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Sports Direct uses Mike Ashley's sibling for some overseas deliveries - report

Mon, 22nd Aug 2016 14:41

(ShareCast News) - Sports Direct pays some takings from web customers outside the UK to a delivery brokerage owned by founder Mike Ashley's brother, according to a report.Financial Times added that the FTSE 250-quoted retailer did not disclose this in its published accounts.The newspaper noted this expanded the list of transactions between the sporting-goods retailer and personal connections of billionaire Ashley.Sports Direct operates local-language websites that serve some 33 other countries.Earlier this year, in January, it emerged Ashley had put his daughter's 26-year-old boyfriend at the helm of Sports Direct's property team via a consultancy contract.That contract could see the boyfriend get paid millions of pounds.Meantime, Financial Times reported that Cleethorpes-based Barlin Delivery was owned by John Ashley, older brother to Ashley. It received a share of the revenue from Sports Direct's website orders sent overseas.These orders accounted for about 6% of Sports Direct's £2.9bn revenue, the report said, adding Barlin made about £300,000 a year in profit from the arrangement.Financial Times reported that the sporting goods retailer's website explained Barlin's role was only to deliver goods, not sell them.Barlin owned no trucks and employed no drivers; it paid couriers such as DHL to collect parcels from a Sports Direct warehouse, the newspaper reported.Companies are generally required to give details of dealings they have with related parties.Sports Direct said its auditors, Grant Thornton, had found no disclosure was required in relation to Barlin.
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25 Nov 2019 16:17

Britain's Sports Direct to change name to Frasers Group

LONDON, Nov 25 (Reuters) - Britain's Sports Direct International, the sporting goods retailer founded and controlled by Mike Ashley, is to rebrand as Frasers Group, it said on Monday.Sports Direct said the rebranding, which is subject to sharehol...

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6 Nov 2019 15:50

Sports Direct To Stop Buying Troubled Retailers On Lack Of Protection

Sports Direct To Stop Buying Troubled Retailers On Lack Of Protection

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31 Oct 2019 07:48

UPDATE 2-British election campaign kicks off on no-Brexit day

* Corbyn challenges vested interests of capitalism* Names billionaires who he says run corrupt system* Johnson warns Labour risks the United Kingdom* Johnson has 15-17 pct. point lead - two polls* Election could decide the fate of Brexit (Recasts he...

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31 Oct 2019 07:48

UPDATE 1-UK election campaign begins with Corbyn attack on "rigged system"

* Corbyn challenges 'vested interests' of capitalism* Names billionaires who he says run corrupt system* Johnson warns Labour risks the United Kingdom* Election could decide the fate of Brexit (Updates, changes date, recasts with Corbyn)By Guy Faulc...

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30 Oct 2019 11:54

Sports Direct says CMA figures 'wrong' in Footasylum probe

(Sharecast News) - Sports Direct International issued a response to a Competition and Markets Authority (CMA) decision to refer the completed acquisition by JD Sports Fashion of Footasylum to a phase 2 investigation on Wednesday.

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30 Oct 2019 08:57

Sports Direct Takes Issue With UK CMA Over JD Sports-Footasylum Deal

Sports Direct Takes Issue With UK CMA Over JD Sports-Footasylum Deal

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29 Oct 2019 08:43

Sports Direct CEO Says Goals Soccer SFO Dossier "Too Little, Too Late"

Sports Direct CEO Says Goals Soccer SFO Dossier "Too Little, Too Late"

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28 Oct 2019 16:28

Sports Direct Writes To UK MP Calling For Debenhams Investigation

Sports Direct Writes To UK MP Calling For Debenhams Investigation

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23 Oct 2019 15:37

UPDATE 1-Sports Direct picks RSM UK Group as auditor

(Adds details on Grant Thornton's exit, background)Oct 23 (Reuters) - Mike Ashley's retail group Sports Direct International said on Wednesday it had appointed RSM UK Group as its auditors, after Grant Thornton abruptly quit earlier this year.The...

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23 Oct 2019 15:19

Sports Direct appoints RSM UK Group as auditor

Oct 23 (Reuters) - Mike Ashley's retail group Sports Direct International said on Wednesday it had appointed RSM UK Group as its auditors, after Grant Thornton quit earlier this year.The company had said in August that Grant Thornton, the group's...

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23 Oct 2019 15:08

Sports Direct appoints RSM as auditor

(Sharecast News) - Mike Ashley's Sports Direct has appointed RSM as its new auditor with immediate effect.

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23 Oct 2019 08:16

Sports Direct Calls For Investigation Into Goals Soccer Centres

Sports Direct Calls For Investigation Into Goals Soccer Centres

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23 Oct 2019 08:09

LONDON BRIEFING: Sports Direct Calls For Probe Of Goals Soccer Centres

LONDON BRIEFING: Sports Direct Calls For Probe Of Goals Soccer Centres

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23 Oct 2019 07:45

LONDON MARKET PRE-OPEN: Fresnillo Production Slips; Softcat Confident

LONDON MARKET PRE-OPEN: Fresnillo Production Slips; Softcat Confident

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23 Oct 2019 07:32

Sports Direct hits out at Goals Soccer Centres

(Sharecast News) - Sports Direct hit out at Goals Soccer Centres on Wednesday, insisting that it hadn't properly engaged with the offer process.

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