Mike Ashley and Rangers board draw fan protests over £10m Ibrox loan offer January 17, 2015 The board of Rangers football club and shareholder Mike Ashley have drawn the ire of football fans over a potential £10m loan to the struggling Scottish club. Hundreds of Rangers fans gathered at the Ibrox Stadium last night to protest against the offer made my the Sports Direct and Newcastle United owner who wants the [...]
Mike Ashley’s USC bought out of administration by… Mike Ashley’s Republic January 16, 2015 Mike Ashley's fast fashion retailer USC has been bought out of administration by… Mike Ashley's fast fashion retailer Republic. A notice of intention to put USC, which was bought out by Sports Direct in 2011, into administration was filed last week, with the threat that the company's 90 stores would shut, putting hundreds of [...]
Mike Ashley offers Rangers £10m loan in return for securities on Ibrox January 15, 2015 Mike Ashley appears to have offered flailing Rangers a life-line, but in order to accept the Scottish club's board will have to renege on promises previously made to fans. The Newcastle United owner is ready to provide a £10m loan to the club, but in return will want securities on its Ibrox stadium and [...]
Mike Ashley’s USC goes into administration with hundreds of jobs at risk January 8, 2015 Hundreds of jobs could be lost at Mike Ashley's fashion chain USC after filing a notice of the intention to appoint receivers at the High Court yesterday. A third of USC's 90 stores, which are believed to employ 1,000 staff are set to close. On Wednesday morning, dozens of staff at the USC warehouse in [...]
Mike Ashley’s influence at Rangers grows as Derek Llambias appointed chief executive December 19, 2014 Just days after the Scottish Football Association served Rangers with complaints over Mike Ashley’s influence at the club, Derek Llambias, a long-standing acquaintance of the Newcastle United owner, has been appointed chief executive. Why it’s interesting Mike Ashley, the reviled owner of Newcastle United, has an agreement with the Scottish Football Association not to increase [...]
MySale share price collapses: Sir Philip Green and Mike Ashley lose millions after slump December 15, 2014 MySale shares collapsed by 52 per cent yesterday, costing its backers Sir Philip Green and Mike Ashley millions of pounds, after the flash sales website warned on profits, The company said pre-tax profits for the year to 30 November were expected to be “materially below market expectations”, despite reporting double-digit rise in sales. It blamed [...]
Sports Direct brushes off England’s early World Cup exit but results show even Mike Ashley can’t predict the weather December 11, 2014 Sports Direct has brushed off England's disappointing World Cup performance but it seems owner Mike Ashley is not immune to the unseasonal weather. The figures Group revenue rose 6.5 per cent to £1.4bn in the six months to 26 October. Underlying earnings before interest, taxes, depreciation, and amortisation rose 11pc to £203.1m, excluding charges related to the [...]
Mike Ashley’s Sports Direct gives up naming rights to Rangers Ibrox Stadium and loans club an extra £1m November 12, 2014 Mike Ashley has given up his rights to rename Rangers football club’s Ibrox stadium and loaned the struggling club an additional £1m. The Sports Direct owner, who also owns a stake in the Scottish club, bought the naming rights two years ago for just £1, but the deal was only revealed in September. The miniscule [...]
Mike Ashley positions former Newcastle United MD Derek Llambias as Rangers director November 3, 2014 Former managing director of Newcastle United Derek Llambias has been appointed non-executive director of Rangers, after being nominated by Mike Ashley's venture Mash Holdings. Llambias, who is a long-time associate of Ashley, had been acting as a consultant for the club after the sudden departures of chief executive Graham Wallace and finance director Philip [...]
Mike Ashley to make £2m loan to Rangers FC October 27, 2014 RANGERS chief executive Graham Wallace has resigned after less than a year in the role, as the Scottish football club accepted a £2m loan from Newcastle owner Mike Ashley. In a statement issued yesterday, Rangers’ board thanked Wallace for “his contribution to the club during a difficult period”. Wallace was appointed chief executive in November [...]