His daughter's fiance is preparing to step into his shoes and become chief executive. Me and Mike are working like a partnership.". ', Close: Mr and Mrs Ashley were married for around 14 years - there was around 12 years when they were not together but it appears they are going strong again, Sports Direct billionaire Mike Ashley's daughter Anna, left, has been dating Michael Murray since 2011 - he has been handed a plum role with Mr Ashley's sports company, Mr Ashley's youngest child Matilda'ssocial media profiles are full of glamorous selfies, left, she owns a Chelsea house bought for 5million - her brother Oliver works in radio rather than for the family business. Much like Petra and Tamara Ecclestone, the cosseted daughters of Formula 1 boss Bernie, the Ashleys children, Anna, Matilda and Ollie, lead a life others could only dream of. The company said in an announcement to the stock exchange: "The group's elevation strategy is transforming the business and receiving positive feedback from consumers and our brand partners, especially on projects such as the new Oxford Street Sports Direct which opened in June 2021. Mr Ashley once presenting his wife Linda with a stunning Aston Martin DB4. Security is so tight the fortress can only be seen from the sea. Aware of her husbands love of football (he did spend 135 million buying Newcastle United), Mrs Ashley even arranged for a number of big screens to show Englands Euro 2016 match. He now lives with Miss Ashley in a flat in Chelsea, just a stones throw from Harrods and not far from where Mr Ashley made a 200m investment in John Lewiss former Peter Jones warehouse. The couple are said to have met in their early twenties when the Sports Direct mogul was a squash coach and had set up his first sports shop. [63] Some Rangers supporter groups heavily criticised Ashley and expressed major concern and distrust about his nature and purpose of his intentions. Estate agent records show the home was let out in March for 3,250 a week. [68] In June 2019, The Times reported that Ashley placed a 52 million bid to buy the company. Oliver Parry, senior corporate governance adviser at the IoD, said: Although it is ultimately up to each individual company to determine who they appoint to executive roles, shareholders will rightly be concerned about the appointment process surrounding Michael Murray, as well as how he will be remunerated. [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. But soon this wasnt roomy enough for his growing family son Oliver was born in 1990, daughter Anna in 1991 and Matilda in 1997 and in 1993 Mike and Linda upscaled to a 5 million house with landscaped gardens, another outdoor pool and staff accommodation in upmarket Totteridge, North London. [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. , updated Sports Directs shares fell by 10% to 280p on Thursday. Its not the first time Mike has helped him out: the deposit for the couples home was a loan from the Bank of Dad. Mr Ashley's wife and children have the run of the family's private property portfolio, including a seven-bedroom mansion in North London. So, Mike Ashley, can we handle the truth? Ashley was also forced to defend himself in January after he gave his daughter's boyfriend a 10 million loan on behalf of the company and a high-powered job managing property for Sports Direct. By Martin Robinson, Uk Chief Reporter For Mailonline, Published: 12:59 GMT, 9 June 2016 | Updated: 18:36 GMT, 9 June 2016. But not even billionaires can travel everywhere by air. Nationwide hikes cost of home loans just weeks after cutting Thrills without frills: New five-seater MG5 EV all-electric estate designed with 'keep it simple' maxim in mind, SMALL CAP MOVERS: Baron Oil falls despite upbeat report; Accrol surges after kitchen towels deal with Unilever. as well as other partner offers and accept our, NOW WATCH: It took 2 cranes to lift the 41-tonne plane that skidded off an icy runway in Turkey, The Financial Reporting Council (FRC) has since announced that it is investigating, Ashley was also forced to defend himself in January. Mrs Ashley's mansion appears to be on the market at the moment - and some newspapers have suggested that Mr and Mrs Ashley could marry again. [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. 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. Linda, a glamorous property developer and interior designer, is famed for her sense of style. Neil Wilson, senior market analyst at forex and spread-betting firm ETX Capital, said: The company is blaming everyone else and its true that negative PR of this scale is very hard to shake. Mr Ashley's Frasers Group said it would buy 46 leisure clubs and 31 retail outlets from DW Sports Fitness for 37m to merge with its own business. Neighbours who say the first thing Ashley did was raise the security gates and surrounding walls are still getting used to his garish Christmas display. Ashley said his long term ambition for Sports Direct was to become the Selfridges of sports retail. 