in 2014. Billionaire Ashley said he would continue to financially back SportFX for the 'foreseeable future'. 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. 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. 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. Demand for English language and upskilling courses set to continue boosting education publisher Pearson sales as Mother-of-two is fined 100 for overstaying 15-minute limit as she queued up for a car wash - an hour after Rightmove shrugs off housing market blues with dividend hike as profits near 200m despite slowdown, Taxi driver gets 60 parking fine after stopping outside McDonald's for 47 seconds to pick up a customer. Want to bookmark your favourite articles and stories to read or reference later? What is his net worth? Both properties are in Linda's name, as is a cliff-top home in Majorca. Here are the brands Frasers Group owns. Sports Direct chairman should face the final whistle | Nils Pratley. If you click on them we may earn a small commission. [19], In late November 2006, a number of business newspapers reported that Ashley was looking at an IPO of Sports World International. He is once said to have lost 1 million at Aspers Casino in Newcastle. Access your favorite topics in a personalized feed while you're on the go. The house, formerly owned by pop impresario Mickie Most, has four garages, a cinema and indoor and outdoor pools. Sporting a mahogany tan and freshly cut bouffant blonde hair, she wore diamond jewellery and showed off toned legs in a short white dress and laced ankle boots. Ricky's Sports Theatre and Grill owner Ricky Ricardo, who knew late Oakland Raiders owner Al Davis, walks around his bar in San Leandro, Calif., on Saturday, Oct. 8, 2011. The controversy comes after a Guardian investigation revealed that the company effectively pays thousands of temporary workers below the national minimum wage of 6.70 an hour and subjects warehouse staff to a regime of searches and surveillance. Double Take - a cosmetics company owned by Mike Ashley and where 20-year-old Matilda Ashley is a director - is licensing the rights to a beauty brand called Sports FX to Sports Direct.. [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. 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! By
But Linda, a glamorous property developer and interior designer, is certainly making the most of her husbands bulging wallet. Loose or informal governance arrangements have the potential to surprise investors, something they would rather avoid. [10], At present[when?] 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. Mrs Ashley told a luxury lifestyle magazine: 'We've had a few good parties here.
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