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Just read a story about how we were Sheikh Mansour's first choice before Citeh but Ashley offended them by not turning up for a meeting.

 

i tell myself that is a lie to make myself feel better

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Just read a story about how we were Sheikh Mansour's first choice before Citeh but Ashley offended them by not turning up for a meeting.

 

Not really correct.. NUFC never returned the calls made by Sheikh Mansours representatives so they moved on.

 

Later, after the MCFC takeover Ashley/Wise and some others was in Dubai to discuss a takeover by another arab buyer but there was a bit of culture clash (to put it mildly) so it came to nothing.

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  • 2 weeks later...

http://www.theguardian.com/business/2015/sep/07/sports-directs-mike-ashley-re-election-city-rmal-loses-confidence

 

A City investment firm is to vote against the re-election of Sports Direct’s non-executive directors and executive deputy chairman, Mike Ashley, at the retailer’s annual shareholder meeting on Wednesday.

 

Ashley Hamilton Claxton, corporate governance manager at Royal London Asset Management (RLAM), which owns about £8.3m of Sports Direct shares, said: “We have lost confidence in the board and are very concerned about the long list of corporate governance failings that have not been addressed.”

 

The investment firm, which manages a total of £83.4bn of assets, particularly singled out the attendance record of Ashley, who founded the company. “We question how a board can effectively function when the executive deputy chairman fails to attend four board meetings, even if they are unscheduled,” Hamilton Claxton said.

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http://www.theguardian.com/business/2015/sep/07/sports-directs-mike-ashley-re-election-city-rmal-loses-confidence

 

A City investment firm is to vote against the re-election of Sports Direct’s non-executive directors and executive deputy chairman, Mike Ashley, at the retailer’s annual shareholder meeting on Wednesday.

 

Ashley Hamilton Claxton, corporate governance manager at Royal London Asset Management (RLAM), which owns about £8.3m of Sports Direct shares, said: “We have lost confidence in the board and are very concerned about the long list of corporate governance failings that have not been addressed.”

 

The investment firm, which manages a total of £83.4bn of assets, particularly singled out the attendance record of Ashley, who founded the company. “We question how a board can effectively function when the executive deputy chairman fails to attend four board meetings, even if they are unscheduled,” Hamilton Claxton said.

 

Makes no odds though does it, as he still owns majority shareholding.

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Well that's what I thought but quite a lot of financial websites etc are making a big deal of it.

 

Also didn't realise Keith Hellawell, Police drug tsar in the late 90s fame, is the current chairman of SD. Was quite the laughing stock when I was at the height of my clubbing days 99-02.

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Makes no odds though does it, as he still owns majority shareholding.

 

Not in terms of running the company, but it won't help the share price if large institutional investors are clearly unhappy. Now that's either bad news for Mike if he plans to sit tight or to sell more, but great news if he fancies buying it all back.

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http://www.theguardian.com/business/2015/sep/07/sports-directs-mike-ashley-re-election-city-rmal-loses-confidence

 

A City investment firm is to vote against the re-election of Sports Direct’s non-executive directors and executive deputy chairman, Mike Ashley, at the retailer’s annual shareholder meeting on Wednesday.

 

Ashley Hamilton Claxton, corporate governance manager at Royal London Asset Management (RLAM), which owns about £8.3m of Sports Direct shares, said: “We have lost confidence in the board and are very concerned about the long list of corporate governance failings that have not been addressed.”

 

 

 

 

The investment firm, which manages a total of £83.4bn of assets, particularly singled out the attendance record of Ashley, who founded the company. “We question how a board can effectively function when the executive deputy chairman fails to attend four board meetings, even if they are unscheduled,” Hamilton Claxton said.

 

Makes no odds though does it, as he still owns majority shareholding.

 

 

http://i1216.photobucket.com/albums/dd376/deathshead75/JPEG%20image-A48335766591-1_zpszusaonab.jpeg

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Makes no odds though does it, as he still owns majority shareholding.

 

Not in terms of running the company, but it won't help the share price if large institutional investors are clearly unhappy. Now that's either bad news for Mike if he plans to sit tight or to sell more, but great news if he fancies buying it all back.

 

Hes never been one to listen to shareholders to be fair, and they make enough money that people will happily own shares in them still.

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A shareholder doesn't want a nice bloke who he can emphasize with, he wants someone who will make him money at all cost. Love him or hate him Fat boy is squarely in the latter category, not surprising 88% of shareholders voted for him to continue at the helm...

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A shareholder doesn't want a nice bloke who he can emphasize with, he wants someone who will make him money at all cost.

 

That's not really true- a lot of institutional investors have conservative views on proper corporate governance and ethical practices and there is a good body of evidence that this approach can improve your long-term return.

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I hope Ashley was the one who said that and McClaren doesn't agree with it :lol:

 

We had 10 minute’s chit-chat, mostly about Sports Direct and how it makes so much money and how he’s turned this club around in eight years to be in profit and for us to spent £50million and not sell our best player in the window.

 

So much :anguish: if he actually believes it, hopefully it was just Ashley telling him that though.

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