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. At the meeting Dave Whelan, the founder of JJB Sports, reportedly told Ashley: "There's a club in the north, son, and you're not part of it."[24]. You want me out. Upon the broadcast of the BBC documentary, Mike Ashley Uncovered, his dealings at Newcastle United were detailed, with it being announced that he only discovered upon purchase of the club how much debt the club was in, and that it cost him another 100m upon purchase to steady the club's financial security, having not viewed the account books prior to purchase. Neil Craven, Financial Mail on Sunday Ashley Furniture HomeStore. The profit slump has hit shares hard, with shares down over 7% at close to 10.20 a.m. GMT (5.20 a.m. . Matilda launched her Double Take firm in 2015. [22], In March 2020, Ashley and Sports Direct came under heavy criticism after an announcement that they would stay open despite increased government restrictions associated with the COVID-19 outbreak. This week as the Sports Direct owner faced MPs over the 'Gulag' conditions suffered by his staff, the glamorous Linda Ashley came with him to Westminster despite their 50million divorce in 2002. Witch, Harridan, Harpy, and new insults like Karen and Terf. [19], In late November 2006, a number of business newspapers reported that Ashley was looking at an IPO of Sports World International. The club was warned by the League Managers Association the next day, to develop a structure which would satisfy the next manager to replace Keegan to avoid a similar situation repeating itself and damaging the club's image. His own son, Ollie, is said to have done a short stint of work at Sports Direct. Recent accounts revealed that the company was being financed by loans from his dad. 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. In addition, Murrays former home in Chelsea is now owned by Matilda Ashley, the tycoons youngest daughter, who paid 5.1m for the property in September. Its become custom for top-performing Sports Direct staff to be rewarded with a stay at the bosss chalets, complete with private chef, and Mike, a keen skier, likes to go along, too. Since then the company has been forced to pay 1m in back pay to staff and offer more staff guaranteed working hours. How much is Sports Direct supremo Mike Ashley worth? No further comment has been made. Published: 02:01 GMT, 12 November 2016 | Updated: 09:43 GMT, 13 November 2016. 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. In its half-year profits update Sports Direct said the Barlin deal was entered into under market terms, and makes good commercial sense. He is at risk of being categorised as a de facto or shadow director under existing guidelines, making him subject to the same duties and liabilities as Sports Directs board. [15][16], Ashley has a 29.4% stake in Blacks Leisure Group, the owner of Millets and Mambo,[17] and is thought to hold stakes in JJB Sports and 19% of JD Sports. Ashley is the owner of Newcastle United, a Premier League soccer team. Mikes other two properties are thought to be in Playa de las Americas, a lively resort in Tenerife, near the holiday retreats of Penelope Cruz, Jennifer Lopez and Mariah Carey. The company is reeling from a year rocked by scandal, with allegations of abusive working practices and numerous PR gaffes. The company controls 443m of property, plant and equipment. Sports Direct chairman should face the final whistle | Nils Pratley. This service is provided on News Group Newspapers' Limited's Standard Terms and Conditions in accordance with our Privacy & Cookie Policy. On 28 December, Ashley announced that the club was no longer up for sale, after he had failed to find an acceptable buyer. [73] The couple quietly divorced in 2003, culminating in one of the biggest settlements in British legal history, with Ashley reportedly handing over the family home, multiple properties and assets with a total worth of 50m. Lee Charnley was quietly announced as his successor in 2014. 'I haven't ever seen his wife and I've never seen him in person but I know his helicopter.'