Mike Ashley Turns Down His Own Huge Bonus Scheme


Mike Ashley, the owner of Newcastle United and founder of sporting goods retailer Sports Direct, has turned down his allocation of the company’s £200M bonus share scheme, after shareholders had controversially approved that proposal recently.

mike ashley cointemplating

Mike Ashley – who needs £200M?
Answer – Newcastle United


And Mike has told the Sports Direct Board that he doesn’t want any more share-based incentives to be proposed to the shareholders that include any bonuses for himself.

Ashley is worth around £3.5B in the latest Forbes Billionaire’s ranking, and he owns the majority stake in the company he founded – Mike still owns 58% of Sports Direct.

He doesn’t receive any wages from the company, but of course with the share price of Sports Direct continuing to rise because of excellent financial results – that’s what has fueled his rising net worth over the last few years.

This is what Sports Direct Chairman Keith Hellawell has said:

“The resolution passed by shareholders to implement the 2015 bonus share scheme clearly recognizes the success of previous company-wide schemes, and the significant contribution from Mike.”

“Following recent unhelpful speculation surrounding his potential allocation, he is determined to ensure that there is the maximum number of shares available for the eligible employees.”

That’s a very good move by Mike Ashley to eliminate himself from any future share-based incentives – and other employees of the company will now benefit from those future schemes

Sports Direct is due to report its full-year results tomorrow – and they are expected to be good.

And as for Newcastle United, we would estimate the club will have revenues of around £135M and profits of over £50M for the financial year that ended at the end of last month, and those will be record revenues and profits for the Tyneside club.

Hopefully we’ll spend quite a bit of those profits over the summer in strengthening the squad.

Comments welcome.

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Written while on vacation in Newcastle, England.



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290 comments so far

  • spitfire_

    Jul 16, 2014 at 8:17 AM

    Comment #1

    Who gives a sh!t about this pr!ck?

    0
  • Average_Contents

    Jul 16, 2014 at 8:21 AM

    Comment #2

    Awwwwww isn’t he nice letting his employees share it between themselves….he can obviously get some dosh from one of his other businesses! Any ideas 😉

    0
  • Lilongwe Geordie

    Jul 16, 2014 at 8:24 AM

    Comment #3

    Santon,
    I think the issue with Guttierrez is that, as reported last season, if he makes another appearance then it automatically triggers an extension to his contract on the same wages. I guess the club are unwilling for that to happen, and don’t want to extend at all given his age and waning abilities.

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  • Slank

    Jul 16, 2014 at 8:25 AM

    Comment #4

    Ed,

    This ‘news’ has nothing to do with Newcastle United.

    If our next owner is Chinese and owns The Imperial Guangzhou Chicken Corporation will you be giving us regular updates on egg production, the latest hen insemination techniques and the worldwide price of chicken wings?

    0
  • Santon03

    Jul 16, 2014 at 8:30 AM

    Comment #5

    Lilo

    Then good luck and thank you Jonas, I really like the guy.
    I really hope we can off load Marv and Obertan.

    0
  • Graeme

    Jul 16, 2014 at 8:30 AM

    Comment #6

    As long as he gets 2 proper strikers and a CB into the club by the end of August – thats all that matters lol

    0
  • one Tony Green

    Jul 16, 2014 at 8:31 AM

    Comment #7

    Ed change the record will you. One minute you are slagging off Ashley the next your waxing lyrical. Who gives a monkey’s about SD shares. You make a living by running this site.
    It is no wonder our fans are a delusional laughing stock. Ashley owns NUFC so he can do with it what he likes. The Glazer’s have taken 150 million each year out of Man United and leveraged the buy in via debt. We never have or ever will be as big as Man United or have the same fan base. Leeds were raped as were Portsmouth.
    Get behind the lads FFS.

    0
  • Santon03

    Jul 16, 2014 at 8:34 AM

    Comment #8

    one tony

    It’s his blog, he gives info to us. You don’t like the info then please don’t attack Ed.

    0
  • deeps

    Jul 16, 2014 at 8:37 AM

    Comment #9

    Guys when will Janmaat be unveiled??…

    0
  • Spoof

    Jul 16, 2014 at 8:37 AM

    Comment #10

    Tony

    if Ashley can do what he wants with “his” club, then surely Ed can do what he wants with his blog !!!!!!

    0
  • G

    Jul 16, 2014 at 8:37 AM

    Comment #11

    OTG, given it’s a wordpress blog, I doubt Ed makes much money, if any at all from this. Hardly what I’d call making a living.

