Mike pumped cash into Oliver's debt-ridden radio business in 2016 while paying his Sports Direct workers less than the minimum wage. 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. Designed to look like a seagulls wing from the air, the villa has seven bedrooms, an infinity pool, tennis courts and an amphitheatre overlooking the ocean. [53] On 11 May 2016, Newcastle United were relegated for the second time under the ownership of Ashley, after local rivals Sunderland beat Everton 30. [23], Ashley turned whistleblower on industry rivals in 2000, handing the Office of Fair Trading evidence of business meetings held by sports retailers to fix the price of football shirts. '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? Some 922 jobs out of a total of 1,700 across. [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. 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. Michael Ashley is a billionaire English retailer with a net worth of $6.3 billion. He said at the time: 'I'm a dad who can't take his kids to a football game on a Saturday because I'm advised we would be assaulted. Instead of opting for a different attire, Ashley chose to take his usual place among the travelling fans for the game. For most of the working week, he's at the company's unglamorous nerve-centre in Shirebrook. 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. 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. 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. The first major brand he bought was Donnay. This week as the Sports Direct owner faced MPs over the 'Gulag' conditions suffered by his staff, the glamorous Linda Ashley came with him to Westminster despite their 50million divorce in 2002. 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. He adores her and always has. Ashley's ownership of the club was initially popular with fans, despite press scorn for his unconventional approach, by installing Chris Mort as chairman to run the club while Ashley acted as one of the fans, drinking in local bars and clubs, and watched the team from the stands with the supporters wearing the team shirt. Mr Ashley started Sports Direct 34 years ago with a 10,000 loan from his parents. 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. Access your favorite topics in a personalized feed while you're on the go. A spokesman for the Ashley family did not comment last night. Join Facebook to connect with Matilda Ashley and others you may know. Matilda is listed as a director of a beauty business while Mr Ashley's Mash Holdings made 409million profit last year. 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. [19], In late November 2006, a number of business newspapers reported that Ashley was looking at an IPO of Sports World International. 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. 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. Also on Thursday, the FRC wrapped up an earlier investigation into Sports Direct, which probed why the firm failed to discuss the development and performance of the firm's international stores in its last Annual Report. 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. Matilda launched her Double Take firm in 2015. Sign up for notifications from Insider! Though the offices are based at a Grade II-listed building in Burnham, Matilda lives in Chelsea in a 5.1 million mews house that appears to be being renovated. Since then the company has been forced to pay 1m in back pay to staff and offer more staff guaranteed working hours. By Mr Murray also hosted his first music festival last July with his business partner and friend from university, Toby Mullins. 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. It is an extraordinary turnaround for Mr Ashley, 51, who was said to have been heartbroken after the 2002 split with his wife of 14 years. Double Take has survived the pandemic with the assistance of cash and loans from Mash Holdings her father's personal company. Shareholders were outraged by the apparent nepotism which some said could see Michael earning as much as 2.5 million a year. As part of the original flotation agreement, each key senior management team would receive the same bonus and pay while employed by Sports Direct. We have no doubt that institutional investors will seek assurance and clarity about the nature of the business relationships.. 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. 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. Revealed: how Sports Direct effectively pays below minimum wage, Original reporting and incisive analysis, direct from the Guardian every morning. [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. [10], At present[when?] [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. View the profiles of people named Matilda Ashley on Facebook. . Have we let energy giants make too much profit? A member of staff revealed: The finest champagne, wine and food are being delivered. [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. '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? [38], In January 2009, it was reported that interim manager Joe Kinnear had been offered a full-time position at the club by Ashley. House number two, boasts five bedrooms, five bathrooms and a pool. Mr Ashley started Sports Direct 34 years ago with a 10,000 loan from his parents. Profits at Mike Ashleys Sports Direct fell by 57% in the first half of the year after pounds collapse following the Brexit vote. 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. Following Derek Llambias' resignation as managing director in 2013,[48] Ashley briefly took on his position whilst trying to find a replacement. Michael Murray, engaged to Mike Ashley's daughter Anna, is currently head of elevation at Frasers Group. 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. Mike Ashley's company owns the rightsto SportFX for clothing, footwear and sports equipment. 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. Hardly an auspicious start for a man whose personal fortune now tops 2.4 billion. 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. Recent accounts revealed that the company was being financed by loans from his dad. His daughter's fiance is preparing to step into his shoes and become chief executive. 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. [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. Ashley appointed Joe Kinnear to take temporary full-time charge of the squad as he began his search for a new owner. 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. Its become custom for top-performing Sports Direct staff to be rewarded with a stay at the bosss chalets, complete with private chef, and Mike, a keen skier, likes to go along, too. 