[32], As the transfer window closed at midnight on 2 September, rumours started to appear in the press stating that Keegan was extremely unhappy with Director of Football Dennis Wise's interference in team matters. Mr Ashley started Sports Direct 34 years ago with a 10,000 loan from his parents. The 26-year-old is still listed as a shareholder in a party promotion business, TM Bars Limited, which he set up with Mr Mullins. The Institute of Directors, the business leaders group, said the arrangement would not be tolerated at other companies and warned that shareholders would seek assurances over Murrays role and qualifications. He said at the time: 'I'm a dad who can't take his kids to a football game on a Saturday because I'm advised we would be assaulted. [70] The group initially bought 46 leisure clubs and 31 retail outlets from DW Sports Fitness for 37 million to merge with its own business. [55] However, on 30 July 2020 the consortium pulled out of the buying process, citing the prolonged delay from the Premier League to communicate a decision as causing their acquisition of Newcastle United to become untenable. Ashley HomeStore - East Bay Bridge. Never mind that most of the tracksuits and training shoes he sells are worn by unsporty couch-potatoes rather than gym bunnies, or that the rough-diamond entrepreneur has been nicknamed The Chav King of the High Street. They've found their spark again. Here are the brands Frasers Group owns. He has amassed an enormous retail . 'Our story is one of hope': Conjoined twins who made history as first EVER pair survive to separation As Charles Bronson faces a parole hearing on Monday Will Britain's most violent prisoner soon be painting Is this Britain's most despicable man? Mike prides himself in shunning Armani suits for cheap High Street tracksuits and carries his mobile phone in a plastic bag. He said: 'I'm here every Wednesday and I see his helicopter fly over most weeks. He used to work as a nightclub promotor before overseeing his future father-in-law's personal property portfolio. Our people have once again found themselves in the spotlight through no fault of their own, yet they remain hard working and loyal. This, too, was conveniently (if a little bizarrely) located on the same road as the family home and Mikes pad in leafy North London, where neighbours include Arsenal manager Arsene Wenger and members of boyband One Direction. His eldest daughter Anna is married to Michael Murray, who has an influential role at Ashley's Sports Direct to House of Fraser retail empire. Neighbours who say the first thing Ashley did was raise the security gates and surrounding walls are still getting used to his garish Christmas display. After their divorce, Linda kept the home and Mike moved into a 33-room pillared mansion down the road, bought in 2005 for 12 million. Mike Ashley left school at 16, becoming a county-level squash player, then, after an injury, becoming a county-level squash coach. How Prince Harry's chat with guru who compared Hamas terrorists to Jews who battled the Nazis has appalled JAN MOIR: Goodbye Ken, the world always seemed safer with you on the airwaves, Abstaining from masturbating RAISES risk of anxiety, depression and erectile dysfunction, study warns. The boyfriend of Mike Ashleys daughter is in line for a multimillion-pound payout from the billionaires Sports Direct empire, after the company revealed that he will head a property division with a 250m war chest. In behaviour similar to the daughters of another swashbuckling business/sporting tycoon Formula 1's Bernie Ecclestone Matilda's social media profiles are full of glamorous selfies. But of late hes sought refuge further afield, flying to Florida to relax in his eight-bedroomed sprawling villa, located in a gated community on La Gorce Island, an A-list haven with private docks and an on-site country club that was previously home to the singer Cher. Mike made headlines in 2008 after a wild party at a New York nightclub saw him spend 125,000 on alcohol, including 450 bottles of champagne and a 30,000 tip. They did, however, state that they would be reviewing the film closely. Hellawell said the directors accepted responsibility for our shortcomings, but there has also been disproportionate, inaccurate and misleading commentary. He also stopped in a pub before appearing before MPs this week, right, Rekindled: Mrs Ashley with her ex-husband at a Newcastle match in London last Christmas during a rare appearance together. In February 2003, Ashley bought the Dunlop Slazenger brand for 40million, followed up by acquiring outdoor gear manufacturer Karrimor in March 2003,[13] Kangol for 10million,[14] boxing brand Lonsdale, most of these brands were bought from distressed sellers. For most of the working week, he's at the company's unglamorous nerve-centre in Shirebrook. The arrangement is the latest in a string of deals involving Ashley's family members. Billionaire Ashley said he would continue