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We are no longer accepting comments on this article. It recently emerged that Mike spent 130,000 on a new horsebox for Matilda. This caused fierce local rivals Sunderland to publicly refuse to give Ashley permission to wear it in the Stadium of Light corporate box for the TyneWear derby on 10 November. Having studied at a trendy London music school, Mikes son, Ollie, 26, works as a DJ, by the name of DJ Exotica. Sports Direct issued the statement after reports that Murray had been appointed as a director to companies connected to Ashley. Revealed: how Sports Direct effectively pays below minimum wage, Original reporting and incisive analysis, direct from the Guardian every morning. [25] On 31 May, it was reported that the Newcastle board were considering Ashley's offer. The next day, Ashley apologised to Newcastle fans for the mistakes made throughout the season, but nonetheless praised all staff, including Shearer and Kinnear, for all their efforts throughout the season. Retro football shirt fever has exploded, says LEE BOYCE: Is it a fightback from fans over expensive replica kits? [49][50], On the final day of the 201415 season, Ashley gave his first televised interview to Sky Sports, eight years after buying the club. Witch, Harridan, Harpy, and new insults like Karen and Terf. Both properties are in Linda's name, as is a cliff-top home in Majorca. However, by paying Murray as a consultant and not directly employing him, Sports Direct does not have to make the same financial and regulatory disclosures. On 1 April, Ashley appointed Alan Shearer to replace Kinnear as interim manager. When Mike Ashley met his wife, Linda, a Swedish-born economics graduate, in 1986, he was a lowly squash coach working in a sports shop in Maidenhead. But her then husband continued to drive his well-worn Vauxhall Cavalier, but thisdidn't last forever, however, because Mr Ashley traded it in for a new Ford Sierra a few years later. The couple previously lived in a nearby three-storey mews house, which was bought by Mr Ashley's youngest daughter, Matilda, for 5.1m four months ago. The most opulent is a 9.7 million clifftop villa in the swanky resort of Port dAndratx, Majorca, frequented by celebrities with superyachts and off-duty oligarchs. [71], He was educated at Burnham Grammar School in Burnham, Buckinghamshire. "The board consider it appropriate that Michael leads us forward on this increasingly successful elevation journey.". Sports Direct said in a statement: Michael has a consultancy arrangement with the company, is not paid a salary, and is not a director of any company within the Sports Direct Group. Journalist Chris Jackson travelled to Thailand to visit the factories in which Ashley's material for his brand of Lonsdale is made. Original reporting and incisive analysis, direct from the Guardian every morning. Looking for Matilda Ashley online? The now 31-year-old was later promoted and took on the responsibility of the group's shop opening and refurbishment plans. Friends say Ashley adores her and always has. The first major brand he bought was Donnay. Since Sports Direct International Plc went public, and his purchase of Newcastle United where he took to sitting in the stands with fans, Ashley took on a more public and accessible persona. Meanwhile, Anna's younger sister, Matilda, is listed as a director of a beauty business and until recently lived in a rented four-bed mews house in London's Chelsea. Sports Direct, which has 400 stores across the country, said the primary task for the property team was to find new sites for its larger format stores and its combined retail and gym units. Witch, Harridan, Harpy, and new insults like Karen and Terf. While Linda's jet-set personal life sounds idyllic, some of her more recent business ventures appear to have hit some obstacles. By Martin Robinson, Uk Chief Reporter For Mailonline, Published: 12:59 GMT, 9 June 2016 | Updated: 18:36 GMT, 9 June 2016. Our people have once again found themselves in the spotlight through no fault of their own, yet they remain hard working and loyal. For a period he was unable to take his family to matches for fear of abuse. [31], On 30 August 2008, Ashley was shown on live television drinking beer while with fans in the away stand during Newcastle's game against Arsenal in London, contravening Premier League licensing rules stating that alcohol may not be consumed in sight of the pitch. Poor working practices, which include the widespread use of zero hours contracts, have also been attacked by politicians and unions, leading to the announcement of a 15p-an-hour pay rise last week. The arrangement is the latest in a string of deals involving Ashley's family members. Market Report: Sports World owner grabs stake in John David, "Personal finance How to grow your wealth and spend less money", "Mike Ashley wins high court battle over '15m pub deal', "Sports Direct U-turns on opening after backlash", "Billionaire Ashley launches Newcastle takeover", "Premier League side Newcastle re-appoint Kevin Keegan as their new manager", "Premier League Magpies warned after Keegan exit", "Newcastle United ordered to pay Kevin Keegan 2million in damages", "Boss Chris Hughton sacked by Newcastle United", "Chris Hughton not treated 'decently' by Mike Ashley Lord Alan Sugar", "Derek Llambias resigns as managing director of Newcastle United", "Lee Charnley Appointed Managing Director", "Who is Lee Charnley? But fast forward 30 years and Mike, the tycoon who founded Sports Direct and owns Newcastle United football club, has become a notorious and highly controversial figure while