Also on Thursday, the FRC wrapped up an earlier investigation into Sports Direct, which probed why the firm failed to discuss the development and performance of the firm's international stores in its last Annual Report. The company is reeling from a year rocked by scandal, with allegations of abusive working practices and numerous PR gaffes. Under this measure, Murray could collect up to 2.58m in remuneration. Mr Ashley has another daughter, Matilda, aged 20. Visit your local Champs Sports at 15555 East 14th Street in San Leandro, California to get your head-to-toe hook up on the latest shoes and clothing from Jordan, Nike, adidas, and more. Matilda is the daughter of Sports Direct founder Mike Ashley. Sports Directs shares fell by 10% to 280p on Thursday. [11] In mid-2006, it was also revealed that Ashley had held talks with John Hargreaves, founder of Matalan on both taking a 25% stake in the retail business and installing mezzanine floors in larger Matalan stores, on which Sports World outlets could be operated. One photo shows her surrounded by shirtless young men at an event organised by Sintillate an exclusive party company operating in the UK, Majorca, Ibiza and Marbella. Recent accounts revealed that the company was being financed by loans from his dad. The famously reclusive billionaire has barely given an interview for a decade and never comments on his private life - but friends have previously claimed he could propose to his ex-wife again and had even lost weight after finding happiness with her again. [74], Ashley is protective of his private life. This week, there was more controversy as MPs, dispatched to one of his factories to inspect working conditions, claimed they had found a hidden camera planted under a plate of sandwiches in a private meeting. Mr Ashley started Sports Direct 34 years ago with a 10,000 loan from his parents. He built it up from a single shop in Maidenhead, Berkshire, into one of the nation's most successful retailers and holds a 55 per cent stake in the company, currently valued at around 1.4 billion. 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. Mom who lost both sons to fentanyl blasts laughing Biden, Missing hiker buried under snow forces arm out to wave to helicopter, Pavement where disabled woman gestured at cyclist before fatal crash, Isabel Oakeshott receives 'menacing' message from Matt Hancock, Pro-Ukrainian drone lands on Russian spy planes exposing location, 'Buster is next!' Mike Ashley has three children - two daughters and one son - with ex-wife Linda. 'Mike Ashley is only 51 and will have no desire to step down for a long time,' said one City insider. As well as indulging Ashley's love of football, the couple are known for spending their spare time hosting lavish parties, and Mike is also a keen gambler. Mrs Ashley told a luxury lifestyle magazine: 'We've had a few good parties here. BILLIONAIRE Mike Ashley is the man behind Sports Direct and a host of other brands. Michael Ashley is a billionaire English retailer with a net worth of $6.3 billion. No further comment has been made. Having studied at a trendy London music school, Mikes son, Ollie, 26, works as a DJ, by the name of DJ Exotica. Linda has always been stylish the couples wedding in Gothenburg was a sophisticated affair but as her husbands bank balance has risen, she has developed a taste for expensive designer clothes. This year, the former nightclub promoter was appointed to a consultancy role in a new 250 million property arm of Sports Direct. Project Mondo G is a Mercedes G-Wagen in a puffer jacket, New Honda's Civic: family car with rebellious bad boy in its line-up, Advert for the 1998 first generation of the Audi TT, Ford scrapping 1,300 jobs in UK amid European overhaul. People used to crash out overnight on the sofas, she adds. Now, the retail entrepreneur has his own family.. His daughter's fiance is preparing to step into his shoes and become chief executive. Feeling flush after the divorce, Linda spent 6 million building another house in 2006: a seven-bedroom abode with a cinema, gym, spa, sauna, bowling alley and golf course out the back. 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. Speaking on Radio 4s Today programme, Simon Walker, director general of the Institute of Directors, said the company was making changes, but that they did not go far enough. 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. The FRC said that Sports Direct had agreed to include more detailed commentary in future reports, and considered the matter "concluded.". 15:11 GMT 25 Jul 2021. Over the next decade, the enterprise just kept growing. Retro football shirt fever has exploded, says LEE BOYCE: Is it a fightback from fans over expensive replica kits? We are no longer accepting comments on this article. [52], Ten months later, and with the departure of McClaren and the arrival of Rafael Bentez, Ashley gave another interview. Ashley Furniture HomeStore. They previously lived at a mews house in Chelsea, which was sold for 5.7million in cash in September to Miss Ashley's 19-year-old sister Matilda. [35], On 14 September, Ashley made a statement announcing he had put the club up for sale, a day after the first home game since Keegan's resignation, which Ashley did not attend, a 21 defeat to newly promoted Hull City. After considering a takeover, Ashley took a 9million stake and signed a long-term deal with Umbro. 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. compared conditions at its Shirebrook warehouse to a Victorian workhouse, deal that Sports Direct struck with Barlin Delivery. 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 Matilda launched her Double Take firm in 2015. On 31 January 2010, the BBC North East and Cumbria produced a 30-minute documentary detailing Mike Ashley's business successes and lows. [67], Ashley's Sports Direct firm has a 38.5% stake in retailer Game Digital. [66], On 13 December 2022 it was reported that Ashley had told the club they had no business to be playing football in the stadium, This would ultimately cause backlash from the club and the fans as Coventry had previously signed a contract letting them stay in the stadium for and extra 10 years back in 2021. 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. Matilda Ashley's company Double Take will get no royalties or other fees until at least September 2019, Sports Direct says, when the terms of the deal will be reassessed. Ashley's popularity increased further with the return of Kevin Keegan as manager on 16 January 2008,[30] to replace the previous regime's relatively unpopular choice Sam Allardyce. 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. As a sole trader and not having to file accounts at Companies House, little was known about him. [26] On 7 June, it was confirmed that chairman Freddy Shepherd had agreed to sell his 28% share to Ashley, which left Ashley free to take control of the club. [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. 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. He entered the department store industry following the acquisition of House of Fraser post-administration in 2018. Looking for Matilda Ashley online? Ashley attended a meeting at the Cheshire home of David Hughes, the chairman of now bankrupt rival Allsports. Few, however, have managed it with quite such aplomb as Murray, 26, who has been dating Anna since 2011. [38], In January 2009, it was reported that interim manager Joe Kinnear had been offered a full-time position at the club by Ashley. Double Take a cosmetics company owned by Mike Ashley and where 20-year-old Matilda Ashley is a director is licensing the rights to a beauty brand called Sports FX to Sports Direct. 'But it is classic entrepreneur behaviour: if they don't have a son who wants to take over, they turn to the son-in-law.'. , updated When the daily grind gets too much, the Ashleys have not one but four Spanish hideaways in which to sip sangria. 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. Corporate governance watchdogs criticised Sports Direct, the sporting retailer controlled by Ashley, after the retailer revealed that Michael Murray would lead its UK and international property team. Royalties and other fees may be paid to Double Take, but not until after 2019. 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.. admitting the company has become too big for him to control solely. Ashley Furniture HomeStore. You want me out. Ashley said: The last six months have been tough for our people and performance. Start your Independent Premium subscription today. Mr Ashley's spokesman said today he does not comment on his personal life. They separated in 2010 Simon now lives in a 3.5 million home in London and Tyler, 12, is thought to live with his mother. Mike pumped cash into Oliver's debt-ridden radio business in 2016 while paying his Sports Direct workers less than the minimum wage.