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 [...]
Sports Direct share sell-down gives Ashley £117m cash boost January 20, 2015 SPORTS Direct founder Mike Ashley has employed Goldman Sachs to help him reduce his stake in the company from 58 to 55 per cent. Goldman Sachs said it was placing up to 15.4m shares in the retailer on behalf of Ashley, which at yesterday’s closing share price of 760.5p, would be worth £117m. Ashley, who [...]
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 considers two shareholder offers and could use Ibrox stadium as security January 19, 2015 The board of Rangers football club is considering two offers from existing shareholders to help rescue the Scottish club from financial difficulties. The club has also admitted that its stadium, Ibrox, could potentially be used as security on any financing, despite previously insisting it would not be used on a loan. “At the current time [...]
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 [...]
HMV beats Amazon and reclaims top spot as Britain’s biggest retailer of physical music January 16, 2015 HMV is making a comeback on the high street, reclaiming the top spot as the UK's biggest seller of physical music, with vinyl sales soaring to their highest in over 20 years. Total sales climbed to £365.7m in the year to December, up from £311.2m from the same period the previous year. Like-for-like CD sales [...]
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 [...]
‘Basketball has all the attributes to be Britain’s true second sport’ January 14, 2015 The NBA’s Ben Morel tells Frank Dalleres about their plans to expand in London IF YOU are lucky enough to be among the 20,000 or so witnessing the NBA’s dazzling roadshow tonight at the O2 then you are probably either a celebrity or quick out of the blocks. Tickets for the match between the Milwaukee [...]
Bid to restrict online ticket touts defeated in parliament after government wins vote January 13, 2015 A bid to introduce stricter regulations for online ticket touts whose websites re-sell event tickets failed yesterday, after the government won a vote to overturn it by 289 votes to 204. Last week leading figures in sports, music and theatre wrote an open letter calling for the inclusion of a clause in the consumer rights [...]