Nike pulls clothes and shoes from Amazon amid digital push November 13, 2019 Nike is pulling its clothes and shoes from e-commerce site Amazon as part of a pivot to selling directly to customers. Nike announced late on Tuesday that it was ending a pilot scheme to sell its goods through Amazon which began in 2017. “As part of Nike’s focus on elevating consumer experiences through more direct, [...]
23 Capital: Meet the London-based finance company behind Barcelona’s signing of Antoine Griezmann and Atletico Madrid’s deal for Joao Felix November 5, 2019 Football’s two biggest deals of the summer transfer window had something in common, and not just that Atletico Madrid was either the buying or selling club. The other unifying factor in the signings of £113m Portuguese sensation Joao Felix and £108m France forward Antoine Griezmann was the involvement of financing from London-based 23 Capital on [...]
City chiefs hit back after Jeremy Corbyn criticism October 31, 2019 City chiefs hit back at Jeremy Corbyn last night after the Labour leader launched a stinging personal attack on some of the country’s most prominent business figures. Retail tycoon Mike Ashley, branded a “bad boss” by Corbyn, told City A.M. the Labour leader was “clueless” and accused him of lying. Read more: Tories tap up [...]
If Arsenal have to sack Unai Emery, at least they are finally well placed to manage the change October 31, 2019 However bad the team’s current malaise may seem for Arsenal supporters – and how much the Unai Emery-orchestrated on-field disarray might escalate – there is one element of the club’s recent evolution that offers some succour. Where once the Gunners looked rudderless at the very top, a club drifting under the distracted eye of an [...]
Why the Rugby World Cup could force up player wages and bring legal challenges to the sport’s salary cap October 31, 2019 When Japan and South Korea hosted football’s World Cup in 2002, it precipitated a significant increase in Asian investment in the sport. Takeovers of high-profile European clubs followed, as did multi-million pound Asia-only sponsorship deals with star players. With the first Rugby World Cup to be held in Asia about to conclude, this milestone could [...]
Goals Soccer Centres bought by Soccerworld and private equity firm Inflexion after accounting fiasco October 31, 2019 Five-a-side football operator Goals Soccer Centres has been acquired today by rival Soccerworld and private equity firm Inflexion. Goals has been hit by an accounting scandal after its auditor BDO discovered it had mis-declared VAT amounting to at least £13.2m. The company delisted its shares from Aim in August after it declared it was unable [...]
All Grant Thornton’s scandals are denting partners’ profits October 31, 2019 Partner profit at embattled accountancy firm Grant Thornton UK dropped this year after the firm was embroiled in a series of scandals and its chief executive stepped down after an internal coup. In a year to forget for the UK’s sixth-largest accountancy firm, partner profits fell nearly six per cent to £323,000 from £343,000. The [...]
General election 2019: Jeremy Corbyn pledges to go after ‘greedy bankers’ as Labour launches campaign October 31, 2019 Jeremy Corbyn has pledged to go after “the greedy bankers” and “bad bosses” as he kicks off his election campaign in South London this morning. The Labour leader spoke before a packed hall of supporters at the Battersea Arts Centre, near Clapham. Read more: Labour’s renationalisation plans would cost £200bnRead more: EXCLUSIVE: Tories tap up [...]
Mike Ashley hits out at competition watchdog over JD Sports probe October 30, 2019 Retail tycoon Mike Ashley has slammed the UK’s competition watchdog for its investigation into the merger between JD Sports and Footasylum, saying it has overstated Sports Direct’s share of the market. The Competition and Markets Authority (CMA) is investigating whether JD Sports’ £90m takeover of Footasylum could result in higher prices and reduced competition in [...]
Mike Ashley calls Goals Soccer Centres’ move to call in SFO ‘too little, too late’ October 29, 2019 Mike Ashley today blasted a reported move by embattled Goals Soccer Centres to enlist the Serious Fraud Office (SFO) to investigate suspected fraud. The Sports Direct owner called the alleged action “far too little, too late”. Read more: Goals Soccer Centres calls in fraud watchdog The billionaire added that it “is a deliberate case of [...]