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Mike Ashley -- Irrelevant Cunt


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New analysis of top companies has shown that Mike Ashley’s Sports Direct is ranked 98 out of 100 when it comes to making pension contributions for staff.

 

The FTSE 100 top companies were looked at and while on average businesses contributed £2,920 per employee to staff pension pots, Ashley’s Sports Direct put in only £82 a year.

 

The research by Banc De Binary found that only two other companies paid out less on pensions on average, these were G4S and Antonfagasta. However, those who commissioned the report pointed out that these two companies employed large number s in developing nations, where pension rights aren’t as common….a bit like at Sports Direct!

 

Mike Ashley has managed this ranking of 98 out of 100 because he employs a massive proportion of staff on zero hours contracts, which meant that Sports Direct weren’t obliged to automatically enrol those many thousands of staff on the recently implemented workplace pension schemes.

 

Newcastle fans and now those at Rangers think they have it bad being under the control of Mike Ashley, but just imagine what it must be like for most of the tens of thousands who work for him.

 

Actually, imagine this group of people, those who support Newcastle or Rangers and also work for Mike Ashley on zero hours contracts. I bet life for them is just one big laugh.

 

- See more at: http://www.themag.co.uk/2015/02/ashley-sports-direct-named-shamed/#sthash.28KXPzOj.dpuf

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http://nufc-ashlies.blogspot.co.uk/2015/02/to-what-extent-are-chronicle-pandering.html

 

For those that didn't know I had a pop.

 

He and Lee Ryder also talked about my tweet on their Chronicle podcast. Ryder suggesting I don't understand what journalism is.

 

He wants to look closer to home on that score.

:lol: Must have hit a right nerve to have them bring it up that much. They must realise they're both fucking frauds.

 

Edit: Transitional season btw, what the fuck is transitional about it? The squad just seems to be getting thinner, especially with Sammy and Jonas out of contract in the summer. Are they transitioning away from football into a massive sports direct shop? Fucking lifting craic the whole way through as well about Mike constantly pushing them to finish higher, there is fuck all evidence to support that and alot for the argument that they just want to finish mid table. I wish Charnley would go back to keeping his mouth shut, the chronicle and Ryders crayon pieces were better before they got their questions answered.

Edited by Howay
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The cretin Lambias caught out making false statements to the London Stock Exchange (not for the first time either). It mostly concerns his claims about his achievements at NUFC. As far as I'm aware he only clarified this after a fan reported his lies.

 

 

 

27 February 2015

Rangers International Football Club plc

("Rangers" the "Club" or the "Company")

Clarification of previous announcements

James Easdale

The announcement issued at 7am on 25 February 2015, in relation to the resignation of James Easdale, states that "He leaves Rangers having never received any remuneration, bonus or compromise payment during his time at the Club." In the Circular to Shareholders dated 6 February 2015 it states "James Easdale has never taken any remuneration from the Company for his role".

The Company wishes to clarify that James Easdale was paid director's fees between August 2013 and December 2013, in accordance with his contractual entitlements. However, the amounts received by James Easdale pursuant to these payments were repaid in full to the Club in January 2014. Mr Easdale did not receive any further director's fees at any point, despite being contractually entitled to do so.

Derek Llambias

The Circular to Shareholders dated 6 February 2015 contains the following text:

"The current management team is led by Derek Llambias. Derek Llambias was formerly the Managing Director of Newcastle United Football Club ("NUFC"). Derek joined NUFC in 2007 and in his five year stewardship reformed and improved stadium facilities; increased turnover from £85 million to £123 million and, from making significant losses, NUFC became one of the top 20 most profitable clubs in Europe. Derek brought in the largest ever sponsorship deals in NUFC's history and negotiated shrewdly and resolutely in the fiercely competitive arena of player transfers. One of Derek's most successful and talked about transfers was that of Andy Carroll, originally a NUFC academy player, to Liverpool for £35 million. Another such move was buying Yohan Cabaye for £5 million, a player who NUFC later sold for £19 million."

The Company wishes to clarify the following matters:

· Derek Llambias joined NUFC in 2008. He initially joined as Deputy Chairman and was appointed as Managing Director in June of that year.

· In the financial year ended 30 June 2009 (the first full accounting period after Mr Llambias' appointment), the turnover of Newcastle United Football Company Limited ("NUFCL"), as recorded in their audited accounts for that period, was £85,681,000.

