This Is How Mike Ashley Pocketed A Cool £106M


Newcastle owner Mike Ashley has at least one of his businesses doing well as Sports Direct with the news that the company had revenues in the nine weeks to the end of September which were up 15.1% to £463.7M.

mike ashley

Mike Ashley – nets another £106M

And since the share price is high the Newcastle owner has netted £106M from the sale of a 2.7 per cent stake in Sports Direct, which are held by Mike’s investment holding company Mash Holdings.

A regulatory disclosure from Sports Direct revealed Mr Ashley sold 16M shares at 662.5p a share, at a 7% discount to yesterday’s closing price of 712p, which netted him exactly £106M.

MASH Holdings Limited now owns 61.7% of Sports Direct, worth around £2.5B at today’s morning price of 675p.

Mike did the same thing in February when he made £100M selling 4.18% of the company at 400p a share, and that was his first share sale since he floated the company back in 2007, and with that windfall bought Newcastle United in June of that year.

In July of this year Sports Direct posted another record financial year with sales topping £2B for the first time, and pre-tax profit jumping by 40% to £207.2M.

Maybe it’s all that (free?) world-wide publicity he’s getting for Sports Direct at St. James Park?

It seems that Mike is trying to diversify away from investment in the company he formed in the 1980s, but maybe it’s just so that he has some pocket change available? 😀

Comments welcome.



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27 comments so far

  • WWSBRD

    Oct 24, 2013 at 9:46 AM

    Comment #1

    ….We care why?

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  • martoon

    Oct 24, 2013 at 9:47 AM

    Comment #2

    I’d like to think some of that money is for the January transfer window but realistically it is more likely for to increase his investment in Rangers. Strange that he sold for below the market price or is that the norm when dealing in such large blocks of shares?

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  • Himanshu Dhingra

    Oct 24, 2013 at 9:48 AM

    Comment #3

    Julian Brandt, 17 Wolfsburg academy graduate free next summer.

    we should look at players like these. People at wolfsburg rate him highly.

    Competition is tough with Bayern and City Lurking but we should try

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  • shanghai fan

    Oct 24, 2013 at 9:50 AM

    Comment #4

    We care because he is financing NUFC through interest free loans. If he has more funds available, NUFC may be a beneficiary of that.

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  • sirjasontoon

    Oct 24, 2013 at 9:57 AM

    Comment #5

    Would love to see him in a helicopter crash with Pardew and Kinnear onboard.
    The stuff dreams are made of : )

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  • sirjasontoon

    Oct 24, 2013 at 9:58 AM

    Comment #6

    shanghai fan // Oct 24, 2013 at 9:50 AM

    We care because he is financing NUFC through interest free loans. If he has more funds available, NUFC may be a beneficiary of that.

    Idiot.

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  • Bearsize

    Oct 24, 2013 at 9:59 AM

    Comment #7

    He doesnt give us money! And wont this time. Its sounds promising but we are self sufficient for a reason, and that is so he doesnt have to spend his own cash. Shame really!

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  • Carr Toon

    Oct 24, 2013 at 10:03 AM

    Comment #8

    Even if he would have pocketed 1 billion, NUFC is not gonna get a penny.
    May be happy days ahead for Rangers………..

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  • Grafton83

    Oct 24, 2013 at 10:05 AM

    Comment #9

    sirjasontoon // Oct 24, 2013 at 9:57 AM

    Would love to see him in a helicopter crash with Pardew and Kinnear onboard.

    Idiot!

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  • Himanshu Dhingra

    Oct 24, 2013 at 10:06 AM

    Comment #10

    I don’t care he does not give us his money. I am worried how he does not give club the money club earns. He also uses it as a platform for sports direct and pays the clubs money to pay people like JFK

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  • Himanshu Dhingra

    Oct 24, 2013 at 10:06 AM

    Comment #11

    Twitter Sports ?@TwitterSports 1m
    Great to see managerial legend Harry Redknapp doing his first Twitter Q&A! #AskHarry is live on @OfficialQPR right now.

