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Guest Haris Vuckic

It must be class that.

 

''Right, this is shite, fire up the chopper we're going to the Pub''

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http://i61.tinypic.com/34988sy.jpg

Not sure the commercial figures add up though HF.

 

:D

 

deleted it now, not redoing it to balance my rounding error.

 

Better to just look at what the wage bill was in Shepherds last season vs now IMO.  Same goes for profit and loss ect.  Averaging just makes both of them look less shit than they are in some ways.

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Ashley bonus approved despite revolt

 

By Duncan Robinson

 

After two previous shareholder rebellions, Sports Direct owner Mike Ashley struck third-time lucky on Wednesday when investors voted for a £200m bonus scheme in a six-minute-long meeting.

 

The billionaire, who left the Derbyshire general meeting by helicopter without addressing shareholders, will finally receive his share of the retailer’s employee and management bonus plan after 60 per cent of investors voted in favour of the scheme.

 

Battles between Sports Direct and its shareholders have been a hallmark in the retailer’s life as a public company since its flotation in 2007. Exactly how much Mr Ashley, who owns 58 per cent of the retailer but did not vote his shares, will take home is unclear.

 

The Newcastle United owner’s unexpected victory came after the Association of British Insurers called on investors to vote against the scheme.

 

Sports Direct’s elevation to the FTSE 100 late last year brought more blue-chip City investors on to the company’s shareholder register, bringing with them higher expectations of corporate governance.

 

But Wednesday’s victory revealed that many investors are prepared to put up with Mr Ashley’s controversial management style – which includes public slanging matches with suppliers and a penchant for buying stakes in rivals, as well as large bonuses – in exchange for stellar returns.

 

Sports Direct’s share price has rallied from 32p in 2008 to a peak of more than 900p this year. It closed on Wednesday afternoon at 728p.

 

Some big City institutions protested that they had not been consulted on the latest bonus scheme, even after blocking the retailer’s two previous proposals.

 

In the run-up to the vote, Mr Ashley personally called shareholders asking for support.

 

However much of the 25m shares Mr Ashley receives, the sum will make only a modest addition to his existing fortune, which stands at £4bn.

 

Sports Direct staff will not celebrate yet. For the scheme to pay out, the retailer will have to more than double its earnings before interest, tax, amortisation and depreciation by 2019, from a forecast of £310m in 2014 to £750m. A quarter of the bonus would be paid out in 2019 and the remainder in 2021.

 

Keith Hellawell, non-executive chairman of Sports Direct, said the vote “recognises the substantial contribution made by Mike Ashley over many years”.

 

Despite his modest title of “executive deputy chairman”, Mr Ashley takes charge of the strategy of the business but receives no salary.

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Ashley bonus approved despite revolt

 

By Duncan Robinson

 

After two previous shareholder rebellions, Sports Direct owner Mike Ashley struck third-time lucky on Wednesday when investors voted for a £200m bonus scheme in a six-minute-long meeting.

 

The billionaire, who left the Derbyshire general meeting by helicopter without addressing shareholders, will finally receive his share of the retailer’s employee and management bonus plan after 60 per cent of investors voted in favour of the scheme.

 

Battles between Sports Direct and its shareholders have been a hallmark in the retailer’s life as a public company since its flotation in 2007. Exactly how much Mr Ashley, who owns 58 per cent of the retailer but did not vote his shares, will take home is unclear.

 

The Newcastle United owner’s unexpected victory came after the Association of British Insurers called on investors to vote against the scheme.

 

Sports Direct’s elevation to the FTSE 100 late last year brought more blue-chip City investors on to the company’s shareholder register, bringing with them higher expectations of corporate governance.

 

But Wednesday’s victory revealed that many investors are prepared to put up with Mr Ashley’s controversial management style – which includes public slanging matches with suppliers and a penchant for buying stakes in rivals, as well as large bonuses – in exchange for stellar returns.

 

Sports Direct’s share price has rallied from 32p in 2008 to a peak of more than 900p this year. It closed on Wednesday afternoon at 728p.

 

Some big City institutions protested that they had not been consulted on the latest bonus scheme, even after blocking the retailer’s two previous proposals.

 

In the run-up to the vote, Mr Ashley personally called shareholders asking for support.

 

However much of the 25m shares Mr Ashley receives, the sum will make only a modest addition to his existing fortune, which stands at £4bn.

 

Sports Direct staff will not celebrate yet. For the scheme to pay out, the retailer will have to more than double its earnings before interest, tax, amortisation and depreciation by 2019, from a forecast of £310m in 2014 to £750m. A quarter of the bonus would be paid out in 2019 and the remainder in 2021.

 

Keith Hellawell, non-executive chairman of Sports Direct, said the vote “recognises the substantial contribution made by Mike Ashley over many years”.

 

Despite his modest title of “executive deputy chairman”, Mr Ashley takes charge of the strategy of the business but receives no salary.

Now worth £4bn. Mental.
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Remember all those people telling us "it weas the future" - "its a good thing"  - "it will happen right across the prem"  - "we will get lots of money out of it"

 

WRONG!

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SportsDirect.com Park. If anything could sound less classy than Sports Direct Arena... :lol:

 

Worth noting that they will have SD as shirt sponsors too.

 

Can anyone else not stop reading "Sportsdirect.com/park"? As in "Sports direct dot com forward slash park".

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