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 – 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.
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Written while on vacation in Newcastle, England.
290 comments so far
Slank
Jul 16, 2014 at 9:05 AM
Comment #41Spoof
Sorry, my use of the wrong word. You are quite right that ‘odd’ is a better word.
firebug666
Jul 16, 2014 at 9:05 AM
Comment #42ilovetoon8788
It was reported that the hold up of Janmaat deal was due to some minor details that were being sorted out. We have seen the photos of him holding the shirt with his name on it, so we have to assume the deal is really done.
Hoodrat-
Jul 16, 2014 at 9:06 AM
Comment #43Thats right…he told my lass it was being paid by newcastle but shes saying they havent paid for bit..they dont have an account or anything they just book the room and a card is left as a gurantee. Ive got no idea..they all looked like they werw wedged apparantly. She thought they were players but like i said she hasnt got a clue about football or who they cud be but she didnt recognise them from the pics of the players i mentioned earlier. Could only see it being to do with rivierre or like someone said…a player being sold.
Novocastrian66
Jul 16, 2014 at 9:08 AM
Comment #44Who were the two mystery guests with this Rudy bloke?
Transfer windows. Don’t you just love them?
outsidethebox
Jul 16, 2014 at 9:09 AM
Comment #45janmaat forgot his birth cert…needed to prove age….could be anything but seeing as he is holding up shirt cannot be anything important
Spoof
Jul 16, 2014 at 9:09 AM
Comment #46This Raba is the agent of Younis Kaboul, could he be the CB who we are going after ?
Santon03
Jul 16, 2014 at 9:10 AM
Comment #47Hoodrat
best we wait what happen, looking at the way we do business recently it should be quick.
I hope we ask Rudy to help with selling unwanted players.
ilovetoon8788
Jul 16, 2014 at 9:12 AM
Comment #48@firebug666 // Jul 16, 2014 at 9:05 AM
there has been very very last minute hijacking of clubs before.
if Liverpool has given his agent a ring, janmaat would have ran out of Benton.
Hoodrat-
Jul 16, 2014 at 9:12 AM
Comment #49I dont know. Shr doesnt know. I showed her pics of rivierre, cabella and janmaat and she said it didnt look like any of those. Ive never heard of rudy raba..cant find a pic of him on google or find much info about him other than hes an agent. Sure something will come out shortly and his name will be mentioned somewhere and itl all make sense.
Santon03
Jul 16, 2014 at 9:12 AM
Comment #50I remember he wasn’t feeling well. It could be waiting for him to get fit then take the medical or fail the medical and need to do it again (if that’s possible).
toonarmydownsouth
Jul 16, 2014 at 9:12 AM
Comment #51Isn’t Rudy Raba the DJ in The Fifth Element?
Slank
Jul 16, 2014 at 9:13 AM
Comment #52Does anyone know the protocol of enquiring about a player?
Does the club contact the players club first or contact his agent?
Geremi's Prosthetic Leg Fund
Jul 16, 2014 at 9:16 AM
Comment #53http://www.ultimecalcionapoli.it/en/transfers/The-agreement-napoli-there-with-a-player-of-newcastle/
This is an article dated from 2nd July, mentions both Rudy Raba and Newcastle, could be linked to that? Maybe something to do with Taraabt.
toonarmydownsouth
Jul 16, 2014 at 9:16 AM
Comment #54@soccer_sauce: Newcastle also working hard to land another striker. We understand they are negotiating hard with Lyon for Alexandre Lacazette #NUFC
@soccer_sauce: We are also hearing that Gabon ST Pierre-Emerick Aubameyang is still an option #NUFC
@soccer_sauce: Few whispers this morning that Man Utd are looking at #NUFC midfielder Moussa Sissoko as a potential option #MUFC
Now I’m not a big ITK believer and mostly follow for the craic but this bloke seems to know what he’s talking about and I can’t help but be genuinely excited at who we could see upfront for the toon next season
I love and hate silly season in equal proportion!!!
Hoodrat-
Jul 16, 2014 at 9:17 AM
Comment #55I doubt we’d be after kaboul nor believe that tottenham would want to sell him. These guys were only checked in for one night so must be conducting whatever business it is today. I still think itl be to do with Rivierre .all seems to tie in with when hes due to be here etc
firebug666
Jul 16, 2014 at 9:17 AM
Comment #56ilovetoon8788
Anything is possible mate, but it’s very unlikely. The minor details will have been sorted out now and he will be a Newcastle player today.
If it helps here is a link to him holding the NUFC shirt:
http://www.nufcfans.co.uk/2014/07/photo-first-picture-newcastles-new-signing-daryl-janmaat-holding-shirt/?
😀
Lilongwe Geordie
Jul 16, 2014 at 9:18 AM
Comment #57Slank,
If playing by the book, you must contact the players club first. In reality, most clubs sound out the agent and players before speaking to the club. Commonly known as tapping up, but it is common practice in the game.
Slank
Jul 16, 2014 at 9:18 AM
Comment #58According to the press Naples would like Morgan Schneiderlin of Southampton and Rudy is the agent.
