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Mike Ashley - Newcastle United

Necksta

By Necksta
in Sports Room

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Guest Swiftie

Guest Swiftie

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LolI saw this yesterday on SSNthing isalthoguh he is clueless about football, I thoguht Ashley actually...well, didnt WANT to f*ck up the club, he just couldnt help itBut how can he think that this is acceptable
He's a business man. You only have to look at his business model and realise that anything he does on the football side will always be a f*ck up in some form.
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Mame Biram Diouf Newbie

Mame Biram Diouf

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Sports%20Direct.jpg

Newcastle are to rename St James' Park as the Sports Direct Arena as they look to sell the naming rights to their stadium.

Until the club can find a sponsor to buy the naming rights the ground will be named after owner Mike Ashley's sports retail company.

Newcastle originally planned to allow sponsors to link their brand to St James' Park but that idea, put forward in 2009, is now replaced by the offer to purchase full naming rights.

One of the first things you think of when you hear Newcastle is St James Park

What a kick to the fans and their history

Would HATE for Old Trafford to be called some bullshit like the ''Nike Arena''

Surely the fans will protest this

LOL @ this topic

http://www.nufc-forum.com/nufcforum/index.php?topic=41657.0

4th November 2009 ''Asked if the name "St James' Park" would always remain - Llambias said: "Absolutely. In our reign, absolutely''
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Afroman Newbie

Afroman

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Mike Ashley, the sportswear tycoon, has made a £43m bet on shares in troubled Tesco after a torrid week for the grocer.

Sports Direct, which was founded by Mr Ashley, has sold a so-called “put” option to Goldman Sachs on over 23m shares in Britain’s biggest retailer, the equivalent of a 0.3pc stake.

Under the “put”, the sportswear retailer stands to profit if Tesco’s share price rises. If shares in the supermarket group fall, the most Sports Direct can lose is £43m.

 

Although Sports Direct claimed in a statement that the investment reflects the company’s “growing relationship with Tesco and belief in Tesco’s long-term future”, City analysts said the investment was little more than a punt by Mr Ashley that Tesco’s shares will rise. Shares in the company are down more than 40pc this year.

Nick Bubb, retail analyst, said: “With mighty BlackRock selling, it clearly takes two to make a market, but we suspect that most Sports Direct shareholders would probably prefer Mike Ashley to stick to what he’s good at and not go around punting in Tesco shares.”

 

 

Sports Direct shares are down more than 10pc in 2014 and have fallen by almost a third since hitting a peak of 922p in April. They fell another 3pc to 640pc on Thursday on the back of Mr Ashley’s latest move.

The Newcastle United owner has a history of making bets on companies and lost £300m through an investment in HBOS.

In January, Sports Direct made a similar bet on Debenhams shares. The company bought a 4.6pc holding in the department store group only to then promptly sell it, while at the same time entering into a put option over a 6.6pc Debenhams stake. Shares in the FTSE 250 department store company have slumped more than 25pc since Mr Ashley’s interest was first disclosed.

 

 

The sports retailer already has a commercial relationship with Tesco. The supermarket group has let space to Sports Direct in eight stores in central Europe and four in Malaysia. Sports Direct also occupies space in 11 properties owned by Tesco in the UK.

 

 

The sportswear group could seek to expand the relationship beyond property and wholesale products to Tesco, according to a source close to the company. Tesco could allow Sports Direct products on to its online third-party marketplace.

The “put” option establishes another link between the two companies. If Tesco shares are below a certain price - the so-called "exercise price" - when the option expires, Sports Direct can either settle the put by buying the Tesco shares at the agreed level or pay the difference in cash.

However, Sports Direct will receive a premium if Tesco shares are above the exercise price when the put expires, therefore benefiting from an increase in

 

Tesco stock. The expiry date and exercise price were not disclosed.

News of Mr Ashley’s bet failed to galvanise Tesco shares, which closed down 2.4, or 1pc, to 192½p.

 

 

MA>______

GABOS approach. but hey! all legal.

Could be a major L but it wouldn't hurt him too tough. However it the share rises. He is laughing.

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Sent them 5 players to Rangers and said the manager has got to play them :rofl:

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  • 4 weeks later...
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Rafa gone

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