raking in vast amounts of money from his myriad businesses. Its parked at a stables in Radlett, Hertfordshire, where insiders say Matilda or, more likely, her dad pays between 800 and 900 a month for her horse to be mucked out. Financial documents for the year to April 2020 made available in recent days reveal that Double Take owes more than 1.6million to Mash Holdings. Sports Direct announced on Thursday that veteran banker David Brayshaw is joining the board as a non-executive director and joining the company's audit committee. [28] 100% acquisition was achieved in July with Ashley paying a total of around 134million to buy the club. To see all content on The Sun, please use the Site Map. Linda moved Simon, currently director of five businesses including a textile wholesaler and soft furnishings manufacturer, into her two Totteridge mansions and in 2004 the couple had a son, Tyler. Prince Andrew has 'offered to manage prestigious Royal estates including Balmoral but King Charles has told PLATELL'S PEOPLE: Yes, Madonna toyboys are fun but not if you value your dignity. The budget sportswear retailer has also struck a licensing deal with makeup brand SPORT FX, which is owned by a company where Matilda Ashley is a director. [42] The club released future plans in the same statement, announcing the club would attempt to sell the club's stadium naming rights to raise funds to clear debts of the club, causing outrage among Newcastle fans across the world who felt the club would lose tremendous heritage with the name of St James' Park changed. How remorseless Stephen Bear continued his arrogant antics up until Martin Robinson, Uk Chief Reporter For Mailonline, Do not sell or share my personal information. His remuneration is based solely on creating value, with the companys non-executive directors overseeing an independent review annually and deciding, in their absolute discretion, how much of any increased value (up to a maximum of 25 per cent) shall be paid to Michael.. Reunited:Sports Direct International founder Mike Ashley and his ex-wife Linda, who have rekindled their relationship after their 50million break-up in 2002, New life: Mrs Ashley, the mother of Mike Ashley's three adult children, had a son Tyler, pictured together in 2006, withSimon Brodin, an ex-boyfriend of S Club 7 pop star Rachel Stevens. Hardly an auspicious start for a man whose personal fortune now tops 2.4 billion. joining the board as a non-executive director and joining the company's audit committee. According to the Institute of Chartered Accountants in England and Wales, a person can be categorised as a de facto director if they are negotiating with third parties on behalf of the board. Matilda launched her Double Take firm in 2015. The views expressed in the contents above are those of our users and do not necessarily reflect the views of MailOnline. Murdaugh is heckled as he leaves court, Ken Bruce finishes his 30-year tenure as host of BBC Radio 2, Moment teenager crashes into back of lorry after 100mph police race, Alex Murdaugh unanimously found GUILTY of murder of wife and son, Isabel Oakeshott clashes with Nick Robinson over Hancock texts, Family of a 10-month-old baby filmed vaping open up, Ukrainian soldier takes out five tanks with Javelin missiles. On 31 January 2010, the BBC North East and Cumbria produced a 30-minute documentary detailing Mike Ashley's business successes and lows. Sports Direct chairman Keith Hellawell blamed an "extreme political, union and media campaign" for the profit slump, saying it has "damaged its reputation and influenced our customers." My immediate priority will be to protect the people at Sports Direct.. It is understood the company does not have to disclose Mr Murray's appointment or family ties as he was not appointed to the Sports Direct. Designed to look like a seagulls wing from the air, the villa has seven bedrooms, an infinity pool, tennis courts and an amphitheatre overlooking the ocean. According to The Sunday Times Rich List in 2021, Ashley is the 61st richest person in the UK with an estimated net worth of 2.718 billion. The board should provide more details about how they will assess his value and what his targets will be, which should be high achieving. Matilda is listed as a director of a beauty business while Mr Ashley's Mash Holdings made 409million profit last year. Matilda is Ashley's youngest daughter. This is not the first deal to involve members of Ashleys family. Mr Ashley once presenting his wife Linda with a stunning Aston Martin DB4. Birthday: September 9, 1964 ( Virgo) Born In: Burnham 7 5 Business People #328 Quick Facts British Celebrities Born In September Also Known As: Michael James Wallace Mike Ashley Age: 58 Years, 58 Year Old Males Family: Spouse/Ex-: Linda Ashley siblings: John Ashley children: Anna Ashley, Matilda Ashley, Oliver Ashley British Men Virgo Entrepreneurs Anna and her boyfriend Michael Murray have set up home together in a 10.7 million house in London's exclusive Belgravia. They now live in a multimillion pound mansion in London's posh Belgravia. Were mortgage rates below 4% a flash in the pan? [33] Keegan drove to Manchester to consult with the League Managers Association chief-executive Richard Bevan; while in this meeting it is thought Ashley found out from Llambias of the row and attempted to contact Keegan. The Institute of Directors, the business leaders group, said the arrangement would not be tolerated at other companies and warned that shareholders would seek assurances over Murrays role and qualifications. In 2006, it overtook JJB Sports as the UK's largest sportswear retailer. Elder daughter Anna lives with boyfriend Michael Murray, who runs the property arm of the Sports Direct empire. 