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. Fez909

    Fez909 toilet expert

    Of course they think that...Geordies are deluded.

    Less deluded than before, due to a couple of relegations, but it's in their DNA.
     
  2. MickiQ

    MickiQ Well-Known Member

    While I suspect that the HoF staff may find they have traded the deep blue sea for the devil (Mike Ashley isn't a name that comes to mind when you think of enlightened employers) WTF has it do with NUFC fans?
    Do they seriously think that spending millions on hiring someone to play football for £100K a week is morally more sound that buying a failing business?
     
  3. agricola

    agricola a genuine importer of owls

    They were threatening to abandon the club if Benitez left, so yes.
     
  4. sealion

    sealion Splish splash splosh

    As are most of the sky tv generation football fans.
     
    Fez909 likes this.
  5. cupid_stunt

    cupid_stunt Dyslexic cnut, & all round knob-head.

    Not all businesses are run the way that cunt runs his.

    I can't understand why there was such a rush to do this deal this morning, when there was others potentially interested.

    I bet the staff would have been happier with Day's proposal.
     
  6. SpookyFrank

    SpookyFrank Ridin' a Stutz Bearcat, Jim

    He's an asset-stripper, whose fortune is built on the principle of buying up decent brands then putting their names onto shit products, all while treating staff like shit. I'm sure House of Fraser's fate will be no different.

    Anyone remember him being penalised for breaking minimum wage law and health and safety regs, using tame agencies to avoid sick pay and holiday pay, and then attempting to bug the MPs sent to investigate all the above? Because I don't.
     
    NoXion, emanymton, Sue and 1 other person like this.
  7. sunnysidedown

    sunnysidedown Well-Known Member

    What’s deluded about wanting a decent cup run and a team that puts in 100%? That’s what most, afaik, NUFC fans want.
     
  8. not-bono-ever

    not-bono-ever Space/time supply indicators near to zero

    they wont though
     
    krink and sealion like this.
  9. sealion

    sealion Splish splash splosh

    Sky news has learnt- sources :hmm:
     
  10. agricola

    agricola a genuine importer of owls

    I don't know - they were pretty het up about it, and Chester did a similar thing a while back (and they both played in stripes and hadn't won anything for ages at that point either).
     
  11. SpookyFrank

    SpookyFrank Ridin' a Stutz Bearcat, Jim

    Isn't there a dedicated football forum around here somewhere?
     
    NoXion and farmerbarleymow like this.
  12. sealion

    sealion Splish splash splosh

    I listen to a lot of football phone ins, in the main i don't hear Newcastle fans calling for a cup run, but i do hear a lot of calls for champions league football.
    My team is shit, costs next to nothing, but puts in 100%, that has nothing to do with the owners. Last season you beat Arsenal, Man utd and thumped Chelsea, the team must have something about them.
     
  13. not-bono-ever

    not-bono-ever Space/time supply indicators near to zero

    sack the board stuff has been going on since the 70s, through the mckeags, shepherd and ashley- they still turn up with only minimal impact on crowd size. ho hum
     
    sealion likes this.
  14. SpookyFrank

    SpookyFrank Ridin' a Stutz Bearcat, Jim

    So Ashley won't be paying a brass penny towards the staff pension fund, which I assume is heavily in arrears because they always are aren't they?

    The way these accountants handle situations like this always strikes me as an interesting mix of outright theft and just making shit up as they go along.
     
    NoXion, maomao and farmerbarleymow like this.
  15. BigTom

    BigTom Well-Known Member

    Yeah, but Accenture do the accounting for Edinburgh Wool. EY do the accounts for Sports Direct. How do you expect EY to keep their accountancy and consultancy contracts with Sports Direct if they don't hand Mike Ashley other things?
    (nb: I don't actually have any idea what other things EY do for Mike Ashley, or want to do, but this kind of corruption is rife with the big 4 accountancy firms. One part of the firm does favours to someone to get other bits of business for other parts of their firm.)
     
    SpookyFrank, cupid_stunt and sealion like this.
  16. SpookyFrank

    SpookyFrank Ridin' a Stutz Bearcat, Jim

    Talk of HOF staff being 'transferred' to sports direct. Presumably they'll not be given a choice in the matter.