    0
  • Spoof

    Jul 16, 2014 at 8:38 AM

    Comment #12

    deeps

    he might not sign yet ?

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  • Slank

    Jul 16, 2014 at 8:40 AM

    Comment #13

    I listened to Peter Kay and Paddy McGuinness commenting on last nights match and they kept referring to Gutierrez but I’m sure it wasn’t him but Ayoze Perez. Is this correct?

    Did anyone see the match as Rolando Aarons was mentioned many times but I can’t recall Armstrong being mentioned and had to see the team sheet to check ?

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  • deeps

    Jul 16, 2014 at 8:43 AM

    Comment #14

    Spoof

    I read in the northern Echo that Janmaat has completed his move and then flew back to Holland . Looks like everything is sorted out..The club will announce his signing later today.

    0
  • ethiotoon

    Jul 16, 2014 at 8:43 AM

    Comment #15

    Preseason does matter to me.it is something to measure how fit you are and
    How well you gonna coup with EPL.
    Now we signed 90% of our targets. which means we r 90,% ready for the new SSN
    New arrivals may be available in our trip to Germany.so far so good in transfers.
    I don’t wanna hear about what bonus Ashley gets or what his company gets
    What does matter to me is our result on the pitch whether it is friendly or something else.
    Just take friendlies seriously pardy

    0
  • firebug666

    Jul 16, 2014 at 8:44 AM

    Comment #16

    From previous thread, Rudy Raba is not the agent for Riviere, his agents are Mondial Sport Management & Consulting Sarl. Rudy represents:

    Younes KABOUL
    Stéphane SESSÈGNON
    Bocindji CA Nantes
    Franck DJA DJEDJE
    Adel TAARABT
    Morgan SCHNEIDERLIN
    Dorian DERVITE
    Vassiriki DIABY
    Matthias LEPILLER

    This is from Soccer associations Agents.
    http://www.soccerassociation.com/agents/179.htm

    It could be that Rudy is here to do business down the road but like to stop in Newcastle.

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  • G

    Jul 16, 2014 at 8:46 AM

    Comment #17

    Slank, never saw the match, was busy visiting relative in hospital, but according to .com, here is last nights team:

    Team: Alnwick, Anita (Satka 54), Dummett (Bigirimana 70), S.Taylor (Streete 63), Yanga-Mbiwa, Colback, Aarons (Haidara 63), Armstrong (Perez 54), De Jong (Vuckic 63), Gouffran (Ameobi 46), Abeid.
    Sub n/u: Woodman.

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  • Slank

    Jul 16, 2014 at 8:46 AM

    Comment #18

    Spoof,

    Yes I agree that Ed can write what he wants as he ‘owns’ it but I do sympathize with Tony as the article is not really relevant to Newcastle United.

    If it said that Ashley was going to ‘..eliminate himself from any future share-based incentives…’ and instead take money out of Newcastle United then that would be an entirely different matter.

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  • Spoof

    Jul 16, 2014 at 8:48 AM

    Comment #19

    Deeps

    I read that as well, seems a bit odd though doesn’t it, he if has already signed then why not do the photo shoot and make it public, why announce when he is back home in a foreign country, I can’t work that one out, if there is still one or two minor issues to sort out then how can he sign the contract when he is not even in the country ?

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  • Santon03

    Jul 16, 2014 at 8:49 AM

    Comment #20

    firebug

    yes, it’s possible that his business with sunderland, just staying where the hotels don’t have rats 🙂

    0
  • lesh

    Jul 16, 2014 at 8:50 AM

    Comment #21

    one Tony Green, maybe you should take Santon03’s advice and roger accept Ed’s right to post what he wants or subscribe to a site that that suits you.

    There’re any amount out there and I’m sure you’ll find one that might suit you and keep you up to date.

    0
  • one Tony Green

    Jul 16, 2014 at 8:52 AM

    Comment #22

    Santon 03 NUFC is Mike Ashely’s club so using your analogy we should not criticise him. Grow up I have no interest in what Ashley does outside of NUFC and attempting to talk about a subject few on here ( and i include myself ) fully understand is ridiculous.

