Ashley’s Sports Direct plans on Australia launch July 14, 2014 Sports Direct is set to make its first foray into Australia through a tie-up with MySale after buying a stake in the flash sales site last month. The sports retail giant, controlled by billionaire tycoon Mike Ashley, plans to open three stores in Australia and one in New Zealand through a joint venture with MySale. [...]
Billionaire Mike Ashley offloads a £218m stake in Sports Direct April 7, 2014 SPORTS Direct founder Mike Ashley is to sell £218m of his majority stake in the retailer in the latest twist in a series of events that saw him snap up a stake in House of Fraser just days ago. Ashley is selling up to 25m shares in Sports Direct through an accelerated bookbuilding run by [...]
Crispin Odey boosts Ashley’s hopes of a £39m bonus pot December 13, 2012 CRISPIN ODEY, the influential hedge fund tycoon and Sports Direct investor, said yesterday he was fully in favour of the retailer reintroducing a bonus scheme that could hand its founder Mike Ashley a £39m windfall. Odey Asset Management is Sports Direct’s second largest shareholder after Ashley and holds a 6.58 per cent stake in the [...]
JJB Sports calls time as it hires administrators September 25, 2012 AILING retailer JJB Sports yesterday confirmed it will appoint administrators after failing to receive an offer for the entire company, putting up to 4,000 jobs at risk. Shares in the group – which were worth a total of as much as £1bn a decade ago – were suspended yesterday and remaining investors, including US tycoon [...]
Dragon adds fire to fight for Blacks Leisure stores January 5, 2012 DRAGONS’ Den star and serial entrepreneur Peter Jones has thrown his hat in the ring for the troubled outdoor goods retailer Blacks Leisure, which was put up for sale last month. Jones, who is on the panel of the BBC reality TV show, has emerged as one of the four trade bidders to have tabled [...]
Dragon adds fire to fight for Blacks Leisure stores January 5, 2012 DRAGONS’ Den star and serial entrepreneur Peter Jones has thrown his hat in the ring for the troubled outdoor goods retailer Blacks Leisure, which was put up for sale last month. Jones, who is on the panel of the BBC reality TV show, has emerged as one of the four trade bidders to have tabled [...]
Deadline for Blacks bids draws closer as January 3, 2012 SPORTS DIRECT, the retailer controlled by the billionaire football tycoon Mike Ashley (pictured), is understood to be one of four interested buyers expected to place a bid for the ailing outdoor retailer Blacks Leisure within the next two days. Blacks, which put itself up for sale last month after failing to secure extra funding, is [...]
WHAT THE OTHER PAPERS SAY THIS MORNING May 23, 2010 FINANCIAL TIMES PRINCE ANDREW’S TRADE ROLE DEFENDED Buckingham Palace defended Prince Andrew’s globetrotting role promoting British business on Sunday after a newspaper sting appeared to show his former wife selling access to him for £500,000, offered by a reporter posing as a tycoon. Both the royal household and the government said the Duke of York’s [...]
WHAT THE OTHER PAPERS SAY THIS MORNING July 26, 2009 THE SUNDAYThe Sunday TelegraphVIRGIN TRAINS EYES BID FOR EAST COAST FRANCHISESir Richard Branson, the Virgin tycoon, has indicated that his company is ready to make a bid for the East Coast Main Line rail franchise. The Government is to re-nationalise the London to Scotland route for at least 12 months from the end of 2009 [...]
Ashley enlists Harris for his Geordie exit May 31, 2009 SEYMOUR Pierce yesterday confirmed it had been appointed to achieve a rapid sale of Mike Ashley’s football club Newcastle United. Keith Harris, chairman of the City broker has advised on a number of football deals, including playing a pivotal role in selling Chelsea to the Russian tycoon Roman Abramovich in 2003. If the sale of [...]