He was formerly the owner of Newcastle United football club, having bought it for 135million in 2007 until selling the club in October 2021. But Linda, a glamorous property developer and interior designer, is certainly making the most of her husbands bulging wallet. 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. 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? Billionaire Mike also owns Newcastle United football club. 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. A friend said when they began dating again: 'Mike never wanted to lose Linda in the first place. Guests arrived by yacht and chauffeured car, while caterers were seen ferrying supplies up the clifftop. It is not clear from whom she bought the property, but her sister Anna and Murray lived there last year. The 26-year-old is still listed as a shareholder in a party promotion business, TM Bars Limited, which he set up with Mr Mullins. [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. [69], In August 2020, Ashley's Fraser Group purchased assets from the gym and fitness chain DW Sports, in a deal worth up to 44 million. [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]. He's happy, she's happy, and to the amazement of people who know them, Mike and Linda are now getting back together.'. The Financial Reporting Council said it had discussed certain issues with the company following its review of the 2015 annual report and accounts. 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. Witch, Harridan, Harpy, and new insults like Karen and Terf. He also felt that Bentez was the right man to keep the club in the Premier League. What is his net worth? Listed on Forbes as Britain's 20th richest and the world's 782nd richest man in 2017. 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. [67], Ashley's Sports Direct firm has a 38.5% stake in retailer Game Digital. He is at risk of being categorised as a de facto or shadow director under existing guidelines, making him subject to the same duties and liabilities as Sports Directs board. His own son, Ollie, is said to have done a short stint of work at Sports Direct. 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. House number two, boasts five bedrooms, five bathrooms and a pool. Mike Ashley has three children - two daughters and one son - with ex-wife Linda. 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. '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? In his statement, Ashley stated "I have listened to you. 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. [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. But if chairman Keith Hellawell does eventually go on 5 January [at a shareholder meeting] and someone like independent director David Brayshaw steps in, then we might see investors warm a little more to the stock and this could be the nadir.. 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 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. Published: 02:01 GMT, 12 November 2016 | Updated: 09:43 GMT, 13 November 2016. Its not the first time Mike has helped him out: the deposit for the couples home was a loan from the Bank of Dad. 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. [65], On 17 November 2022, Ashley bought the CBS arena, Coventry City's stadium, in an attempt to save the football club from debts. By Martin Robinson, Uk Chief Reporter For Mailonline, Published: 12:59 GMT, 9 June 2016 | Updated: 18:36 GMT, 9 June 2016. 10 miles. Along the way, Mr Ashley has been dogged with controversy particularly over allegedly 'Dickensian' working conditions at the company's main warehouse in Shirebrook, Nottinghamshire. The main issue was whether the retailers strategic report complied with the Companies Act 2006 requirement to be balanced and comprehensive. 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. The group employs more than 20,000 people in the UK and at stores in Ireland, Belgium and Slovenia. 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. 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. "The Sun", "Sun", "Sun Online" are registered trademarks or trade names of News Group Newspapers Limited. 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. They separated in 2010 Simon now lives in a 3.5 million home in London and Tyler, 12, is thought to live with his mother. Estate agent records show the home was let out in March for 3,250 a week. Ashley attended a meeting at the Cheshire home of David Hughes, the chairman of now bankrupt rival Allsports. 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. 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. 'After they got back together he used to come round on a Friday night and stay the weekend and then she would visit him. [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. She spent another 2 million buying the cottage next door, which acts as a gatehouse to the property, now worth 20 million. EXCLUSIVE: Head teacher of leading grammar school is sacked for sending parents a list of striking teachers. Facebook gives people the power to share and makes the world more. 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. However, after the departure of Kevin Keegan as manager and the club's relegation, he has only made low key appearances when attending Newcastle matches. Please refresh the page or navigate to another page on the site to be automatically logged in, Please refresh your browser to be logged in, Read more Sports Direct has already scored its first own goal of the year, Boyfriend of Mike Ashley's daughter in line for Sports Direct millions, Extra 10% Nike discount code for students, 20% off selected items with this Footasylum discount code, 15% off when you sign up - New Balance newsletter discount, Extra 20% off selected fashion and sportswear at Very, Compare broadband packages side by side to find the best deal for you, Compare cheap broadband deals from providers with fastest speed in your area, All you need to know about fibre broadband, Best Apple iPhone Deals in the UK March 2023, Compare iPhone contract deals and get the best offer this March, Compare the best mobile phone deals from the top networks and brands. 