Mike Ashley loans Rangers £10m which will be used to pay back loans from… Mike Ashley January 27, 2015 Rangers have agreed to take a £10m loan from Mike Ashley, which has been secured against the club's Murray Park training ground and registered trademarks. Ashley, who also owns Newcastle United, will take control of 26 per cent of the club's retail business as a result. The founder of Sports Direct has a 8.9 per [...]
Mike Ashley weighs up bid for Evans Cycles January 26, 2015 SPORTS Direct founder Mike Ashley is looking to expand his retail empire after joining several suitors in considering a bid for Evans Cycles. Private equity group Active Capital hired Canaccord Genuity last year to find a buyer for the cycling specialist, which has 56 stores and employs around 1,200 people. Sports Direct is understood to [...]
Newcastle named the 19th richest club in the world – but how much of Mike Ashley’s money goes on transfers? January 22, 2015 Newcastle United are the 19th richest football club on the planet. In an era in which St. James’ Park has become synonymous with fan discontent, that seems tough to believe. Yet according to Deloitte’s Football Money League for the 2013/14 season, the north east club made more cash than European giants such as Roma, [...]
Sports Direct share price tumbles after Mike Ashley sells three per cent stake January 21, 2015 Sports Direct shares have fallen over five per cent in this morning's trading after Goldman Sachs revealed yesterday that it was selling a 2.57 per cent stake on behalf of company founder Mike Ashley. Ashley’s holding in the UK’s biggest sports retailer has been cut down to 55 per cent following the placing of 15.4m [...]
Newcastle United owner Mike Ashley to raise £117m from Sports Direct share sale January 20, 2015 Goldman Sachs is selling up to 15.4m ordinary shares in sports retailer Sports Direct on behalf of founder and deputy executive Mike Ashley. In a statement the investment bank said it would immediately start selling the shares by way of an accelerated bookbuild to institutional investors. At today’s closing price of 751p per [...]
Rangers: Mike Ashley ally Sandy Easdale increases stake January 20, 2015 Sandy Easdale, chairman of the Rangers football board, has increased his stake in the company to 6.45 per cent. The businessman now owns a total of 5.3m ordinary shares in Rangers International Football Club after purchasing just over 1m at a price of 1p per ordinary share on Friday. Easdale also has the [...]
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 [...]