to financially back SportFX for the 'foreseeable future'. The famously reclusive billionaire has barely given an interview for a decade and never comments on his private life - but friends have previously claimed he could propose to his ex-wife again and had even lost weight after finding happiness with her again. A gardener who works on another house next door to Mr Ashley's Barnet home said he sees the billionaire's helicopter fly over almost every Wednesday. admitting the company has become too big for him to control solely. as well as other partner offers and accept our, NOW WATCH: It took 2 cranes to lift the 41-tonne plane that skidded off an icy runway in Turkey, The Financial Reporting Council (FRC) has since announced that it is investigating, Ashley was also forced to defend himself in January. joining the board as a non-executive director and joining the company's audit committee. If I get married again, I'll marry here. Estate agent records show the home was let out in March for 3,250 a week. [41] A Newcastle statement confirmed, "Mike Ashley is totally committed to the future success of Newcastle United and will be focused on gaining promotion back to the Premier League. [40], On 27 October, Ashley took Newcastle United off the market after again failing to find a suitable buyer for the club. Kinnear however suffered heart trouble the following month and was given leave by the club to recover. Yesterday, Sports Direct refused to. Shes more of a party girl enjoying holidays on chartered yachts in the Mediterranean and jaunts to St Tropez, Miami and Magaluf with a close-knit group of friends. The group is worth around 3billion and has almost 1,000 shops. [28] 100% acquisition was achieved in July with Ashley paying a total of around 134million to buy the club. Mrs Ashley's mansion appears to be on the market at the moment - and some newspapers have suggested that Mr and Mrs Ashley could marry again. The views expressed in the contents above are those of our users and do not necessarily reflect the views of MailOnline. Aware of her husbands love of football (he did spend 135 million buying Newcastle United), Mrs Ashley even arranged for a number of big screens to show Englands Euro 2016 match. Upon the broadcast of the BBC documentary, Mike Ashley Uncovered, his dealings at Newcastle United were detailed, with it being announced that he only discovered upon purchase of the club how much debt the club was in, and that it cost him another 100m upon purchase to steady the club's financial security, having not viewed the account books prior to purchase. Now we step inside the breathtakingly extravagant world of the Flashy Ashleys . According to The Sunday Times Rich List in 2021, Ashley is the 61st richest person in the UK with an estimated net worth of 2.718 billion. You want me out. [15][16], Ashley has a 29.4% stake in Blacks Leisure Group, the owner of Millets and Mambo,[17] and is thought to hold stakes in JJB Sports and 19% of JD Sports. The group has also struck a deal with beauty company Double Take run by Mr Ashley's youngest daughter Matilda, 20, which could bag her millions. Recent accounts revealed that the company was being financed by loans from his dad. Prince Andrew has 'offered to manage prestigious Royal estates including Balmoral but King Charles has told PLATELL'S PEOPLE: Yes, Madonna toyboys are fun but not if you value your dignity. Doncaster-born Michael has been lined up to become chief executive in May next year. Mom who lost both sons to fentanyl blasts laughing Biden, Missing hiker buried under snow forces arm out to wave to helicopter, Pavement where disabled woman gestured at cyclist before fatal crash, Isabel Oakeshott receives 'menacing' message from Matt Hancock, Pro-Ukrainian drone lands on Russian spy planes exposing location, 'Buster is next!' 21:51 GMT 24 Jul 2021 Me and Mike are working like a partnership.". The latter can be worth up to 1 million. Ashley said his long term ambition for Sports Direct was to become the Selfridges of sports retail. This could lead to Mr Murray becoming a multimillionaire, if he is successful. Since then the company has been forced to pay 1m in back pay to staff and offer more staff guaranteed working hours. In the wake of the Guardians investigation Walker called Sports Direct a scar on British business. Instead of opting for a different attire, Ashley chose to take his usual place among the travelling fans for the game. Linda moved Simon, currently director of five businesses including a textile wholesaler and soft furnishings manufacturer, into her two Totteridge mansions and in 2004 the couple had a son, Tyler. Some things have changed because yesterday he left home driving his Bentley, but old habits die hard. According to the Sunday Times Rich List, he is worth 2.7billion. Michael James Wallace Ashley (born 9 September 1964) is a British billionaire retail entrepreneur focused in the sporting goods market, and the chief executive