Mike's other daughter Matilda owns a cosmetics business while his son Oliver is a DJ. Mr Ashley's Frasers Group said it would buy 46 leisure clubs and 31 retail outlets from DW Sports Fitness for 37m to merge with its own business. However, there is a limit to his frugality: Mr Ashley has a helicopter to fly between his mansion and the office. By Martin Robinson, Uk Chief Reporter For Mailonline, Published: 12:59 GMT, 9 June 2016 | Updated: 18:36 GMT, 9 June 2016. Mike is also a keen gambler. Ashley's actions and subsequent media coverage of fan reaction saw the creation of a new organisation, the Newcastle United Supporters Club, to properly represent fan's views to any future board. 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. Mr Ashley started Sports Direct 34 years ago with a 10,000 loan from his parents. They've found their spark again. The Frasers board told investors that a pay and bonus deal is being drawn up on the basis that Michael will become CEO. 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. 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. Lee Charnley was quietly announced as his successor in 2014. This does not affect our editorial independence. Recent accounts revealed that the company was being financed by loans from his dad. 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. He is known to prefer casual dress of shirt and chinos or a track suit rather than a suit, and often carries his essential business tool of a mobile phone in a plastic carrier bag rather than a briefcase. 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. That helps us fund This Is Money, and keep it free to use. [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. The now 31-year-old was later promoted and took on the responsibility of the group's shop opening and refurbishment plans. 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. They now live in a multimillion pound mansion in London's posh Belgravia. compared conditions at its Shirebrook warehouse to a Victorian workhouse, deal that Sports Direct struck with Barlin Delivery. 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? It would be wonderful for a wedding. Its not the first time Mike has helped him out: the deposit for the couples home was a loan from the Bank of Dad. 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. In its half-year profits update Sports Direct said the Barlin deal was entered into under market terms, and makes good commercial sense. 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. Mike Ashley has three children - two daughters and one son - with ex-wife Linda. We thought about renting it out for parties as well. The sports retailer, reeling from a year-long scandal over working practices, said underlying profit before tax slumped to 71.6m from 166.4m in the six months to 23 October. [62], In January 2015, Rangers fans protested against Mike Ashley's plans to secure a 10million loan using the club's stadium as security.
She is engaged to Michael Murray after reportedly meeting him on holiday in Majorca in 2011. Oscar Cainer tells all. But it has come under mounting criticism from unions, politicians and shareholders. 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. Matilda is the daughter of Sports Direct founder Mike Ashley. The company has appointed investment banker David Brayshaw as a non-executive director. 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. The business became a limited liability company in 1999. Sports Direct chairman should face the final whistle | Nils Pratley. : '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. 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. [27] As of 15 June 2007, Ashley owned a 77.06% stake in Newcastle United, on course to withdraw the club from the stock exchange having surpassed the 75% threshold required. . 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. 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'. Oscar Cainer tells all. He entered the department store industry following the acquisition of House of Fraser post-administration in 2018. 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. A. The house appears to be on the market at the moment - and some newspapers have suggested that Mr and Mrs Ashley could marry again. Sports Direct chairman Keith Hellawell blamed an "extreme political, union and media campaign" for the profit slump, saying it has "damaged its reputation and influenced our customers." The following morning Keegan had a meeting at St. James Park with Wise and managing director Derek Llambias; it is unknown what exactly was said in the meeting, but witnesses saw Keegan storm out of the meeting claiming to be sacked. According to the Sunday Times Rich List, he is worth 2.7billion. ", Sports Direct says in Thursday's update that the deal was done "under market terms and makes good commercial sense.". Matilda is the daughter of Sports Direct founder Mike Ashley. Part of the Daily Mail, The Mail on Sunday & Metro Media Group. [40], On 27 October, Ashley took Newcastle United off the market after again failing to find a suitable buyer for the club. Mike bought the property three years ago for 21 million, but has reportedly increased its value by 10 million. If that wasnt enough, Linda also owns a lakeside home near Stockholm in Sweden. admitting the company has become too big for him to control solely. Its said they rarely speak to their son, now the 45th richest man in Britain. A friend said when they began dating again: 'Mike never wanted to lose Linda in the first place. Want to bookmark your favourite articles and stories to read or reference later? And its proud founder was raking in the profits. 