Watch out Mike Ashley: Unite the union protesters to target Sports Direct AGM dressed as Dickensian workers over “Victorian” zero-hours contracts September 8, 2015 Sports Direct's AGM tomorrow is set to be an even more lively affair than usual. Unite the union has revealed plans for a protest outside the AGM with members dressed as Dickensian workers. They will be demanding "an end to ‘Victorian’ work practices at the retailer’s nearby Shirebrook warehouse and that the company pays [...]
Investors urged to vote against Mike Ashley and Keith Hellawell at Sports Direct AGM as USC, zero-hour contracts issues rage on September 1, 2015 Sports Direct investors are being advised to vote against both founder Mike Ashley and chairman Keith Hellawell retaining their seats on the board ahead of next week's AGM. Investor group Pirc is recommending six of the 15 resolutions be opposed, and three abstained. Its biggest concern was the large number of staff employed on [...]
Rangers shareholders vote against immediate repayment of Mike Ashley’s £5m loan June 17, 2015 More than half of Rangers' shareholders have voted against paying back Mike Ashley's £5m immediately. The Sports Direct founder and owner of Newcastle called a meeting at Ibrox on Friday – which he did not attend personally – seeking repayment of the loan as well as an explanation for why the club had delisted from [...]
Rangers EGM: Mike Ashley fails to show as Dave King argues against £5m loan repayment June 12, 2015 Rangers shareholders have voted on whether the club should repay a £5m loan to Mike Ashley at an extraordinary general meeting called by the Sports Direct owner this morning. Ahead of the vote chairman Dave King told shareholders that repaying the loan to Ashley, who owns an 8.9 per cent stake in Rangers through MASH [...]
Rangers fans call for boycott as Mike Ashley’s Sports Direct wins EGM injunction June 11, 2015 A Rangers fans' group has called for a merchandise boycott after Mike Ashley won an injunction preventing the club's board from revealing confidential information about its retail deal with Sports Direct. Rangers shareholders will meet at Ibrox tomorrow after Ashley called an extraordinary general meeting to demand the repayment of a £5m loan. At the [...]
Mike Ashley steps down from Newcastle board after demanding Rangers repay £5m loan June 10, 2015 Mike Ashley has stepped down from the Newcastle United board of directors and will be replaced by newly appointed head coach Steve McClaren. Former England manager McClaren has signed an initial three-year deal with the Tyneside club, after being sacked as Derby County manager last month. By combining coaching duties with boardroom duties, McClaren will [...]
Newcastle receive more TV money than every club outside top four except Liverpool June 3, 2015 Despite a wretched season that saw Newcastle only secure survival on the last day season, the Mike Ashley-owned club received more money from Premier League TV fees than every single club outside the top four and Liverpool. Read more: How much of Mike Ashley's money goes on Newcastle transfers? Newcastle received £16.2m in "facility fees" (the [...]
Mike Ashley adds MegaValue.com high street store to Sports Direct business June 1, 2015 Mike Ashley rarely sits still. With his ownership of the beleaguered Newcastle United dominating the headlines, the Sports Direct owner has quietly added a new high street business to his interests. Read more: Rangers and Sports Direct boss Mike Ashley has too much power, says IoD The subtly-titled MegaValue.com is a new discount store that recently appeared [...]
Mike Ashley’s Sports Direct share price rises after raising profit outlook May 28, 2015 Sports Direct's share price shot up more than four per cent ahead after upping its profit forecast for its most recent financial year, ahead of its AGM today. The sportswear retailer's employees and major third party suppliers will gather to hear updates on the group's current and future performance, raised its profit and earnings outlook for [...]
Mike Ashley is unlikely to sell Newcastle even if they’re relegated – a sports business professor explains May 18, 2015 Relegation to the Championship could be a blessing in disguise for Newcastle United fans should their team lose and Hull City win this Sunday, former chairman Freddy Shepherd has said – because it could be what finally forces the deeply unpopular Mike Ashley to hand over the club to anyone who'll take it. Read more: Newcastle [...]