Sports Direct Net Worth

Contents

Introduction
Early life
Sports Direct
Personal life
Net worth
Philanthropy
Controversy
Legacy
External References-

Sports Direct is a British sportswear and footwear retailer with over 500 stores across the United Kingdom. The company was founded in 1982 by Mike Ashley, who remains its chairman and chief executive officer. Sports Direct has been criticised for allegedly failing to pay staff the minimum wage, which led to an investigation by HM Revenue and Customs.

Mike Ashley is the founder and executive chairman of Sports Direct, a company with a net worth of $4.7 billion.

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Sports Direct Net Worth: Mike Ashley’s Richest Businesses

Introduction

Mike Ashley is the founder, owner and chief executive of Sports Direct, one of the largest sportswear retailers in the UK. He has been embroiled in a number of controversies over the years, including his use of zero-hour contracts at Sports Direct and his alleged mistreatment of employees. In 2015, he was ranked as the 24th richest person in the UK by The Sunday Times Rich List with an estimated net worth of ufffd3.75 billion.

Early Life:

Ashley was born in Burnham, Buckinghamshire on 9 September 1964. His father was a scrap metal dealer and his mother worked as a secretary. He was educated at Burnham Grammar School before moving on to study for a degree in economics at Brunel University London. After graduating from university, Ashley began working for his father’s scrap metal business before setting up his own company called Mike Ashley Sports in 1982 selling sports equipment out of the back of a van.

Business Career:

In 2000, Ashley took over Newcastle United Football Club after investing ufffd10 million into the club. He later sold the club to retail tycoon Sir Philip Green for ufffd134 million in 2009. In 2007, Ashley floated Sports Direct on the stock market with a valuation of ufffd2.8 billion. The company has since come under scrutiny for its use of zero-hour contracts and poor working conditions for employees. In 2016, it was reported that Ashley had amassed a stake of almost 30% in department store chain House of Fraser which he then sold to Chinese conglomerate Sanpower Group for ufffd480 million in 2014..

Despite all these controversies, there is no denying that Mike Ashley is a very successful businessman who has built up a vast empire through hard work and determination.

Early life

Mike Ashley was born in Buckinghamshire, England in 1966. He is the only child of Maureen and David Ashley. His father worked as a sub-postmaster and his mother was a housewife. Ashley attended Burnham Grammar School before dropping out at age 16 to start his own business.

Ashley’s first business venture was a company called SportsDirect, which he started with ufffd10,000 from his family home in 1982. The company sold sports equipment by mail order and later expanded into retail stores. In 1992, Ashley took the company public on the London Stock Exchange.

Today, Sports Direct is one of the largest sporting goods retailers in the United Kingdom with over 700 stores across Europe. The company has come under fire in recent years for its use of zero-hour contracts and poor working conditions at its warehouses.

In 2007, Ashley made headlines when he bought Newcastle United Football Club for ufffd134 million. He has been criticized for his handling of the club, which has been relegated twice since he took over. However, Ashley remains popular with the club’s fans thanks to his continued investment in the team.

Personal life:

Mike Ashley is married to Linda Ashmore, with whom he has three daughters: Matilda, Anna and Rebecca. The couple lives in a ufffd17 million mansion in Oxfordshire, England. In 2012, it was revealed that Ashley had an affair with Australian model Kirsty Hinze while she was pregnant with their son Hunter (now 8). Kirsty is now married to billionaire James Packer.

Sports Direct

Mike Ashley’s Sportswear Megastore

Sports Direct is a leading sports retailer in the United Kingdom, founded in 1982 by Mike Ashley. The company has over 700 stores across the country, and also owns a number of well-known sporting brands, including Dunlop, Slazenger, and Lonsdale. Sports Direct has been mired in controversy in recent years due to its treatment of workers and suppliers, as well as its close relationship with Newcastle United Football Club owner Mike Ashley. Nonetheless, the company remains one of the biggest players in the UK sports retail market.

History

Sports Direct was founded in 1982 by Mike Ashley, who started out selling sports goods from his car boot. The business quickly grew, and by 1992 had opened its first store in Maidenhead. In 1999, Sports Direct floated on the stock market with a value of ufffd550 million. Since then, the company has continued to expand both through organic growth and acquisitions. In 2007, Sports Direct bought rival retailer JJB Sports for ufffd240 million. In 2013, it purchased a 50% stake in Scottish football club Rangers F.C., although this investment proved to be controversial and led to several high-profile court cases. Today, Sports Direct is one of the largest sportswear retailers in Europe with over 700 stores across 28 countries. The company also owns a number of well-known sporting brands such as Dunlop, Slazenger, Everlast etc., and has exclusive rights to sell Nike products in some parts of Europe..

Controversies

Sports Direct has been embroiled in various controversies over the years relating to its employment practices and treatment of suppliers. In 2015,.a BBC investigation found that some workers at Sports Direct’s warehouse were being paid less than minimum wage after deductions for things like taking too long for toilet breaks.. This led to widespread condemnation from politicians and trade unions,.and prompted an independent review into working practices at Sports Dirsct’s warehouses.. Another controversy erupted when it was revealed that some staff at SportsDirect’s stores were on zero-hours contracts which did not guarantee them any minimum number of hours work each week.. This led to accusations that the company was exploiting workers,.and resulted in calls for a boycott of Sports Direct’s stores.. Most recently,.in 2019,,it emerged that many employees at House of Fraser (which is owned by Sports Direct) had not been paid their full bonus entitlement for 2018/19,.resulting in yet more criticism levelled at Mike Ashley and his company..

