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Elder daughter Anna lives with boyfriend Michael Murray, who runs the property arm of the Sports Direct empire. 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. Its a start and it has to be a good step, but they continue to have real problems., He noted that Sports Directs share price had more than halved since last December, from 650p. [62], In January 2015, Rangers fans protested against Mike Ashley's plans to secure a 10million loan using the club's stadium as security. The company is reeling from a year rocked by scandal, with allegations of abusive working practices and numerous PR gaffes. ", "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)". His daughter's fiance is preparing to step into his shoes and become chief executive. The now 31-year-old was later promoted and took on the responsibility of the group's shop opening and refurbishment plans. [10], At present[when?] Matilda is Ashley's youngest daughter. Its not the first time Mike has helped him out: the deposit for the couples home was a loan from the Bank of Dad. 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. He also felt that Bentez was the right man to keep the club in the Premier League. 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. They did, however, state that they would be reviewing the film closely. Matilda launched her Double Take firm in 2015. Mike Ashley, pictured outside Sports Direct HQ in Derbyshire, received help from his parents to buy his first shop. Mike Murray, who is in a relationship with Mr Ashleys eldest daughter, Anna, has to find new sites for Sports Direct and locations for the companys chain of gyms, which have stores attached. Sports Direct founder Mike Ashley opened his first sports shop nearing four decades ago, depending on his friends and family for support. 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. To see all content on The Sun, please use the Site Map. He added: I begin to question whether this intense scrutiny is all ethically motivated.. [19], In late November 2006, a number of business newspapers reported that Ashley was looking at an IPO of Sports World International. 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. 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. 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. He has amassed an enormous retail . [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 second property, a former nightclub built inside a cave, includes a lift down to a white sand beach. Original reporting and incisive analysis, direct from the Guardian every morning. 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. Sports Direct will get exclusive rights to the . The comments below have not been moderated. [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. A leg-up from Mike Ashley for daughter's beauty firm 2021-07-25 - By Neil Craven SPORTS DIRECT tycoon Mike Ashley has pledged financial support for his daughter's cosmetics company following its fifth consecutive year of losses. 679215 Registered office: 1 London Bridge Street, London, SE1 9GF. His remuneration is based solely on creating value, with the companys non-executive directors overseeing an independent review annually and deciding, in their absolute discretion, how much of any increased value (up to a maximum of 25 per cent) shall be paid to Michael.. He entered the department store industry following the acquisition of House of Fraser post-administration in 2018. Witch, Harridan, Harpy, and new insults like Karen and Terf. Ashley subsequently "received words of advice" from the police during the game. 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. Michael Ashley is a billionaire English retailer with a net worth of $6.3 billion. The neighbourhood wasnt bad: David and Victoria Beckham owned one of the nearby estates. 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. The retailer has a deal with a delivery company called Barlin, which is 100% owned by Mike Ashleys brother John. Lindas company, Current Design and Build, went into liquidation last year leaving her with even more time for swish shopping sprees. Neil Craven, Financial Mail on Sunday Since Sports Direct International Plc went public, and his purchase of Newcastle United where he took to sitting in the stands with fans, Ashley took on a more public and accessible persona. Part of the Daily Mail, The Mail on Sunday & Metro Media Group. 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. . 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,. 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. In 2006, it overtook JJB Sports as the UK's largest sportswear retailer. 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. [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]. '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? 10 miles. By 2006, Sports Direct had more than 150 outlets and owned major brands including Slazenger, Dunlop, Lonsdale, Carlton and Karrimor. 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. Billionaire Ashley said he would continue to financially back SportFX for the 'foreseeable future'. They had split up and then they got back together some years ago. If I get married again, I'll marry here. 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. Want to bookmark your favourite articles and stories to read or reference later? 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. [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. To inquire about a licence to reproduce material, visit our Syndication site. So, Mike Ashley, can we handle the truth? 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." Now, the retail entrepreneur has his own family.. 