of Frasers Group Plc (formerly Sports Direct International). A Newcastle United statement declared that Ashley had been given the beer and told that it was non-alcoholic despite the fact that Arsenal do not sell non-alcoholic beer at their stadium. Mike will put a further 20m into the club this week. Affiliate links: If you take out a product This is Money may earn a commission. [33] Keegan drove to Manchester to consult with the League Managers Association chief-executive Richard Bevan; while in this meeting it is thought Ashley found out from Llambias of the row and attempted to contact Keegan. For a period he was unable to take his family to matches for fear of abuse. On 26 July 2017, Mr Justice Leggatt ruled that Ashley won a high court battle over investment banker Jeffrey Blue's allegation that during a "night of heavy drinking" at the Horse and Groom pub in London, Ashley agreed to pay Blue 15 million if Sport Direct's shares doubled to 8. [39], After the club's relegation, Ashley struggled to find a buyer capable of providing proof of funds to purchase Newcastle United throughout August and September 2009, local businessman Barry Moat was reported to have opened negotiation talks with Ashley. The couple own a lavish 32million eight-bedroom mansion in Miami Beach, Florida, located in a gated community on La Gorce Island. A member of staff revealed: The finest champagne, wine and food are being delivered. EXCLUSIVE: Head teacher of leading grammar school is sacked for sending parents a list of striking teachers. The budget sportswear retailer has also struck a licensing deal with makeup brand SPORT FX, which is owned by a company where Matilda Ashley is a director. "[41] The move to withdraw the sale proved questionable among many as he had stated little more than a week before that he regretted the purchase of the club and felt he never had the required stance and knowledge to own a football club. Mr Ashley started Sports Direct 34 years ago with a 10,000 loan from his parents. His remuneration is based solely on creating value, with the companys non-executive directors overseeing an independent review annually and deciding, in their absolute discretion, how much of any increased value (up to a maximum of 25 per cent) shall be paid to Michael.. In his statement, Ashley stated "I have listened to you. That is what I am now trying to do. This service is provided on News Group Newspapers' Limited's Standard Terms and Conditions in accordance with our Privacy & Cookie Policy. Join Facebook to connect with Matilda Ashley and others you may know. On 2 October 2009, a Premier League arbitration panel found the club guilty of "constructive dismissal" and Mike Ashley was made to pay Kevin Keegan 2,000,000 compensation plus interest for his mistreatment during the time at the club. [31], On 30 August 2008, Ashley was shown on live television drinking beer while with fans in the away stand during Newcastle's game against Arsenal in London, contravening Premier League licensing rules stating that alcohol may not be consumed in sight of the pitch. And its proud founder was raking in the profits. Prince Andrew has 'offered to manage prestigious Royal estates including Balmoral but King Charles has told PLATELL'S PEOPLE: Yes, Madonna toyboys are fun but not if you value your dignity. Part of the Daily Mail, The Mail on Sunday & Metro Media Group. Were mortgage rates below 4% a flash in the pan? Mr Murray is also a director of Strawberry Place Newcastle Limited, which is a property business associated with Mr Ashleys Newcastle United. He adores her and always has. But it has come under mounting criticism from unions, politicians and shareholders. I've had enough of life': Grandmother, 86, is reduced to tears after killjoy Tory RICHARD LITTLEJOHN: As Florida governor and Donald Trump rival Ron DeSantis steps up his bid to win the Hairy Bikers star Dave Myers speaks out on his deep depression after chemotherapy which left him having 'How I snatched JK Rowling's baby out of her abusive husband's arms - and helped her flee with the Harry Top equestrian rider, 39, once known as the 'golden girl' of horse eventing, is facing jail after being A possum feared extinct is discovered by an amateur naturalist in Papa New Guinea being cooked on a Now California reparations panel RAISES amount it wants to give 1.8m black people from $220,000 to $360,000 My weekly horoscope: What will March 4th 2023 bring for MY star sign? Designed to look like a seagulls wing from the air, the villa has seven bedrooms, an infinity pool, tennis courts and an amphitheatre overlooking the ocean. But her then husband continued to drive his well-worn Vauxhall Cavalier, but thisdidn't last forever, however, because Mr Ashley traded it in for a new Ford Sierra a few years later. It is an extraordinary turnaround for Mr Ashley, 51, who was said to have been heartbroken after the 2002 split with his wife of 14 years. Since Sports Direct International