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Mike Ashley -- Irrelevant Cunt


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Actually thought that was quite funny...

 

tbh I'd have told them to jog on as well after getting stick for the choice of sponsor which is categorically none of any politicians business.

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How many instances are there of Premier league owners (considering he leaves the actual running to other people) meeting their local MPs to discuss how they run the club? I'm willing to bet not many.

 

If someone contacted him representing his SD customers for a word about how he does things do you think he'd meet them? would he fuck.

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Yeah I dunno actually - forging relationships with political figures can be helpful for businesses, the one I work for does this frequently. More importantly though it's what this gesture represents. She is an elected figure, representing the people. Mike Ashley rejected her approach, despite the concerns about bad PR. We all knew he doesn't give a fuck, but this is really on the nose.

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So this is going to be the week when Mike Ashley can rightly say he is getting the hang of this football lark.

 

European ties against the likes of Benfica in April

A transfer / wage system that works

A squad that just keeps getting better

Great season ticket deals for fans

And a profit making football club

 

And all this before the the big bucks TV money rolls in.

 

Of course it hasn't been delivered without pain, but few revolutions are smooth.

 

We will rightly hear all sorts of praise for dynamic duo this week and once again our club will be heralded as the blue print for most clubs to follow.

 

So where now? What about the next few years? How can we as a club take advantage of this solid foundation and become a regular top four challenger?

 

 

Carson yeung jailed for 6 years over his money laundering and links to triads. Aye, Ashleys a cunt but there's a lot worse out there.

 

Compare and contrast.

 

At first we are going to 'rightly hear all sorts of praise' for him and our club be 'heralded as a blue print for other clubs to follow', then it's been downgraded to he's 'a cunt but there's a lot worse out there'. :lol:

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Mike Ashley in line for £65m share award from Sports Direct

 

Sports Direct founder Mike Ashley will be awarded share options worth more than £65m in a pay scheme unveiled by the retailer.

 

The billionaire, who holds a controlling stake of 62 per cent in the sports goods retailer, will receive another 8m shares, which at a share price of 8.17p on Tuesday morning was worth £65.36m and represents 1.3 per cent of the group’s issued share capital.

 

Shareholders will vote on the proposal at a meeting on April 4.

 

The shares would transfer to Mr Ashley, who is not going to vote on the proposal, in July 2018.Mr Ashley had received no pay since Sports Direct’s initial public offering in 2007, the company said in a statement, and that he had been instrumental in the retailer’s market capitalisation rising from less than £2bn to about £5bn since September 2012. It added that “various independent shareholders” had already been consulted.

 

The pay scheme is dependent on Sports Direct making full-year earnings before interest, tax, depreciation and amortisation of £330m this year and £410m next year, and hitting a net debt to ebitda ratio of 1.5 or less by the end of 2015.

 

The company last month spent £50m taking a 4.6 per cent stake in Debenhams, after the department store chain issued a severe profit warning and its finance director resigned.

Keith Hellawell, chairman of Sports Direct, said: “Sports Direct’s employee bonus share scheme is one of the most wide-reaching and favourable employee reward schemes in the UK.

“Following the success of the 2009 scheme, the 2011 scheme is on track to reward over 3,000 employees having already surpassed two of the four ebitda targets.

 

“Other senior executives also benefit from the executive bonus share scheme but this does not include Mike Ashley, our executive deputy chairman,” the chairman added.

 

“He receives no remuneration for his substantial contribution to the success of the company, including the £3bn of shareholder value that has been created since a scheme was originally discussed with shareholders,” said Mr Hellawell.

 

“The company has already received support from its largest institutional shareholder, Odey Asset Management, who has confirmed that it intends to vote in favour of the resolution. The board believes that Mike is one of the outstanding retailers of his generation and that all shareholders benefit from his ongoing commitment to Sports Direct.”

 

http://www.ft.com/cms/s/0/27f6040c-a8f8-11e3-9b71-00144feab7de.html

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The UK’s five richest families have accumulated more wealth than the whole of the bottom 20 per cent of the population, with the gap between rich and poor continuing to grow, according to research published today.

 

The handful of billionaires – which includes property investor Charles Cadogan and Sports Direct boss Michael Ashley – have amassed a combined wealth of £28.2bn, more than the poorest 12.6 million people in Britain, according to Oxfam.

 

The charity said the findings were “deeply worrying”, and that such inequality was a “sign of economic failure”. The study is released ahead of Wednesday’s Budget.

 

Using figures from Forbes magazine’s latest list of billionaires, the study also warns that the UK’s wealthiest 0.1 per cent have seen their income grow nearly four times faster than the least well-off 90 per cent of the population.

 

Britain’s five wealthiest people boast a collective worth of £28.2bn, while the total accumulated by the bottom 20 per cent sat at £28.1bn.

 

 

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