Mike Ashley's Sports Direct buys the House of Fraser for £90m

Discussion in 'UK politics, current affairs and news' started by editor, Aug 10, 2018.

  1. editor

    editor Taffus Maximus

    I'm glad the jobs are saved, but Mike Ashley is such a fucking wanker....

    House of Fraser bought by Mike Ashley's Sports Direct for £90m
  2. cupid_stunt

    cupid_stunt Dyslexic King Cnut the Great.

    Well, at least some jobs will be saved, I suspect some stores will still close, as was already planned.

    I just hope he doesn't mess the staff around.
    ElizabethofYork likes this.
  3. Teaboy

    Teaboy It definitely looks brighter over there..

    God knows how this will pan out and what he will do with it. Doesn't seem to have any thing in common with Sports Direct so is he going to run it as a standalone business or just asset strip it and keep the handful of decent locations for his 'sports' stores.
  4. Pickman's model

    Pickman's model Every man and every woman is a star

    and when all the things had flown out of pandora's box only hope was left somewhat bumped and flattened at the bottom.
  5. Pickman's model

    Pickman's model Every man and every woman is a star

    we all know the answer to that one.
    Badgers likes this.
  6. sealion

    sealion Well-Known Member

    It will be a first if he doesn't.
    moochedit, clicker and editor like this.
  7. Fez909

    Fez909 toilet expert

    Surely it's worth more than that? The property alone must be worth more than £90m.
  8. cupid_stunt

    cupid_stunt Dyslexic King Cnut the Great.

  9. Fez909

    Fez909 toilet expert

  10. cupid_stunt

    cupid_stunt Dyslexic King Cnut the Great.

    I am sure he got a bloody good deal, but I am not sure what, if any, property they actually own, rather than lease/rent.

    Landlords refusing to do a deal with HoF is part the reason they got into so much trouble.
  11. Smangus

    Smangus comatose at a desk

    So that's where Newcastle's transfer budget went then...
    krink, Dr. Furface and sealion like this.
  12. cupid_stunt

    cupid_stunt Dyslexic King Cnut the Great.

    That was my thoughts too, after the business, innovation and skills (BIS) select committee looked into Sports Direct.

    Here's Mike Ashley's Record on Rights
    a_chap and sealion like this.
  13. cupid_stunt

    cupid_stunt Dyslexic King Cnut the Great.

    And, yes, he seems to have got a bargain...

    Watch this space, he could well be looking to have Debenhams next...

    House of Ashley: Sports Direct confirms House of Fraser acquisition
  14. cupid_stunt

    cupid_stunt Dyslexic King Cnut the Great.

    Fans are not happy:

    Angry Newcastle fans react as Mike Ashley buys House of Fraser
  15. sealion

    sealion Well-Known Member

    Tbf it has fuck all to do with Newcastle fans. They got promotion and premiership football and they weren't complaining. Other clubs are chucking millions just to stay in the prem, while Newcastle spent very little for the same outcome.
    MightyTibb2 and cupid_stunt like this.
  16. souljacker

    souljacker A bit of skullduggery

    They could have bought Ronaldo for that
  17. weepiper

    weepiper Jock under the bed

    Store closures ahoy if there's a Debenhams/HofF merger. For example, Edinburgh's Princes Street has a large HofF at one end, Jenner's at the other which is now owned by HofF and carries all the same stock, and a big Debenhams in-between. There's no way all three of those will stay open.
  18. sunnysidedown

    sunnysidedown Well-Known Member

    We were in the prem before that cunt took us over, we have been relegated twice under His ownership. We’ve only ever been relegated 6 or 7 times in our entire fucking history.

    He has made millions out of NUFC and has systematically failed to put anything back in. Our training facilities have not had a lick of paint since he turned up. He’s made millions out of player sales but constantly undermines managers who want better for the club.

    Keegan hounded out. Chris Houghton sacked.

    Pardew the pathetic yes man given a fucking 8 year contract ffs.

    Rafa, the best manager we could hope to have has had the piss taken out of him by that cunt since he first took the job.
    Jay Park, duncanh64 and MightyTibb2 like this.
  19. weltweit

    weltweit Well-Known Member

    Whatever else he is Ashley at least is a successful retailer, something that HoF probably needs.
  20. Teaboy

    Teaboy It definitely looks brighter over there..

    But how Ashley has been successful bears no relation to how HoF operate?

    Well McDonalds shift lots of food, would you want them to start running fine dining restaurants?
  21. sealion

    sealion Well-Known Member

    Still in the prem when no club has a divine right to be, big crowds, all owners are at clubs to make millions.
    ffsear likes this.
  22. weltweit

    weltweit Well-Known Member

    You make a good point, but how HoF presently operate is not sustainable.
    Something has to change.

    I was interested that it went bust and then he bought it, (the same day) how does that work?

    Perhaps there is less need for fine dining than people think.

    I heard an interview on the radio earlier where a punter was asked if they shopped in HoF and they replied yes, how often they were asked, once every six months came the reply.
  23. Nine Bob Note

    Nine Bob Note Straight for Servalan


    Nope. £90m definately. Not a penny more.
  24. Fez909

    Fez909 toilet expert

    Is there anything this man can't make massive?

    I'm starting to like him :cool:
    Dogsauce and sealion like this.
  25. Teaboy

    Teaboy It definitely looks brighter over there..

    NUFC's end of season point tally?
    sealion, dessiato and Fez909 like this.
  26. cupid_stunt

    cupid_stunt Dyslexic King Cnut the Great.

    As with Debenhams, he had a share-holding, and has been circling for some time, waiting for the right moment to pick over the bones, like the vulture he is.
  27. sunnysidedown

    sunnysidedown Well-Known Member

    We’re still in the prem by the skin of our teeth (thanks to Rafa) otherwise we would be down once again due to Ashley’s cowboy gambling.

    The bloke isn’t just making a profit out of the football club, he is using it as a vehicle to finance his other purchases while sucking the fucking life out of NUFC.
  28. alcopop

    alcopop Well-Known Member

    They are leases, not freeholds
  29. sealion

    sealion Well-Known Member

    Thats how it is for most clubs in the prem. The glaziers do the same at united, Do you think Newcastle should be challenging for the title or a european place?
  30. sealion

    sealion Well-Known Member

    I think he's a horrible cunt but that's what buisness men do. Don't you want to buy things at the lowest possibe price?

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