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. 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). 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. Mike Ashley's company owns the rightsto SportFX for clothing, footwear and sports equipment. . 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. By Mike is also a keen gambler. Of course, going out with the boss's daughter is a tried-and-tested route to career advancement. 6195 Coliseum Way, Oakland, CA 94621. He was also tasked with modernising the business and creating a more upmarket image. The FRC said that Sports Direct had agreed to include more detailed commentary in future reports, and considered the matter "concluded.". 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. John Ashley received an annual 150,000 salary . 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. Murray previously ran student nights in Reading, Berkshire with a friend. The couple have recently got back together after splitting in 2003. The 20million property has a bowling alley, home cinema decorated with life-sized Oscar statues, a golf course, a swimming pool and staff cottages. (Despite this, he has taken on the role of CEO since making those comments.) The couple own a lavish 32million eight-bedroom mansion in Miami Beach, Florida, located in a gated community on La Gorce Island. Party girl Matilda, 19,set up cosmetics firm Sport FX. This service is provided on News Group Newspapers' Limited's Standard Terms and Conditions in accordance with our Privacy & Cookie Policy. 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. Sports Direct chairman should face the final whistle | Nils Pratley. On 1 April, Ashley appointed Alan Shearer to replace Kinnear as interim manager. View our online Press Pack. [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. Like her sister, Matilda, 19, has inherited her mothers good looks. The house, formerly owned by pop impresario Mickie Most, has four garages, a cinema and indoor and outdoor pools. At Sports Direct, Mr Murray will be . Friends say Ashley adores her and always has. 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. To see all content on The Sun, please use the Site Map. 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. Michael Murray, engaged to Mike Ashley's daughter Anna, is currently head of elevation at Frasers Group. 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. 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. Glamorous: Mrs Ashley is an interior designer from Sweden and the couple are believed to have married in Gothenburg in the late 1980s. Project Mondo G is a Mercedes G-Wagen in a puffer jacket, New Honda's Civic: family car with rebellious bad boy in its line-up, Advert for the 1998 first generation of the Audi TT, Ford scrapping 1,300 jobs in UK amid European overhaul. 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. Mike Ashley travels regularly by helicopter, and also owns a fleet of expensive cars. 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. Murray is the boyfriend of Anna Ashley, the tycoons eldest daughter. The company included information about stores in Austria and the Baltic states in Thursdays results and the FRC said its inquiries had been concluded. 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. 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. By clicking Sign up, you agree to receive marketing emails from Insider [56], Mike Ashley has since been engaged in various legal battles with the Premier League,[57][58] after Newcastle United released a statement saying that "the club and its owners do not accept that Premier League chief executive Richard Masters and the Premier League have acted appropriately" in relation to their conducting of the Owners' and Directors' Test. 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,. On 28 December, Ashley announced that the club was no longer up for sale, after he had failed to find an acceptable buyer. Its said they rarely speak to their son, now the 45th richest man in Britain. Retro football shirt fever has exploded, says LEE BOYCE: Is it a fightback from fans over expensive replica kits? If that wasnt enough, Linda also owns a lakeside home near Stockholm in Sweden. Mike Ashley, pictured outside Sports Direct HQ in Derbyshire, received help from his parents to buy his first shop. Sports Direct's senior executives live locally in a cluster of houses, worth around 400,000 each. Hellawell said the directors accepted responsibility for our shortcomings, but there has also been disproportionate, inaccurate and misleading commentary. For other inquiries, Contact Us. This does not affect our editorial independence. Mike Ashley left school at 16, becoming a county-level squash player, then, after an injury, becoming a county-level squash coach. As part of the original flotation agreement, each key senior management team would receive the same bonus and pay while employed by Sports Direct. 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. Its products sold in her fathers stores include 24.99 mesh leggings and 9.99 sports mascara. 