Ashley hits back at Jones’ loan claims July 19, 2009 The bitter row between Sports Direct’s Mike Ashley and JJB Sport’s executive chairman Sir David Jones intensified yesterday after Ashley released a contract showing that the £1.5m personal loan was paid after Jones joined JJB’s board, contradicting a former statement by the group. The loan agreement, a copy of which has been seen by City [...]
JJB Sports shares dive on cash call July 6, 2009 JJB SPORTS yesterday suffered a 25 per cent plunge in its share price to 23p after investors were rattled by a confirmation of a £50m rights issue and a controversial row involving executive chairman Sir David Jones. The ailing sportswear chain yesterday said it is looking to raise working capital in a placing and open [...]
JJB Sports shares dive on cash call July 6, 2009 JJB SPORTS yesterday suffered a 25 per cent plunge in its share price to 23p after investors were rattled by a confirmation of a £50m rights issue and a controversial row involving executive chairman Sir David Jones. The ailing sportswear chain yesterday said it is looking to raise working capital in a placing and open [...]
JJB prepares for AGM row July 23, 2009 SPORTSWEAR tycoon Mike Ashley is threatening to make an explosive appearance at arch rival JJB Sport’s annual meeting today. The showdown will centre on the exact chronology of Ashley’s £1.5m personal loan to JJB’s executive chairman Sir David Jones, which could pose a conflict of interest. JJB Sports maintains that the £1.5m loan, which has [...]
JJB pledges support for Jones in spat July 7, 2009 AILING sportswear retailer JJB Sports yesterday backed its executive chairman Sir David Jones amid a growing storm over a £1.5m loan he received from Mike Ashley, chief executive of arch-rival Sports Direct. JJB Sports said that the board had given its “unanimous support” to Jones and said it believes “that he is the right person [...]
Spurs pluck 8m Bassong out of Toon August 6, 2009 TOTTENHAM manager Harry Redknapp yesterday moved to patch up his injury-ridden back line by agreeing an £8m deal for Newcastle defender Sebastien Bassong. The 23-year-old has admitted he is leaving St James’ Park following the Magpies’ relegation to the Championship, and is thought to have passed a medical at Spurs. Redknapp, meanwhile, needs cover at [...]
Jones puts his house in order as loan row grows July 9, 2009 Embattled JJB executive chairman Sir David Jones has put his main home on the market, in the midst of a storm over a £1.5m loan from Sports Direct owner Mike Ashley. It was revealed yesterday that Jones has been trying to sell his seven bedroomed home in West Yorkshire for three months. The property features [...]
Ex-Sunderland director wants to buy Newcastle July 12, 2009 FORMER Sunderland director Charlie Chawke admitted yesterday that he is plotting to buy bitter local rivals Newcastle. Chawke, part of the Drumaville consortium that bought Sunderland in 2006, said he had opened talks about buying the Magpies from sportswear tycoon Mike Ashley. The Irish publican faces competition from several other groups, with Malaysian and American [...]
Newcastle takeover bid attracts local attention June 7, 2009 Mike Ashley could be close to escape from his controversial spell as owner of Newcastle United after it was revealed there was “real and decent interest” in the football club from more than one Tyneside party. Sports Direct owner Ashley is desperate to sell the club, which was relegated from the Premier League last month, [...]
Ashley’s new bargain basement June 14, 2009 Newcastle United owner Mike Ashley has set up a £1 shop in the former Burberry headquarters in London’s West End, despite budget retailer TK Maxx being blocked from opening nearby. The former up-market building is now plastered with “sports clearance” signs. It is believed Ashley’s Sports Direct chain is using the store to clear old [...]