Plc went public, and his purchase of Newcastle United where he took to sitting in the stands with fans, Ashley took on a more public and accessible persona. After their 2003 divorce, Linda started a relationship with Simon Brodin, 44, a wealthy London businessman whose past girlfriends include a string of pop stars. Mike Ashley has three children - two daughters and one son - with ex-wife Linda. She spent another 2 million buying the cottage next door, which acts as a gatehouse to the property, now worth 20 million. Matilda, Anna and Oliver, from 1998 to 2003. [72], In 1988 aged 24, he married Linda Jerlmyr, a Swedish-born economics graduate, and the couple have three children. Join thought-provoking conversations, follow other Independent readers and see their replies. [65], On 17 November 2022, Ashley bought the CBS arena, Coventry City's stadium, in an attempt to save the football club from debts. 'After they got back together he used to come round on a Friday night and stay the weekend and then she would visit him. In 1996, having expanded to 50 outlets, the firm was rebranded as Sports Soccer and acquired the Donnay brand. One photo shows her surrounded by shirtless young men at an event organised by Sintillate an exclusive party company operating in the UK, Majorca, Ibiza and Marbella. The financial reporting watchdog noted that there was no discussion of Sports Directs international stores, which are a significant part of its business. He should focus his energies on reforming his business, instead of blaming those who have held him to account in the name of the public interest.. Mikes other two properties are thought to be in Playa de las Americas, a lively resort in Tenerife, near the holiday retreats of Penelope Cruz, Jennifer Lopez and Mariah Carey. By clicking Sign up, you agree to receive marketing emails from Insider He made his money in the sporting goods business through his retailing group Sports Direct. Want to bookmark your favourite articles and stories to read or reference later? He is at risk of being categorised as a de facto or shadow director under existing guidelines, making him subject to the same duties and liabilities as Sports Directs board. Murdaugh is heckled as he leaves court, Ken Bruce finishes his 30-year tenure as host of BBC Radio 2, Moment teenager crashes into back of lorry after 100mph police race, Alex Murdaugh unanimously found GUILTY of murder of wife and son, Isabel Oakeshott clashes with Nick Robinson over Hancock texts, Family of a 10-month-old baby filmed vaping open up, Ukrainian soldier takes out five tanks with Javelin missiles. Even worse, many such slurs aren't from men but 'I couldn't do it without you': Victoria Beckham poses with her whole family after her PFW show - as she Brooklyn Beckham puts on a loved-up display with wife Nicola Peltz as they head back to hotel after Cruz Beckham supports his mother Victoria as he carrying his very own VB handbag on the way to her show Like father, like daughter! [34] This led to prolonged protests by fans directed against Ashley and Wise, being dubbed the "Cockney Mafia." The company has also done a deal with a beauty company run by the youngest daughter of Mike Ashley, the billionaire founder of the company. They now live in a multimillion pound mansion in London's posh Belgravia. Lee Charnley was quietly announced as his successor in 2014. The controversy comes after a Guardian investigation revealed that the company effectively pays thousands of temporary workers below the national minimum wage of 6.70 an hour and subjects warehouse staff to a regime of searches and surveillance. But fast forward 30 years and Mike, the tycoon who founded Sports Direct and owns Newcastle United football club, has become a notorious and highly controversial figure while raking in vast amounts of money from his myriad businesses. BILLIONAIRE Mike Ashley is the man behind Sports Direct and a host of other brands. [67], Ashley's Sports Direct firm has a 38.5% stake in retailer Game Digital. Neil Craven, Financial Mail on Sunday
[11] In mid-2006, it was also revealed that Ashley had held talks with John Hargreaves, founder of Matalan on both taking a 25% stake in the retail business and installing mezzanine floors in larger Matalan stores, on which Sports World outlets could be operated. In June he told a Parliamentary select committee that some of his workers were effectively paid less than the minimum wage because they were held back and searched after their shifts. Murrays remuneration is based solely on creating value, Sports Direct said. Murray previously ran student nights in Reading, Berkshire with a friend. Last week, Sports Direct bowed to growing pressure over its employment practices and announced it would increase the pay of thousands of staff on the minimum wage by 15p an hour. The couple have recently got back together after splitting in 2003. While Ashley has apologised for past mistakes, with his business practices