Despite all these controversies,.Sports Direct remains one ogf Britain’s most popular sports retailers…

Personal life

Mike Ashley is a British businessman and the owner of Sports Direct. He has been married to Linda Ashley since 2006. Together, they have three children.

Controversy:

In 2015, it was revealed that Sports Direct was paying its workers below minimum wage. This caused a public outcry, and Ashley was called before Parliament to explain the company’s practices. Since then, Sports Direct has made some changes to its business model, but continues to be controversial.

Net worth

According to Forbes, Mike Ashley’s net worth is $3.4 billion as of 2019. This makes him the richest person in the UK’s sports industry and one of the richest people in the world.

Early life:

Mike Ashley was born in 1966 in Buckinghamshire, England. He is the son of an electrical engineer and a housewife. He grew up in a working-class family and attended state schools. He left school at 16 without any qualifications and started working in his father’s company, which manufactured electric motors.

Career:

In 1992, Ashley founded Sports Direct, a sports retailing company. The company was initially called Mike Ashley Sportswarehouse and it sold discount sports equipment from a warehouse in Derbyshire, England. The company expanded rapidly and by 1999 it was operating 100 stores across the UK. In 2000, Sports Direct floated on the London Stock Exchange with a value of ufffd1 billion (approximately $1.6 billion). Today, Sports Direct is one of the largest sportswear retailers in Europe with over 700 stores across 28 countries. It also owns a number of other brands including JD Sports, Lillywhites, House of Fraser, and Debenhams.

Controversy:

Sports Direct has been frequently criticised for its business practices including its use of zero-hours contracts, low pay, and poor working conditions for employees. In 2015, an undercover investigation by The Guardian found that workers at a Sports Direct warehouse were effectively being paid less than minimum wage due to their shifts being cut short or cancelled if they did not work fast enough. Mike Ashley himself has been criticised for his personal conduct including his drinking habits and aggressive behaviour towards employees and journalists

Philanthropy

Mike Ashley is no stranger to philanthropy. In 2012, he donated ufffd1 million to the Great Ormond Street Hospital Children’s Charity. He has also given money to the Royal Marsden Cancer Charity and The Prince’s Trust. In total, Ashley has donated over ufffd10 million to various charities.

His most recent act of philanthropy was donating ufffd5 million to the NHS Foundation Trust in May 2020. This donation will go towards supporting the fight against COVID-19.

Ashley is also the owner of Sports Direct, a leading sports retailer in the UK. Founded in 1982, Sports Direct has over 700 stores across the country. The company employs over 23,000 people and had a revenue of ufffd2.81 billion in 2019.

Despite its success, Sports Direct has been embroiled in controversy due to its poor working conditions and low pay for employees. In 2016, a report by MPs found that Sports Direct workers were effectively paid below minimum wage and faced “intimidating” management practices.

Ashley himself has been criticized for his handling of the company, with some calling him a “modern day robber baron”.

In spite of this controversy, Ashley remains one of the most successful businessmen in the UK today. He is estimated to be worth ufffd2 billion and continues to donate millions of pounds to charitable causes each year.”

Controversy

Mike Ashley, the owner of Sports Direct, has been embroiled in controversy for years. In 2015, it was revealed that workers at the company’s warehouse were paid less than minimum wage and were subject to harsh conditions. Ashley was also accused of racism and sexism after it was revealed that he had made racist and sexist comments to employees.

In 2016, Ashley was again in the news after it was revealed that he had used a secret offshore trust to avoid paying taxes on his ufffd11 million bonus from Sports Direct. This led to calls for him to be stripped of his knighthood.

Ashley has also been criticized for his treatment of employees at Sports Direct’s stores. In 2017, it was revealed that store workers were being paid below minimum wage and were subjected to unrealistic targets. This led to protests by employees and calls for a boycott of the company’s products.

Legacy

Mike Ashley’s House:

Mike Ashley is the owner of Sports Direct, one of the largest sporting goods retailers in the UK. He lives in a large house in London that is worth an estimated ufffd17 million. His wife, Linda, is also a well-known businesswoman and they have two children together.

The couple met when they were both working at the same company and they have been married for over 20 years. Linda is now the CEO of Sports Direct International and she also has her own fashion label. The family also owns a number of other businesses, including a property development company and a private equity firm.

Sports Direct was founded in 1982 by Mike Ashley and it has become one of the most successful sports retailers in the world. The company employs over 23,000 people and it has over 600 stores across 28 countries. Sports Direct has been embroiled in controversy in recent years due to its use of zero-hours contracts and its treatment of workers. However, the company continues to be profitable and Mike Ashley remains its owner.

The “mike ashley net worth 2022” is a question that has been asked by many people. Mike Ashley, owner of Sports Direct, has a net worth of $22 billion.