    Remember when the narrative was that you as a worker choose an employer you like the look of and apply to them for a job? I mean it was always horseshit but there was at least the germ of an idea that people had a right to be picky about who they sell their lives to. That narrative seems to have gone completely. The staff are just more shopfittings to be packed up and shipped off elsewhere, in this case to a chain that's notorious for mistreating workers. All this is happening while they're processing the news that their pensions aren't there any more because their new boss couldn't be arsed to pay for them.

    Is anyone even still pretending that this late capitalism bullshit works for ordinary people?
     
  17. Lord Camomile

    Lord Camomile Lemonade socialist

    Yes, they were. Many Newcastle fans have been wanting rid of Ashley for years.

    The big crowds has nothing to do with Ashley. No club has a divine right to be in the top division, but as has been noted, Ashley took them down twice. They're supposed to be thankful for that?

    Nope. I want humanity.

    You seem to be suggesting, "ah, well, nothing you can do but just accept that rich cunts will use the thing you love for their own devices, and if you're lucky you might get a few moments of tainted joy out of it in the meantime". I think people should have more ambition, and it's not delusional or ridiculous to ask for more from people.
     
    campanula and editor like this.
  18. SpookyFrank

    SpookyFrank Ridin' a Stutz Bearcat, Jim

    I don't want any of the tawdry shit Ashley sells at any price tbh.

    More seriously, poor quality stuff, especially clothes, is often a false economy. Something that costs twice as much might last three times as long. Of course that's meaningless if all you can afford is the cheap stuff, but making low quality stuff and selling it at artificially low prices kept that way by merciless treatment of workers (and it's a fair bet the factories where Ashley's stuff gets made are worse than the notorious Shirebrook warehouse) is bad for everyone, bad for the economy and just a bad use of resources.
     
    Last edited: Aug 10, 2018
  19. Smangus

    Smangus comatose at a desk

    Lets see what happens with the pension funds. Bet they get shat on .
     
  20. SpookyFrank

    SpookyFrank Ridin' a Stutz Bearcat, Jim

    Looks like they already have tbh. A deal that would have kept the company and the pension fund solvent was rejected in favour of a deal with Ashley. Ashley now has no liability for the pension deficit because...accounting voodoo.
     
  21. eatmorecheese

    eatmorecheese massaged in hot chocolate

    Fez909 likes this.
  22. maomao

    maomao 四月她爹

    Having worked for two companies in administration I'm convinced that administrators are actually evil. Both times jobs could have been saved and both times the biggest player involved got to trash the business for what turned out to not be the biggest bid.
     
    NoXion and SpookyFrank like this.
  23. SpookyFrank

    SpookyFrank Ridin' a Stutz Bearcat, Jim

    Is there anything in the way of oversight/regulation? Because it doesn't seem like it. Seems more like the kind of blatant corruption you get from people who know full well nobody cares what they do.
     
  24. maomao

    maomao 四月她爹

    The nearest they came to meaningful oversight and regulation is when I nearly pushed one of the cunts down a flight of stairs for making a colleague of mine cry. Unfortunately I thought better of it.
     
  25. KPMG or whoever seem to swan in and make sure there’s just enough to wring out of the company to pay their fees and then they’re done.

    Some bloke in our local rag today, barman at Cau, three weeks pay he was owed when they closed down, he got a cheque for 1p. The cunts.
     
  26. SpookyFrank

    SpookyFrank Ridin' a Stutz Bearcat, Jim

    I suspect the big four have two many fingers in too many pies for them ever to be brought to heel.
     
  27. quiet guy

    quiet guy Bimbling along

    Yes those damned efficient Chinese Walls in the accountancy firms really work well...
     
    SpookyFrank and BigTom like this.
  28. BigTom

    BigTom Well-Known Member

    Also the gravy train of jobs for politicians/civil servants when they leave government.
     
    Badgers likes this.
  29. sealion

    sealion Splish splash splosh

    Before him it was someone else they wanted rid of.
    They came back up twice and are still not happy.
     
  30. weepiper

    weepiper Jock under the bed

     
    Chilli.s likes this.

Share This Page

  1. This site uses cookies to help personalise content, tailor your experience and to keep you logged in if you register.
    By continuing to use this site, you are consenting to our use of cookies.
    Dismiss Notice