Hoodrat-
Jul 16, 2014 at 9:19 AM
Comment #59Geremi…thats the link i found last night wen i was trying to fibd stuff out talks about him and sissoko snd a move to napoli. In poor english though so not clear.
JAMSHA
Jul 16, 2014 at 9:19 AM
Comment #60isnt kaboul free?
JAMSHA
Jul 16, 2014 at 9:20 AM
Comment #61if that pic on twitter of a player at newcastle is lacazett then sup
cyprus
Jul 16, 2014 at 9:23 AM
Comment #62Hard to criticize what’s going on at this club these days. Congrats!
And no worries about that loss to Oldham, looked mainly like the b team there.
Average_Contents
Jul 16, 2014 at 9:28 AM
Comment #63Tads
If massive fod and manure want sissoko then I’d want at least £20m+ off them fcukers mate! He’s already a beast so in a few years time I feel he’s gonna be one of the most successful imports in our history….hope so anyway!
Average_Contents
Jul 16, 2014 at 9:30 AM
Comment #64Imagine Lacezetta AND pea! Jesus wept I’d cream my pants! Just a dream though
DanToon
Jul 16, 2014 at 9:30 AM
Comment #65I like this team for next season, thoughts?
———————-Krul
—-Yanga-Mbiwa——Coloccini
Janmaat————————–Haidara
———————Tiote
—-Sissoko———————Cabella
——————-De Jong
———-Reveire—-Carroll/Cisse
Subs: Elliot, Santon, Anita, Taylor, Gouffran, Ben Arfa, Perez, Williamson.
Lilongwe Geordie
Jul 16, 2014 at 9:31 AM
Comment #66I agree, it is hard to criticise what the club are doing re transfers at the moment, but it also isn’t really worthy of heady praise. At this moment our squad is still short in key areas, and weak in others. If we actually improve the first team and the depth by the windows end then yes, it will be worthy of praise, but there is still a long way to go.
Average_Contents
Jul 16, 2014 at 9:33 AM
Comment #67Sky sauces saying riviera is in Newcastle having his medical, I don’t really read to much into things until they report it….maybe we’ll get David Craig back at benton this deadline day lol
Santon03
Jul 16, 2014 at 9:33 AM
Comment #68I don’t see why Sissoko want to move other than massive wage or have problem with manager.
We are building great looking squad, he will have new teamates that really good.
SDJ, Janmaat, Riviere, Cabella, Perez, and could be more to come. At least he should stay and see where we will end up this season before moving to another club.
Average_Contents
Jul 16, 2014 at 9:35 AM
Comment #69The link if anyone’s arsed bur it doesn’t say much tbh
http://mobile.newsnow.co.uk/A/723582211?-11058
Geremi's Prosthetic Leg Fund
Jul 16, 2014 at 9:36 AM
Comment #70No chance we will get Schneiderlin, not at the prices Southampton are getting for their players.
We really do need that CM controller though i think, De Jong seems far more of a CAM. We need to start controlling and dictating games especially at home against lower opposition.
Average_Contents
Jul 16, 2014 at 9:37 AM
Comment #71Santon
I agree but if manure did come in for him with a decent bid he would be gone mate whether he,wanted to or not….it was just a rumour as tads said so most probably nothing in it
Santon03
Jul 16, 2014 at 9:38 AM
Comment #72Hopefully Riviere doesn’t have that weird looking hairdo.
Santon03
Jul 16, 2014 at 9:40 AM
Comment #73AC
I think it’s just a rumours too.
Spoof
Jul 16, 2014 at 9:42 AM
Comment #74Santon
hopefully he does have that hairdo, if his playing ability doesn’t frighten the opponents then I’m sure his hair will lol
JAMSHA
Jul 16, 2014 at 9:42 AM
Comment #75any know whats the reaction on scums blog?
ilovetoon8788
Jul 16, 2014 at 9:44 AM
Comment #76Reviere is definitely going to be played in the wings.He’s fast and skillful and gets inside the box a lot. he will start in either wings and almost operate as a striker.
Reviere, Siem, Cabella.
brand new attack next season.
phatt knacker
Jul 16, 2014 at 9:44 AM
Comment #77Maybe ash has had a scrooge moment at christmass. But its just took the ghosts of everyone he has screwed over this long to finnish with him 🙂
Hope we havent bought a turkey tho haha
beermonkey
Jul 16, 2014 at 9:50 AM
Comment #78good morning bloggers
I see we lost last night and I saw ldj scored
but did any1 watch the match, I wanna know how we lined up and if there were any decent performances
toonarmydownsouth
Jul 16, 2014 at 9:52 AM
Comment #79@F8Piraux: NEWCASTLE : Emmanuel #Rivière is not a top class striker but he is a complete player. Lot of confidence after AS Monaco story. #NUFC
clinath@ed
Jul 16, 2014 at 9:57 AM
Comment #80I was there last night. Good first half hour, plenty of pace and movement. Abied and Armstrong were full of pace and work rate. Seim was OK as was Colback.
Game deteriorated with the ball going sideways too much and not forward for my liking. I thing our back 4 had most of the possession..!
Mbiwa looked a little lightweight, which was disappointing too.
(excuse spelling of names)