Sports Direct have issued their annual results just in the nick of time. It appears as though they do pay Newcastle United £2m a year in advertising rights.
Mark Douglas of the Chronicle has just sent out the following tweet.
Sports Direct confirm they are paying £2million for advertising rights for the 2019/20 season in latest set of financial results.
— Mark Douglas (@MsiDouglas) July 26, 2019
They also are due to pay an enormous amount in taxes according to the tweet below.
BREAKING Sports Direct received a tax demand from Belgium authorities on Thursday for €674 million
— Alastair Jamieson (@alastairjam) July 26, 2019
It’s been a bad day all around for Mike Ashley and Sports Direct as the delay in issuing the results has led to a lot of consternation in financial circles.
Some top financial and news outlets have published articles announcing their astonishment at the actions taken by Sports Direct.
Here are links to a few of the articles about what has transpired today with Sports Direct and the possible implications for the company.
Update: no update at 16:00 meaning the update to the update to the delayed update will now have to wait until Monday. Frankly, does anyone really care anymore?
Is This The Beginning Of The End For Mike Ashley And Sports Direct? https://t.co/SassXfbLZP via @forbes
— Andrew Busby (@andrewbusby) July 26, 2019
— Reuters UK (@ReutersUK) July 26, 2019
BBC News – 'Shambles' as Sports Direct's results delayedhttps://t.co/KEavsAGn4j
— Kevin Abbott (@KevinJAbbott) July 26, 2019
— City A.M. (@CityAM) July 26, 2019
— Devdiscourse (@dev_discourse) July 26, 2019
— Retail Gazette (@retailgazette) July 26, 2019
Debenhams boss reassures staff amid Sports Direct results fiasco https://t.co/0aNcjh61lo
— Retail Week (@RetailWeek) July 26, 2019
— Irish Times Business (@IrishTimesBiz) July 26, 2019
Mike Ashley’s Sports Direct delays the publication of its results for the third time, extending a two-week long watch for the earnings report https://t.co/iBewt1Tw4e
— Bloomberg Australia (@BloombergAU) July 26, 2019