· Derek Llambias resigned from his post as Managing Director of NUFC in June 2013. The turnover of NUFCL for the financial year 30 June 2013, as recorded in their audited accounts for that period, was £95,879,000. The figure of £123 million referred to in the Circular was the projected turnover, as at the time of Derek Llambias' departure, in the financial year to 30 June 2014.

· In the Deloitte "Football Money League" report for 2011/2012, published in January 2013, Newcastle United were ranked at number 20 in Europe. Newcastle United were also ranked at number 20 in the Forbes list of the richest football clubs in the world, published in April 2013. These were the last rankings published during Mr Llambias' tenure at NUFC. (Although the Club dropped out of the top 20 in both equivalent lists published in 2014, the Deloitte "Football Money League" report for 2013/2014, published in 2015, ranks NUFC at number 19.) Newcastle United did appear in the top 20 of both lists at the start of Mr Llambias' tenure, although dropped out during the intervening period. The Directors believe that is predominantly due to NUFC's relegation in 2009.

· Neither of the aforementioned reports ranks clubs solely on the basis of profitability. It should be noted that in the year to 30 June 2008, NUFCL made a loss attributable to members of £20,048,000, and a loss of £14,554,000 for the year to 30 June 2009. In the year to 30 June 2013 however, NUFCL made a profit attributable to members of £8,814,000.

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Newcastle United are set to announce record profits for the past financial year, despite continuing to languish among the Premier League also-rans.

The club are expected to confirm they made more money than most clubs playing in the Champions League when they release their latest set of results, with sources indicating they could have made as much as £50 million.

However, there are conflicting figures being banded around at the club, with one prominent figure insisting the profit was nearer to £30 million. The Daily Telegraph’s attempts to clarify the exact figure have been frustrated, although it has been confirmed a “significant profit” will be announced next week.

To put things into perspective, Arsenal, who won the FA Cup, reached the knockout stage of the Champions League and finished fourth in the Premier League last season, six places higher than Newcastle, made a profit of roughly £11 million.

It will be the fourth year in a row that Newcastle have announced an operating profit and it seems certain that the figures will be an improvement on those announced in 2012 when they made a profit of £13.3 million, numbers boosted by the £35 million sale of Andy Carroll to Liverpool.

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The impressive financial figures will be used to justify owner Mike Ashley’s continued presence at St James’ Park. Ashley inherited a club crippled by debt and covered losses of £140 million during his first three years at St James’ Park, although the majority of those were interest-free loans needed during their solitary season in the Championship.

The disastrous relegation at the end of the 2008/9 season began with Kevin Keegan’s resignation following a falling out over the club’s transfer policy and was made worse by Ashley’s subsequent appointment of Joe Kinnear as manager and the owner’s repeated attempts to sell the club.

Ashley, though, has transformed the business and while he has not presided over any success on the pitch, he deserves credit for the impact he has made on the club’s accounts.

Supporters, though, are unlikely to be impressed and there will be increased pressure to reinvest the profits in the first-team squad when the transfer window opens in the summer.

It remains to be seen whether Ashley is willing to do that, or whether he has used the profits to repay some of the money owed to him in the form of interest free loans.

Although Ashley has had great success in streamlining the business, cutting costs, as well as buying players cheaply and selling them on for a large profit, Newcastle have only finished in the top eight once since he took control of the club in 2007.

Newcastle have been short of competition for places in both defence and attack all season after failing to sign a top class centre-back and centre-forward last summer.

Indeed, most supporters are unhappy that the club seems more interested in performing well in the accounts department than delivering a team that is capable of challenging for silverware and European qualification.

Meanwhile, Newcastle’s head coach John Carver, who has been placed in charge of the team until the end of the season, without control of recruitment or contract negotiations, has predicted the players will make up for their abject performance in the 5-0 defeat at Manchester City last weekend when they host Aston Villa on Saturday.

“There was a lot of anger post City,” said Carver, who has won just one game out of eight since predecessor Alan Pardew quit to become manager of Crystal Palace. “Certainly before the [team] meeting on Monday. I was angry with myself, I was angry with the team, the team were angry with me, they were angry with themselves.

“That’s the right way to be. But once we sat down and discussed it there was a genuine conversation and I was very glad that we’d talked about it in that room and put it to bed.

“Players have got pride. It hurts. I don’t think it’s easy to lie down. If I was seeing that on the training ground that would be a bit of concern. But that’s not something I’ve seen, that’s not one of the traits of the team.”


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