We have been trying to get more information on our potential new owner Mike Ashley – but it’s hard to come by.
However, we have captured some interesting information related to both his business and private lives.
As we mentioned in a previous piece he has never been known to borrow to build any of his companies – and he paid the Hall family in cash.
Half of his fortune is in cash, including the Â£929m he pocketed when Sports Direct was floated. It seems like Ashley is well placed to fund major moves in the transfer market and finally be the man to bring back the old glory days to Newcastle.
We know very little is known about Ashley’s private life, but he is divorced with three children.
His marriage to Linda Jerlmyr, a Swedish property developer, was ended in 2002, and he agreed a Â£50m settlement (that could get us 4 top class players!) – which was one of the biggest in British legal history.
Mike now lives alone in a Hertfordshire mansion, hidden by trees with CCTV cameras all over the place.
Ashley’s business career has not been without some controversy and the City has not always been happy with some of his dealings – and companies of his have been criticized for poor PR. That will need to change when he takes over Newcastle.
One story that has been reported is that in 2000, he turned whistle-blower on his sports retailer rivals – passing over evidence of price-fixing on England and Manchester United shirts – to the Office of Fair Trading.
Because of this JJB Sports, owned by the Wigan chairman, Dave Whelan, was fined Â£6.7m.
We see nothing wrong with this – at least the guy seems ethical and above board.
If Mike is as shy and publicity reticent as he is made out to be – we’re sure he will not appreciate this type of artile – but being associated with Newcastle United has never never been for shrinking violets – Note: quickly read Pete’s first comment below – will leave this in – but just to embarrass myself 😀
Comments still welcome.