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. Sports Directs shares fell by 10% to 280p on Thursday. 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. Sports Direct's governance has come under scrutiny from MPs with Mike Ashley admitting the company has become too big for him to control solely. [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. 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. The break-up cost him a reported 50million, and included their 'Millionaires Row' family mansion in north London, making it one of the most expensive divorces in British history. Shearer however was unable to achieve more than 5 points from the 8 games he was in charge, and on 24 May, the Magpies were relegated to the Championship. The latter can be worth up to 1 million. Poor working practices, which include the widespread use of zero hours contracts, have also been attacked by politicians and unions, leading to the announcement of a 15p-an-hour pay rise last week. The Sun website is regulated by the Independent Press Standards Organisation (IPSO), Our journalists strive for accuracy but on occasion we make mistakes. 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. The Ashleys love to celebrate their vast wealth, and during their marriage were known for hosting parties at the family home. We are no longer accepting comments on this article. Retro football shirt fever has exploded, says LEE BOYCE: Is it a fightback from fans over expensive replica kits? By clicking Sign up, you agree to receive marketing emails from Insider The boyfriend of Mike Ashleys eldest daughter could earn about 2.5m a year after being controversially put in charge of Sports Directs property empire. Michael Murray to lead UK and international property team of the controversial sporting retail company. The now 31-year-old was later promoted and took on the responsibility of the group's shop opening and refurbishment plans. The most opulent of the couple's four Spanish properties is a 9.7 million clifftop villa in the swanky resort of Port dAndratx, Majorca. ', 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. To see all content on The Sun, please use the Site Map. BILLIONAIRE Mike Ashley is the man behind Sports Direct and a host of other brands. Some links in this article may be affiliate links. He entered the department store industry following the acquisition of House of Fraser post-administration in 2018. The famously reclusive billionaire has barely given an interview for a decade and never comments on his private life - but friends have previously claimed he could propose to his ex-wife again and had even lost weight after finding happiness with her again. , updated A 50m divorce and then a reunion. ", Sports Direct says in Thursday's update that the deal was done "under market terms and makes good commercial sense.". The group employs more than 20,000 people in the UK and at stores in Ireland, Belgium and Slovenia. Never mind that most of the tracksuits and training shoes he sells are worn by unsporty couch-potatoes rather than gym bunnies, or that the rough-diamond entrepreneur has been nicknamed The Chav King of the High Street. At any other FTSE 100 company, this would not be tolerated. How to choose the best (and cheapest) DIY investing platform and stocks and shares Isa, > Compare the best investing platform for you. Earlier this year the Mail reported the company of which she is director, Century Design and Build, is in liquidation after a High Court order to wind it up. ", "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)". He stated that he would sell up, but only when the club had won a trophy, quickly reiterating that qualifying for the Champions League would also count. Stay up to date with what you want to know. However, Mr Murray has no property experience, according to Companies House, and his only business acumen is running student party events at Reading University, where he used to study. This year, the former nightclub promoter was appointed to a consultancy role in a new 250 million property arm of Sports Direct. The retailer said its profit margins had been hit by the pounds sharp decline since the Brexit vote. His own son, Ollie, is said to have done a short stint of work at Sports Direct. Murray bought a property in Belgravia for 10.75m in June 2013 with Ashley lending him money for the deal. And, despite his high profile, little is known about one of the most colourful tycoons of our age. Anna and her boyfriend Michael Murray have set up home together in a 10.7 million house in London's exclusive Belgravia. Mike Ashley, pictured outside Sports Direct HQ in Derbyshire, received help from his parents to buy his first shop. The company owns SportFX's cosmetics brand. 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. Linda is reportedly trying to sell the house, which she bought after the divorce, to a Middle Eastern buyer but she has another, in nearby Cap Falco, should she crave some Spanish sun. On 31 January 2010, the BBC North East and Cumbria produced a 30-minute documentary detailing Mike Ashley's business successes and lows. 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. It is not clear from whom she bought the property, but her sister Anna and Murray lived there last year. 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. The company owns SportFX's cosmetics brand. 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. Home 1: This is the North London mansion believed to be where Mike Ashley lives - and was seen leaving in his Bentley yesterday, Home 2: A mile away Mrs Ashley is said to live in this mansion, said to be worth around 20million - although one friend says that the couple may live together at weekends, Grand: Mrs Ashley's home is one of London's most prestigious mansions and even has a private golf course in its garden, Distance: Mrs Ashley's public show of support for Mr Ashley was the first public confirmation they are back together but it appears they still live in separate mansions just a mile apart. Hellawell said the directors accepted responsibility for our shortcomings, but there has also been disproportionate, inaccurate and misleading commentary. 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. View our online Press Pack. The company is reeling from a year rocked by scandal, with allegations of abusive working practices and numerous PR gaffes. Security is so tight the fortress can only be seen from the sea. Linda was photographed getting into her ex-husbands Bentley as far back as 2011, but only recently has their rekindled relationship been confirmed.
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