. [56], Mike Ashley has since been engaged in various legal battles with the Premier League,[57][58] after Newcastle United released a statement saying that "the club and its owners do not accept that Premier League chief executive Richard Masters and the Premier League have acted appropriately" in relation to their conducting of the Owners' and Directors' Test. The Sun website is regulated by the Independent Press Standards Organisation (IPSO), Our journalists strive for accuracy but on occasion we make mistakes. The retailer said its profit margins had been hit by the pounds sharp decline since the Brexit vote. It recently emerged that Mike spent 130,000 on a new horsebox for Matilda. She lives with boyfriend of five years Michael Murray, 27, in a 10.7 million house in Knightsbridge and its he who seems to be the breadwinner, thanks to a little help from Daddy. For other inquiries, Contact Us. Mike is stepping down from his role as boss and is gearing up to hand the reins over to his daughter's fiance, who is widely seen as his right hand man. He also bought Newcastle United but many fans are not keen on him. Now we step inside the breathtakingly extravagant world of the Flashy Ashleys . Instead of opting for a different attire, Ashley chose to take his usual place among the travelling fans for the game. SportFX makes products which it says are designed to withstand the rigours of busy and varied lifestyles, promising 'whether you're bossing it at work, in the gym or on the dancefloor, we have you covered'. A. He was formerly the owner of Newcastle United football club . But in 2014 Mrs and Mrs Ashley were seen stepping into his Bentley after a series of central London dates, including a key dinner in a local curry house. 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. Want to bookmark your favourite articles and stories to read or reference later? Journalist Chris Jackson travelled to Thailand to visit the factories in which Ashley's material for his brand of Lonsdale is made. The second property, a former nightclub built inside a cave, includes a lift down to a white sand beach. A gardener who works on another house next door to Mr Ashley's Barnet home said he sees the billionaire's helicopter fly over almost every Wednesday. While Linda's jet-set personal life sounds idyllic, some of her more recent business ventures appear to have hit some obstacles. 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. Mike Ashley's unforgiving approach to business has made him a billionaire - but his generosity knows no bounds when it comes to his family, especially his ex-wife. The waitresses were amazed when he ordered 100 bottles of Cristal and proceeded to hand them out to clubbers and spray them over his friends, an onlooker remembered. But Linda, a glamorous property developer and interior designer, is certainly making the most of her husbands bulging wallet. Matilda, Anna and Oliver, from 1998 to 2003. Last week, Sports Direct bowed to growing pressure over its employment practices and announced it would increase the pay of thousands of staff on the minimum wage by 15p an hour. Matilda Ashley's make-up range SportFX was launched last year with the help of reality-TV celebrities, such as Made in Chelsea's Louise Thompson His daughter Matilda's make-up business,. He has amassed an enormous retail . Murray is a director at Mash Services, a new vehicle linked to Ashleys main company Mash Holdings, as well as McGrove Developments, Ashleys new property group, and Strawberry Place Newcastle Limited, which owns land next to Newcastle Uniteds football stadium and plans to develop offices, student homes and a hotel. [73][75], Learn how and when to remove this template message, "Company Overview of SportsDirect.com Retail Ltd: People", "Mike Ashley: Sports Direct's media-shy owner enters spotlight", "Newcastle's unlikely lad Mike Ashley calls shots", "Mike Ashley, a shy and retiring retail insurgent", "Sports Direct's Mike Ashley: nasty or nice? Doncaster-born Michael has been lined up to become chief executive in May next year. Even worse, many such slurs aren't from men but 'I couldn't do it without you': Victoria Beckham poses with her whole family after her PFW show - as she Brooklyn Beckham puts on a loved-up display with wife Nicola Peltz as they head back to hotel after Cruz Beckham supports his mother Victoria as he carrying his very own VB handbag on the way to her show Like father, like daughter! Though the offices are based at a Grade II-listed building in Burnham, Matilda lives in Chelsea in a 5.1 million mews house that appears to be being renovated. Murrays remuneration is based solely on creating value, Sports Direct said. The controversy comes after a Guardian investigation revealed that the company effectively pays thousands of temporary workers below the national minimum wage of 6.70 an hour and subjects warehouse staff to a regime of searches and surveillance. The house, formerly owned by pop impresario Mickie Most, has four garages, a cinema and indoor and outdoor pools.
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