Sports Direct Founder Pockets £929m Fortune

Written by Seriously Business

Mike Ashley, the entrepreneur behind the successful high-street sports stores Sports World and Lillywhites, has cashed in on his 43 per cent holding in his company, Sports Direct, pocketing £929 million.

The 300.9 million shares were sold at 300 pence each, making this the first major flotation of a UK retailer since Debenhams in May last year. …continue reading the story
called Sports Direct Founder Pockets £929m Fortune