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 [...]
David Somers takes executive role at Rangers after Wallace’s sudden exit October 30, 2014 David Somers has become executive chairman of Rangers International Football Club, following the departture of two directors this week. Somers, who was non-executive chairman, takes on the new role with immediate effect. According to a statement he will “liase directly with senior staff within the club about the operation of the business, and he [...]
Sports Direct “to be held to account” over zero-hours contracts October 28, 2014 Sports Direct is being forced to make clear its zero-hours contracts do not guarantee work as part of a wide-reaching set of legally-binding promises agreed after an employee took legal action against the retailer. The Mike Ashley-owned business, which currently employs around 20,000 staff on the controversial contracts, has agreed to re-write its job [...]
Ex-Liverpool boss Christian Purslow joins Chelsea in new commercial role October 27, 2014 Chelsea have hired former Liverpool managing director Christian Purslow to run the club's global commercial activities Purslow is not a direct replacement for chief executive Ron Gourlay who departed Stamford Bridge last week, with chairman Bruce Buck and director Marina Granovskaia assuming his responsibilities. “The club has ambitious plans to build the Premier [...]
Banks to report as BT is likely to reveal growth – London Report October 26, 2014 THIS WEEK sees a number of banks reporting, with four of the UK’s five biggest lenders due to reveal third-quarter results. Lloyds and Standard Chartered report tomorrow. With Lloyds the focus is expected to be on 9,000 job cuts and a string of branch closures. Standard Chartered’s execs have been under pressure this year. After [...]
Rangers’ finance chief Philip Nash resigns after Mike Ashley oust threat October 25, 2014 Glasgow Rangers' share price tumbled this afternoon on the news that director Philip Nash quit, three weeks after Mike Ashley called for his removal. Nash, who had prior stints as finance chief of both Liverpool and Arsenal, was brought in at the start of the year to help improve the club's standing after it [...]
Debenhams share price dips as 21 per cent fall in profits revealed October 23, 2014 Debenhams' share price opened lower this morning, after the retailer revealed a 20.6 per cent fall in pre-tax profit for the last year. Over the 12 months to August 30, the department store chain saw underlying pre-tax profit drop to £110.3m, in line with expectations, while reported pre-tax profit fell 23.9 per cent to [...]
As Labour proposes giving football fans seats on club boards, would this improve the sport? October 19, 2014 Robin Osterley is chief executive of Supporters Direct, says Yes. Pretty much everyone working in the game likes to argue that football clubs are a special form of business that hold a very significant place in cultural and social terms – not just as actual sports businesses. Clubs are prepared to invest significantly in promoting [...]
Police to probe death threats aimed at Flower October 15, 2014 DEATH threats directed towards banned Wigan prop Ben Flower following his Super League Grand Final dismissal for punching St Helens’ Lance Hohaia were last night being investigated by police. The abusive remarks were made from a single Twitter account and included comments such as Flower “deserves to be shot”, his “last days are approaching” and [...]
Everything is not awesome: Lego to drop Shell contract after Greenpeace oil spill video goes viral October 9, 2014 Greenpeace knows the value of social media. So does Lego. And, if it didn't before, now Shell does too. The toy manufacturer has announced it will not renew its multi-million-pound contract with the oil giant, after a parody video using Lego blocks to depict an Arctic oil spill went viral, notching up nearly six [...]