3839 Emery St Suite 300, Emeryville, CA 94608. Michael Ashley is a billionaire English retailer with a net worth of $6.3 billion. [37] In the following weeks, after an apparently unsuccessful trip to the Middle East to reportedly solicit potential buyers, Ashley later instructed a London law firm to handle the sale of the club. EXCLUSIVE: Head teacher of leading grammar school is sacked for sending parents a list of striking teachers. He adores her and always has. Mr Ashley's 33-room pillared mansion down the road in London's Beverly Hills has a sweeping drive, four garages and its near-neighbours are said to include Arsene Wenger and several members of One Direction. I've had enough of life': Grandmother, 86, is reduced to tears after killjoy Tory RICHARD LITTLEJOHN: As Florida governor and Donald Trump rival Ron DeSantis steps up his bid to win the Hairy Bikers star Dave Myers speaks out on his deep depression after chemotherapy which left him having 'How I snatched JK Rowling's baby out of her abusive husband's arms - and helped her flee with the Harry Top equestrian rider, 39, once known as the 'golden girl' of horse eventing, is facing jail after being A possum feared extinct is discovered by an amateur naturalist in Papa New Guinea being cooked on a Now California reparations panel RAISES amount it wants to give 1.8m black people from $220,000 to $360,000 My weekly horoscope: What will March 4th 2023 bring for MY star sign? The company already has its own helicopter, a fleet of vehicles and also owns an inn in Worksop. Mrs Ashley told a luxury lifestyle magazine: 'We've had a few good parties here. [55] However, on 30 July 2020 the consortium pulled out of the buying process, citing the prolonged delay from the Premier League to communicate a decision as causing their acquisition of Newcastle United to become untenable. As a sole trader and not having to file accounts at Companies House, little was known about him. Sports Direct boss Mike Ashley has a person fortune topping 2.4billion Thirty years ago he was a squash coach who worked in a sports shop Ashley is said to have recently rekindled his. That helps us fund This Is Money, and keep it free to use. In 1996, having expanded to 50 outlets, the firm was rebranded as Sports Soccer and acquired the Donnay brand. And, despite his high profile, little is known about one of the most colourful tycoons of our age. She and her daughter Anna, who both describe themselves as property developers, are also listed as directors of a company called RAAA, which has also been dissolved. Since then the company has been forced to pay 1m in back pay to staff and offer more staff guaranteed working hours. Mike made headlines in 2008 after a wild party at a New York nightclub saw him spend 125,000 on alcohol, including 450 bottles of champagne and a 30,000 tip. In that time, he and Linda who wed in her native Sweden in 1989 have been married for 14 years, separated for 14 more and are now said to have rekindled their relationship. Mike prides himself in shunning Armani suits for cheap High Street tracksuits and carries his mobile phone in a plastic bag. One theory in City circles is that Mr Ashley is grooming Murray to take over the whole company. Shares have recently hit two-and-a-half year lows and analysts have criticised Mr Ashleys use of the company, in which he has a 55 per cent stake, for making investments in other companies including Debenhams, Tesco, Direct Golf and Findel. By Neil Craven, Financial Mail on Sunday. The Ashleys have a 5 million house with landscaped gardens, another outdoor pool and staff accommodation in upmarket Totteridge, North London. Mike Murray, who is in a relationship with Mr Ashleys eldest daughter, Anna, has to find new sites for Sports Direct and locations for the companys chain of gyms, which have stores attached. But he has now set up a London-based online radio station. The Ashleys love to celebrate their vast wealth, and during their marriage were known for hosting parties at the family home. He said at the time: 'I'm a dad who can't take his kids to a football game on a Saturday because I'm advised we would be assaulted. Part of the Daily Mail, The Mail on Sunday & Metro Media Group. He was also tasked with modernising the business and creating a more upmarket image. Oscar Cainer tells all. In August, Sports Direct was found to be paying hundreds of thousands of pounds to a company run by Ashley's brother for making international deliveries on behalf of the retailer. [41] A Newcastle statement confirmed, "Mike Ashley is totally committed to the future success of Newcastle United and will be focused on gaining promotion back to the Premier League. Demand for English language and upskilling courses set to continue boosting education publisher Pearson sales as Mother-of-two is fined 100 for overstaying 15-minute limit as she queued up for a car wash - an hour after Rightmove shrugs off housing market blues with dividend hike as profits near 200m despite slowdown, Taxi driver gets 60 parking fine after stopping outside McDonald's for 47 seconds to pick up a customer. The house, formerly owned by pop impresario Mickie Most, has four garages, a cinema and indoor and outdoor pools. This week the billionaire Sports Direct boss Mike Ashley was forced to admit to paying some staff less than the minimum wage as he was accused of subjecting them to 'Victorian' working conditions. The financial reporting watchdog noted that there was no discussion of Sports Directs international stores, which are a significant part of its business.