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. Please refresh the page or navigate to another page on the site to be automatically logged inPlease refresh your browser to be logged in, Mike Murray given 250m war chest to 'create value'in property consultancy role, Find your bookmarks in your Independent Premium section, under my profile. 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. House number two, boasts five bedrooms, five bathrooms and a pool. 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. Murray is a director at Mash Services, a new vehicle linked to Ashleys main company Mash Holdings, as well as McGrove Developments, Ashleys new property group, and Strawberry Place Newcastle Limited, which owns land next to Newcastle Uniteds football stadium and plans to develop offices, student homes and a hotel. Our people have once again found themselves in the spotlight through no fault of their own, yet they remain hard working and loyal. Michael James Wallace Ashley (born 9 September 1964) is a British billionaire retail entrepreneur focused in the sporting goods market, and the chief executive of Frasers Group Plc (formerly Sports Direct International). His own son, Ollie, is said to have done a short stint of work at Sports Direct. As part of the original flotation agreement, each key senior management team would receive the same bonus and pay while employed by Sports Direct. 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. His eldest, Anna, is a property developer who also sits on the board of her dad's company Frasers Group - parent of Sports Direct, House of Fraser, Flannels, and other retail brands. The reputational damage caused to the company is entirely of Mike Ashleys own making. Matilda is Ashley's youngest daughter. 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. 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. This is not the first deal to involve members of Ashleys family. His father, who worked for a food distribution company, handled the books, while his mother, a secretary, helped out behind the counter. However, Murrays consultancy, MM Prop Consultancy Limited, was only set up on 17 December and is registered to the same address as Ashleys business interests. In addition, Murrays former home in Chelsea is now owned by Matilda Ashley, the tycoons youngest daughter, who paid 5.1m for the property in September. 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. 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. 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. 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. As his wealth exploded their lifestyles are said to have become polar opposites. What is his net worth? [32], As the transfer window closed at midnight on 2 September, rumours started to appear in the press stating that Keegan was extremely unhappy with Director of Football Dennis Wise's interference in team matters. 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. 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. After their divorce interior designer Mrs Ashley, who is mother of the billionaire's three children, went on to have a relationship with businessman Simon Brodin, an ex-boyfriend of S Club 7 pop star Rachel Stevens, and had a son, Tyler, now 12, by him. [68], In February 2020, Ashley bought a 12.5 per cent stake in Mulberry, said by a business journalist for The Times to be worth around 19 million. [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. [63] Some Rangers supporter groups heavily criticised Ashley and expressed major concern and distrust about his nature and purpose of his intentions. 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. They would get caterers in and have a marquee. [52], Ten months later, and with the departure of McClaren and the arrival of Rafael Bentez, Ashley gave another interview. [74], Ashley is protective of his private life. 15:11 GMT 25 Jul 2021. The company said in an announcement to the stock exchange: "The group's elevation strategy is transforming the business and receiving positive feedback from consumers and our brand partners, especially on projects such as the new Oxford Street Sports Direct which opened in June 2021. Murdaugh is heckled as he leaves court, Ken Bruce finishes his 30-year tenure as host of BBC Radio 2, Moment teenager crashes into back of lorry after 100mph police race, Alex Murdaugh unanimously found GUILTY of murder of wife and son, Isabel Oakeshott clashes with Nick Robinson over Hancock texts, Family of a 10-month-old baby filmed vaping open up, Ukrainian soldier takes out five tanks with Javelin missiles. The financial reporting watchdog noted that there was no discussion of Sports Directs international stores, which are a significant part of its business. The couple are said to have met in their early twenties when the Sports Direct mogul was a squash coach and had set up his first sports shop. The group employs more than 20,000 people in the UK and at stores in Ireland, Belgium and Slovenia. [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.
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