under scrutiny once again, he and Linda, 50, are nowhere to be seen recuperating, perhaps, in one of their many multi-million-pound mansions around the world. "The Sun", "Sun", "Sun Online" are registered trademarks or trade names of News Group Newspapers Limited. Just a couple of days later, the company made a U-turn on this decision, announcing that they would be closing until given the green light to reopen by the government. [23], Ashley turned whistleblower on industry rivals in 2000, handing the Office of Fair Trading evidence of business meetings held by sports retailers to fix the price of football shirts. Ashley is the owner of Newcastle United, a Premier League soccer team. But soon this wasnt roomy enough for his growing family son Oliver was born in 1990, daughter Anna in 1991 and Matilda in 1997 and in 1993 Mike and Linda upscaled to a 5 million house with landscaped gardens, another outdoor pool and staff accommodation in upmarket Totteridge, North London. But not even billionaires can travel everywhere by air. Clive Lewis MP, Labours shadow business secretary, said: It is not surprising that Sports Directs profits have taken a hit given the revelations that employees have been paid less than the minimum wage for years, made to work in Victorian conditions, and the collapse of corporate governance structures that followed. The retailer has a deal with a delivery company called Barlin, which is 100% owned by Mike Ashleys brother John. Also on Thursday, the FRC wrapped up an earlier investigation into Sports Direct, which probed why the firm failed to discuss the development and performance of the firm's international stores in its last Annual Report. Ricky's Sports Theatre and Grill owner Ricky Ricardo, who knew late Oakland Raiders owner Al Davis, walks around his bar in San Leandro, Calif., on Saturday, Oct. 8, 2011. No further comment has been made. By Neil Craven, Financial Mail on Sunday. The retailer is ready to commit 250m towards buying new sites, particularly in south-east of England, and rolling out the new stores. ', Close: Mr and Mrs Ashley were married for around 14 years - there was around 12 years when they were not together but it appears they are going strong again, Sports Direct billionaire Mike Ashley's daughter Anna, left, has been dating Michael Murray since 2011 - he has been handed a plum role with Mr Ashley's sports company, Mr Ashley's youngest child Matilda'ssocial media profiles are full of glamorous selfies, left, she owns a Chelsea house bought for 5million - her brother Oliver works in radio rather than for the family business. This despite the 50 million settlement when they divorced in 2003. View our online Press Pack. Original reporting and incisive analysis, direct from the Guardian every morning. We are no longer accepting comments on this article. Nationwide hikes cost of home loans just weeks after cutting Thrills without frills: New five-seater MG5 EV all-electric estate designed with 'keep it simple' maxim in mind, SMALL CAP MOVERS: Baron Oil falls despite upbeat report; Accrol surges after kitchen towels deal with Unilever. Friends say Ashley adores her and always has. When Mike Ashley met his wife, Linda, a Swedish-born economics graduate, in 1986, he was a lowly squash coach working in a sports shop in Maidenhead. , updated The comments below have not been moderated. 10 miles. If that wasnt enough, Linda also owns a lakeside home near Stockholm in Sweden. One acquaintance said earlier this year they are 'more together than not' but the tycoon, who is known to work until 2am on many days, refuses to comment. Corporate governance watchdogs criticised Sports Direct, the sporting retailer controlled by Ashley, after the retailer revealed that Michael Murray would lead its UK and international property team. Shareholders were outraged by the apparent nepotism which some said could see Michael earning as much as 2.5 million a year. Though the offices are based at a Grade II-listed building in Burnham, Matilda lives in Chelsea in a 5.1 million mews house that appears to be being renovated. This is not the first deal to involve members of Ashleys family. Some links in this article may be affiliate links. Matilda owns a second Chelsea mews house on an adjoining street, which she bought last September for 5.1 million in cash. Sports Direct will get exclusive rights to the . [54], On 14 April 2020, it emerged that a request to undertake the Premier League's Owners' and Directors' Test had been filed by a consortium consisting of PCP Capital Partners, Reuben Brothers and the Public Investment Fund of Saudi Arabia (PIF), as the final stage of their 300m bid to purchase ownership of Newcastle United from Mike Ashley. The company owns SportFX's cosmetics brand. Lindas company, Current Design and Build, went into liquidation last year leaving her with even more time for swish shopping sprees. The lodge, which the children adored when they were young, was a gift from