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  • toonarmydownsouth

    Oct 24, 2013 at 10:08 AM

    Comment #12

    1toonarmydownsouth // Oct 24, 2013 at 9:17 AM

    So what?

    On Paul Dummet
    Sign him up he’s certainly impressed in every games he’s played in since Brighton in the cup!

    On the colo story i understand the suspicions of people but is it any different from the clubs view of when benny trots off back to France everytime he gets an injury?

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  • Hatem's better than Messi

    Oct 24, 2013 at 10:10 AM

    Comment #13

    I’m sure all his properties, boats and helicopters take some maintenance.

    Shame he is so tight with NUFC.

    Sir Jason Toon I hope he lives a long and happy life. He does have family.
    Perhaps Uncle Joe will get him to spend some of the 106M?

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  • Himanshu Dhingra

    Oct 24, 2013 at 10:11 AM

    Comment #14

    How Much does this selling of shares affects NUFC, as much as an ant dying.

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  • Quasimodo's tailor

    Oct 24, 2013 at 10:11 AM

    Comment #15

    @SirJasonToon. Ashley isn’t exactly on my Christmas Card list (nor Kinnear and Pardew for that matter), but your comment about them shows you’re rather infantile. Then you call someone an idiot because, presumably, you disagree with his/her viewpoint. Walk on.

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  • Scottiedog

    Oct 24, 2013 at 10:43 AM

    Comment #16

    MA has also NOT taken any wages for the last 4 years and insisted on being paid on Profit!! How many other company directors would do that??

    @5 – You are a twat!

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  • numba9

    Oct 24, 2013 at 11:44 AM

    Comment #17

    Took no wages lol mate he took all the sky money mind and pocketed it like he does with the profit from advertising his junk around the ground free advertising by the way would be Better as b club to rent out the advertising but he is selfish and greedy so wake up man

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  • sirjasontoon

    Oct 24, 2013 at 11:47 AM

    Comment #18

    Haha.

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  • sirjasontoon

    Oct 24, 2013 at 11:48 AM

    Comment #19

    @ #16 your a Kernt.

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  • numba9

    Oct 24, 2013 at 12:16 PM

    Comment #20

    Some toon fans really do live in a land called cuckoo… Have you not realised yet that how this tyrant has treat you all with contempt and needs outing or is your ambitions the same as his NIL

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  • toontillidie

    Oct 24, 2013 at 12:43 PM

    Comment #21

    @ 5 sirjasontoon regardless of how much i despise ashley wishing they would crash in an helicopter is childish and shows just how much of a brain you have if you cant post something sensible then move on and leave the comments off

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  • sirjasontoon

    Oct 24, 2013 at 12:48 PM

    Comment #22

    toontillidie // Oct 24, 2013 at 12:43 PM

    Wannabe Moderator?

    0
  • dcdick

    Oct 24, 2013 at 1:24 PM

    Comment #23

    Pardew out !!!

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  • Ancientcoptic

    Oct 24, 2013 at 2:49 PM

    Comment #24

    But, but, but Mike Ashley is our saviour… he put his own money into Newcastle, and saved us from a future where we were certain to be the next Portsmouth.

    What a guy!

    LMAO

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  • Ancientcoptic

    Oct 24, 2013 at 2:51 PM

    Comment #25

    Have to laugh at the first comment on this article.

    ”….We care why?”

    Sure, why would the Newcastle fans care that Mike Ashley is making record profits with Sports Direct by defrauding Newcastle football club out of revenue from advertising space. Have a nice snooze. 😉

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  • veto

    Oct 24, 2013 at 10:41 PM

    Comment #26

    wonder if we will see any of it , nicely timed for the jan window ,for some reason i dont think he will shy away from investing for a change,
    still 2 billion + left in sports direct shares

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  • shanghai fan

    Oct 25, 2013 at 7:38 AM

    Comment #27

    @ Sirjasontoon, I would be interested to know what I wrote in my previous post that would cause you to believe me an idiot.

    Appreciate the other comments on supporting others opinions by the way.

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