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. The Equicruiser Super Luxury 7.5T sleeps six, has its own kitchen, TV and DVD player and enough room for two animals to travel. This is not the first deal to involve members of Ashleys family. It would be wonderful for a wedding. And its proud founder was raking in the profits. The company owns SportFX's cosmetics brand. 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. [40], On 27 October, Ashley took Newcastle United off the market after again failing to find a suitable buyer for the club. 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. The Financial Reporting Council (FRC) has since announced that it is investigating Sports Direct's auditors for failing to disclose the arrangement as a "related party. He alluded to their alliance in an interview with The Guardian in 2019, saying: "I'm thinking about the next 10 to 20 years. Few, however, have managed it with quite such aplomb as Murray, 26, who has been dating Anna since 2011. Doncaster-born Michael has been lined up to become chief executive in May next year. Frasers Group changed its name from Sports Direct International last year. For a period he was unable to take his family to matches for fear of abuse. At any other FTSE 100 company, this would not be tolerated. 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? 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. 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. Reunited:Sports Direct International founder Mike Ashley and his ex-wife Linda, who have rekindled their relationship after their 50million break-up in 2002, New life: Mrs Ashley, the mother of Mike Ashley's three adult children, had a son Tyler, pictured together in 2006, withSimon Brodin, an ex-boyfriend of S Club 7 pop star Rachel Stevens. 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. Its now thought to be worth 25 million. 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. Yesterday, Sports Direct refused to. Ashley Furniture HomeStore. [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. 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 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. Mike Ashley's unforgiving approach to business has made him a billionaire - but his generosity knows no bounds when it comes to his family, especially his ex-wife. The company controls 443m of property, plant and equipment. [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. Matilda is listed as a director of a beauty business while Mr Ashley's Mash Holdings made 409million profit last year. The Frasers board told investors that a pay and bonus deal is being drawn up on the basis that Michael will become CEO. 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. How Prince Harry's chat with guru who compared Hamas terrorists to Jews who battled the Nazis has appalled JAN MOIR: Goodbye Ken, the world always seemed safer with you on the airwaves, Abstaining from masturbating RAISES risk of anxiety, depression and erectile dysfunction, study warns. . Loose or informal governance arrangements have the potential to surprise investors, something they would rather avoid. They previously lived at a mews house in Chelsea, which was sold for 5.7million in cash in September to Miss Ashley's 19-year-old sister Matilda. Matilda is Ashley's youngest daughter. [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]. Having studied at a trendy London music school, Mikes son, Ollie, 26, works as a DJ, by the name of DJ Exotica. 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. A member of staff revealed: The finest champagne, wine and food are being delivered. 6195 Coliseum Way, Oakland, CA 94621. 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. Matilda owns a second Chelsea mews house on an adjoining street, which she bought last September for 5.1 million in cash. Mr Ashley once presenting his wife Linda with a stunning Aston Martin DB4. Mr Ashley started Sports Direct 34 years ago with a 10,000 loan from his parents. Murray bought a property in Belgravia for 10.75m in June 2013 with Ashley lending him money for the deal. Linda was photographed getting into her ex-husbands Bentley as far back as 2011, but only recently has their rekindled relationship been confirmed. Murray is the boyfriend of Anna Ashley, the tycoons eldest daughter. His own son, Ollie, is said to have done a short stint of work at Sports Direct. Mike is also a keen gambler. According to the Sunday Times Rich List, he is worth 2.7billion. For other inquiries, Contact Us. Mike Ashley left school at 16, becoming a county-level squash player, then, after an injury, becoming a county-level squash coach. : '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. The retailer is ready to commit 250m towards buying new sites, particularly in south-east of England, and rolling out the new stores. The house appears to be on the market at the moment - and some newspapers have suggested that Mr and Mrs Ashley could marry again. 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. Sports Direct chairman should face the final whistle | Nils Pratley. Instead of opting for a different attire, Ashley chose to take his usual place among the travelling fans for the game. The company owns SportFX's cosmetics brand. People used to crash out overnight on the sofas, she adds. Some links in this article may be affiliate links. By It recently emerged that Mike spent 130,000 on a new horsebox for Matilda. [67], Ashley's Sports Direct firm has a 38.5% stake in retailer Game Digital. Previous gigs include playing for Saudi royalty in Dubai, and in 2014 he set up an internet radio station, called Radar Radio. 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. 