    0
  • firebug666

    Jul 16, 2014 at 8:53 AM

    Comment #23

    Santon03

    I wasn’t going to say that out loud though, I’m surrounded by Makems where I live and I like my windows just as they are…..fully glazed. lol

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  • Santon03

    Jul 16, 2014 at 8:53 AM

    Comment #24

    Spoof

    I saw a picture of Janmaat holding NUFC shirt with pardew. Was it photo edit? I didn’t read the topic just saw the picture in this blog.

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  • Lilongwe Geordie

    Jul 16, 2014 at 8:54 AM

    Comment #25

    Agents don’t just work with their clients though. They can have be given mandates from players who aren’t represented by them, or they can be given mandates by clubs to broker other deals.

    If it is true that he is here and his stay is being paid for by NUFC then I’d expect him to be working as a middle man for either a player or a club. Interestingly it appears he has done quite a bit of work with Nantes Atlantique, who are the club that approached NUFC for Marveaux back in January.

    0
  • Santon03

    Jul 16, 2014 at 8:54 AM

    Comment #26

    LOL Firebug

    0
  • Spoof

    Jul 16, 2014 at 8:55 AM

    Comment #27

    Santon

    the chances are he has signed but it just seems a strange way to go about things ?

    0
  • Slank

    Jul 16, 2014 at 8:55 AM

    Comment #28

    Could one of the reasons why Janmaat hasn’t been unveiled yet is that the other end of the transaction between Debuchy and Arsenal hasn’t been finalised.

    I don’t see anything suspicious in it.

    0
  • lesh

    Jul 16, 2014 at 8:56 AM

    Comment #29

    * should take Santon03?s advice and roger accept….

    Roger? Phone’s not yet awake!

    0
  • deeps

    Jul 16, 2014 at 8:57 AM

    Comment #30

    May be the club wil officially confirm Janmaat signing along with Riviere’s signing 😀

    0
  • Novocastrian66

    Jul 16, 2014 at 8:57 AM

    Comment #31

    Hoodrat said Newcastle United were paying the bill for this Rudy Raba.

    0
  • firebug666

    Jul 16, 2014 at 8:57 AM

    Comment #32

    The pictures of Pardrew and Janmaat would have been done early because Pardrew had to get to Oldham for the match, that makes sense. Janmaat will be unveiled today most likely alongside Riviere. One can always hope anyway.

    0
  • Lilongwe Geordie

    Jul 16, 2014 at 8:58 AM

    Comment #33

    Slank,
    I thought that. Maybe we are waiting for the Debuchy deal to be finalised as we don’t want 2 high profile full backs signed.

    0
  • Santon03

    Jul 16, 2014 at 8:59 AM

    Comment #34

    Spoof

    probably waiting for Riviere to sign and make the anoouncement together.

    0
  • deeps

    Jul 16, 2014 at 9:01 AM

    Comment #35

    The Debuchy deal has been held up not because of the Janmaat transfer..but because we are demanding £8m +Yaya sanogo..

    0
  • firebug666

    Jul 16, 2014 at 9:01 AM

    Comment #36

    If NUFC are picking up the bill for this agent then you would have to assume it is for an incoming transfer rather than someone leaving. If it was for a player leaving you would expect the buying team to pay the bill.

    WOW1 intrigue at last.

    0
  • ilovetoon8788

    Jul 16, 2014 at 9:01 AM

    Comment #37

    i got a feeling janmaat deal has been hijacked by Liverpool. we have failed to unveiled janmaat and there could be some hiccups and deal collapsing at the very last minute.

    0
  • Spoof

    Jul 16, 2014 at 9:02 AM

    Comment #38

    Slank

    I’m not suggesting that it is suspicious just a bit odd, however I don’t really see how the Debuchy situation would prevent us from announcing this deal, if the deal is done then it’s done, not announcing it just seems odd, I don’t see why they would, Cabella’s deal was held back but with good reason, the WC final was being played, as soon as it finished it was then announced, but with this one I just don’t see why or what reason there could be, it’s not important just a bit odd !

    0
  • Slank

    Jul 16, 2014 at 9:03 AM

    Comment #39

    Novocastrian66 @ 31

    Whilst Sunderland and Newcastle talk to each other I cannot see us paying their hotel bill. If we are paying then we want the agent to do something, but what ?

    It’s either we want one of the agent’s players or we want the agent to take some of our players off our hands.

    And looking at the list of players the agent represents I would say that there is a good chance that it involves French players, Marveaux and Obertan perhaps?

    0
  • Spoof

    Jul 16, 2014 at 9:03 AM

    Comment #40

    Santon

    that could well be it, lets hope so !

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