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. [34] This led to prolonged protests by fans directed against Ashley and Wise, being dubbed the "Cockney Mafia." A spokesman for the Ashley family did not comment last night. Mike prides himself in shunning Armani suits for cheap High Street tracksuits and carries his mobile phone in a plastic bag. How to choose the best (and cheapest) DIY investing platform and stocks and shares Isa, > Compare the best investing platform for you. Sports Direct tycoon Mike Ashley pledges financial support for daughter's cosmetics company following its fifth consecutive year of losses. 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. And its proud founder was raking in the profits. 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. The retailer said its profit margins had been hit by the pounds sharp decline since the Brexit vote. 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. Friends say Ashley adores her and always has. He founded his empire with a single store, Mike Ashley Sports, in 1982. 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. In the wake of the Guardians investigation Walker called Sports Direct a scar on British business. 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. 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 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. In August, Sports Direct was found. EXCLUSIVE: Head teacher of leading grammar school is sacked for sending parents a list of striking teachers. 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. 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. 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. 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. Considering the importance of Mr Murrays role to Sports Directs future, shareholders and other employees deserve to know more about this appointment.. He adores her and always has. . Some things have changed because yesterday he left home driving his Bentley, but old habits die hard. Murray bought a property in Belgravia for 10.75m in June 2013 with Ashley lending him money for the deal. 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. 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. "[36] He also stated that while he had the utmost respect for Keegan, he no longer wanted to subsidise the club due to believing it would not be safe for him or his family to attend matches in future. In 1996, having expanded to 50 outlets, the firm was rebranded as Sports Soccer and acquired the Donnay brand. While Linda's jet-set personal life sounds idyllic, some of her more recent business ventures appear to have hit some obstacles. 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 bought the property three years ago for 21 million, but has reportedly increased its value by 10 million. A scathing parliamentary committee report later compared conditions at its Shirebrook warehouse to a Victorian workhouse. 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. She is engaged to Michael Murray after reportedly meeting him on holiday in Majorca in 2011. His eldest daughter Anna is married to Michael Murray, who has an influential role at Ashley's Sports Direct to House of Fraser retail empire. 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. Billionaire Ashley said he would continue to financially back SportFX for the 'foreseeable future'. Ricky's is a well known . [63] Some Rangers supporter groups heavily criticised Ashley and expressed major concern and distrust about his nature and purpose of his intentions. 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. Nationwide hikes cost of home loans just weeks after cutting Thrills without frills: New five-seater MG5 EV all-electric estate designed with 'keep it simple' maxim in mind, SMALL CAP MOVERS: Baron Oil falls despite upbeat report; Accrol surges after kitchen towels deal with Unilever. 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. They now live in a multimillion pound mansion in London's posh Belgravia. 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. For her 50th birthday in June, Linda spent 1 million on an opulent bash at her Majorcan mansion. Recent accounts revealed that the company was being financed by loans from his dad. [51] With Steve McClaren's appointment as head coach, Ashley stepped down from the Newcastle United board of directors. A. 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. 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.. Ashley subsequently "received words of advice" from the police during the game. Just a couple of days later, the company made a U-turn on this decision, announcing that they would be closing until given the green light to reopen by the government. [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. [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. The Frasers board told investors that a pay and bonus deal is being drawn up on the basis that Michael will become CEO. Matilda is Ashley's youngest daughter. 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. as well as other partner offers and accept our, NOW WATCH: It took 2 cranes to lift the 41-tonne plane that skidded off an icy runway in Turkey, The Financial Reporting Council (FRC) has since announced that it is investigating, Ashley was also forced to defend himself in January. Thomas ColsonSports Direct founder Mike Ashley outside his Shirebrook warehouseLONDON - Sports Direct is buying a 40 million corporate plane and doing a makeup The comments below have not been moderated. Frasers Group changed its name from Sports Direct International last year. 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. Murrays remuneration is based solely on creating value, Sports Direct said.
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