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. 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. Hellawell questioned whether this "intense scrutiny is all ethically motivated," saying: "The Board accepts responsibility for our shortcomings, but there has also been disproportionate, inaccurate and misleading commentary.". [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. 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. Ashley HomeStore - East Bay Bridge. Mr Justice Leggatt ruled that no-one would have thought that what Ashley said was serious. 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. 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. We are no longer accepting comments on this article. In his statement, Ashley stated "I have listened to you. This despite the 50 million settlement when they divorced in 2003. And, despite his high profile, little is known about one of the most colourful tycoons of our age. He is once said to have lost 1 million at Aspers Casino in Newcastle. 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. But Linda, a glamorous property developer and interior designer, is certainly making the most of her husbands bulging wallet. Mike made headlines in 2008 after a wild party at a New York nightclub saw him spend 125,000 on alcohol, including 450 bottles of champagne and a 30,000 tip. But in 2014 Mrs and Mrs Ashley were seen stepping into his Bentley after a series of central London dates, including a key dinner in a local curry house. By Martin Robinson, Uk Chief Reporter For Mailonline, Published: 12:59 GMT, 9 June 2016 | Updated: 18:36 GMT, 9 June 2016. 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). '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.'. The next day, Ashley apologised to Newcastle fans for the mistakes made throughout the season, but nonetheless praised all staff, including Shearer and Kinnear, for all their efforts throughout the season. 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. The Ashleys have a 5 million house with landscaped gardens, another outdoor pool and staff accommodation in upmarket Totteridge, North London. Mr Ashley started Sports Direct 34 years ago with a 10,000 loan from his parents. The first major brand he bought was Donnay. In winter, the Ashleys are spoilt for choice. 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. 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. Sports Direct tycoon Mike Ashley has pledged financial support for his daughter's cosmetics company following its fifth consecutive year of losses. 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. A gardener who works on another house next door to Mr Ashley's Barnet home said he sees the billionaire's helicopter fly over almost every Wednesday. That helps us fund This Is Money, and keep it free to use. A friend said when they began dating again: 'Mike never wanted to lose Linda in the first place. Today, Barbara, 78, and Keith, 74, still live in the same house. The companys non-executive directors will oversee an independent review every year to decide with their absolute discretion how much he should be paid. 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'. 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. On 1 April, Ashley appointed Alan Shearer to replace Kinnear as interim manager. On 23 May 2007, in a surprise move, Ashley bought Sir John Hall's 41.6% stake in Newcastle United at one pound per share, for a total cost of 55,342,223[25] via his company St James Holdings Ltd. Recent accounts revealed that the company was being financed by loans from his dad. The main issue was whether the retailers strategic report complied with the Companies Act 2006 requirement to be balanced and comprehensive. 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. Guests arrived by yacht and chauffeured car, while caterers were seen ferrying supplies up the clifftop. [46][47] Alan Pardew was appointed three days later, before his first game in charge against Liverpool. This year, the former nightclub promoter was appointed to a consultancy role in a new 250 million property arm of Sports Direct. Management meetings are frequently held in the nearby Lion Hotel, and can last until 3am. 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. News Group Newspapers Limited in England No. Following Derek Llambias' resignation as managing director in 2013,[48] Ashley briefly took on his position whilst trying to find a replacement. [60], In October 2014, Ashley owned an 8.92% stake in Rangers International Football Club (RIFC), the parent company of Scottish football club Rangers. 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. Mikes come a long way from his humble beginnings in the Buckinghamshire village of Burnham. It is unclear exactly when Murray began working for her father. His eldest, Anna, is a property developer who also sits on the board of her dad's company Frasers Group - parent. Founder Mike Ashley says past six months have been tough but retailer spends 40m on corporate jet. The couple own a lavish 32million eight-bedroom mansion in Miami Beach, Florida, located in a gated community on La Gorce Island. compared conditions at its Shirebrook warehouse to a Victorian workhouse, deal that Sports Direct struck with Barlin Delivery. He was formerly the owner of Newcastle United football club . [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. While Murray, a former nightclub promoter, is undoubtedly chuffed with his new role, where it is estimated he could earn as much as 2.5 million a year, this apparently blatant nepotism is unnerving some Sports Direct shareholders. 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. 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.