her parents. : 'Shy and quiet' company stalwart who rose through the ranks", "Mike Ashley says he will not sell Newcastle United until he has won trophy", "Mike Ashley 'regrets' buying Newcastle but remains 'wedded' to club", "Sunderland safe after Lamine Kon double sinks crumbling Everton", "Newcastle United takeover deal worth 300m close", "Newcastle takeover: Full statement from PIF, Amanda Staveley and Reuben Brothers as proposed bid fails", "Newcastle hire lawyers in dispute with Premier League over failed Saudi-led takeover", "Newcastle take Premier League to competition tribunal over takeover collapse", "Newcastle owner Mike Ashley takes Rangers stake to almost 9%", "SFA rejects Mike Ashley's Rangers stake increase request", "Rangers: Fans protest against board at Ibrox Stadium", "Rangers: Mike Ashley seeks security over Ibrox for 10m loan", "Newcastle owner Mike Ashley sells entire Rangers shareholding", "Retail tycoon Mike Ashley buys CBS Arena for 17m", "Former Newcastle United owner Mike Ashley makes Coventry City stadium U-turn", "Mike Ashley bounces back with 52m bid for Game Digital", "Mike Ashley bags another prize asset in Mulberry", "Mike Ashley's Frasers Group buys fitness chain DW Sports", "Mike Ashley buys long-time rival's sports business", "How Mike Ashley became the new emperor of the high street", https://en.wikipedia.org/w/index.php?title=Mike_Ashley_(businessman)&oldid=1135841698, This page was last edited on 27 January 2023, at 05:12. [27] As of 15 June 2007, Ashley owned a 77.06% stake in Newcastle United, on course to withdraw the club from the stock exchange having surpassed the 75% threshold required. Management meetings are frequently held in the nearby Lion Hotel, and can last until 3am. Ashley Furniture HomeStore. Considering the importance of Mr Murrays role to Sports Directs future, shareholders and other employees deserve to know more about this appointment.. He's happy, she's happy, and to the amazement of people who know them, Mike and Linda are now getting back together.'. The statement also outlines how Sports Direct had linked with Double Take, a company owned by Mike Ashley and of which his daughter Matilda is a director, for a new cosmetic brand called Sport FX. Part of the Daily Mail, The Mail on Sunday & Metro Media Group. Thomas ColsonSports Direct founder Mike Ashley outside his Shirebrook warehouseLONDON - Sports Direct is buying a 40 million corporate plane and doing a makeup For further details of our complaints policy and to make a complaint please click this link: thesun.co.uk/editorial-complaints/, Mike Ashley and daughter Anna celebrate a Newcastle United goal, Anna with fiance Michael Murray, who is set to become Frasers Group chief exec, Mike Ashley shuts down Newcastle club shop and makes all staff redundant, Headteacher sacked 'after sending parents a list of striking teachers' as school launches probe, Isle of Innisfree ferry: Blaze breaks out on boat carrying 183 people in English Channel as lifeboats scramble to scene. [49][50], On the final day of the 201415 season, Ashley gave his first televised interview to Sky Sports, eight years after buying the club. He entered the department store industry following the acquisition of House of Fraser post-administration in 2018. An undercover Guardian investigation last year exposed how Sports Direct workers were being paid less than the minimum wage. His family enjoys all the trappings of his vast wealth, and it appears he may be an old romantic too because he has always 'adored' his ex-wife. How much is Sports Direct supremo Mike Ashley worth? Its not the first time Mike has helped him out: the deposit for the couples home was a loan from the Bank of Dad. Mike Ashley has three children - two daughters and one son - with ex-wife Linda. They previously lived at a mews house in Chelsea, which was sold for 5.7million in cash in September to Miss Ashley's 19-year-old sister Matilda. The profit slump has hit shares hard, with shares down over 7% at close to 10.20 a.m. GMT (5.20 a.m. [26] On 7 June, it was confirmed that chairman Freddy Shepherd had agreed to sell his 28% share to Ashley, which left Ashley free to take control of the club. Ashley's popularity increased further with the return of Kevin Keegan as manager on 16 January 2008,[30] to replace the previous regime's relatively unpopular choice Sam Allardyce. The most opulent is a 9.7 million clifftop villa in the swanky resort of Port dAndratx, Majorca, frequented by celebrities with superyachts and off-duty oligarchs. Sports Direct tycoon Mike Ashley has pledged financial support for his daughter's cosmetics company following its fifth consecutive year of losses. Please refresh the page or navigate to another page on the site to be automatically logged inPlease refresh your browser to be logged in, Mike Murray given 250m war chest to 'create value'in property consultancy role, Find your bookmarks in your Independent Premium section, under my profile.