What is Mike Ashley net worth?

Mike Ashley net worth 2021: Michael James Wallace Ashley  is a British billionaire retail entrepreneur focused in the sporting goods market, and the chief executive of Frasers Group Plc. He is also the owner of Newcastle United football club having bought it for £135 million in 2007. Mike Ashley net worth is $2.6 billion.

Early Life

Mike Ashley was born on 9 September 1964 in Walsall, Staffordshire, England. He was educated at Burnham Grammar School.

n 1988 aged 24, he married Linda Jerlmyr, a Swedish-born economics graduate, and the couple have three children. The couple quietly divorced in 2003, culminating in one of the biggest settlements in British legal history, with Ashley reportedly handing over the family home, multiple properties and assets with a total worth of £50m.

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Ashley is protective of his private life. He is known to prefer casual dress of shirt and chinos or a track suit rather than a suit, and often carries his essential business tool of a mobile phone in a plastic carrier bag rather than a briefcase.

Ownerships

After leaving school at 16, he was a county-level squash player. But after injury, he became a county-level squash coach. In 1982, Ashley opened his first sport and ski shop in Maidenhead followed by others in and around London, starting with a £10,000 loan from his family.

The chain expanded quickly funded by private money, and by the late 1990s had rebranded the chain as Sports Soccer and opened over 100 stores across the United Kingdom. 

At present Derbyshire based group Sports Direct International Plc, with headquarters in Shirebrook, has over 400 UK stores including the chains Sports World, Lillywhites and Gilesports.

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The group employs more than 20,000 people in the UK and at stores in Ireland, Belgium and Slovenia. In 2006, it overtook JJB Sports as the UK’s largest sportswear retailer.

In mid-2006, it was also revealed that Ashley had held talks with John Hargreaves, founder of Matalan on both taking a 25% stake in the retail business and installing mezzanine floors in larger Matalan stores, on which Sports World outlets could be operated.

Ashley has made his money by buying brands. The first major brand he bought was Donnay. In February 2003, Ashley bought the Dunlop Slazenger brand for £40 million, followed up by acquiring outdoor gear manufacturer Karrimor in March 2003, Kangol for £10 million, boxing brand Lonsdale, most of these brands were bought from distressed sellers. After considering a takeover, Ashley took a £9 million stake and signed a long-term deal with Umbro.

Ashley has a 29.4% stake in Blacks Leisure Group, the owner of Millets and Mambo, and is thought to hold stakes in JJB Sports and 19% of JD Sports. “He likes to park his tanks on peoples’ lawns”, said one banker.

In late November 2006, a number of business newspapers reported that Ashley was looking at an IPO of Sports World International. He hired Merrill Lynch, who initially valued the group at up to £2.5bn ahead of the flotation on the London Stock Exchange.

Newcastle United

On 23 May 2007, in a surprise move, Ashley bought Sir John Hall’s 41.6% stake in Newcastle United at one pound per share, for a total cost of £55,342,223 via his company St James Holdings Ltd. Under the terms of UK takeover law, having purchased more than 30% of a listed company, he was obliged to make an offer to buy the remaining shares at the same or a greater price.

 On 31 May, it was reported that the Newcastle board were considering Ashley’s offer. On 7 June, it was confirmed that chairman Freddy Shepherd had agreed to sell his 28% share to Ashley, which left Ashley free to take control of the club.

Ashley owns a 77.06% stake in Newcastle United, on course to withdraw the club from the stock exchange having surpassed the 75% threshold required. 100% acquisition was achieved in July with Ashley paying a total of around £134 million to buy the club.

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Ashley appeared to have saved the club from certain financial ruin by paying off large sums of debt inherited from the previous regime, although he was criticised for not doing due diligence when buying the club, as he subsequently revealed he had been unaware of issues such as the upfront payment of club finances such as the Northern Rock sponsorship, and the presence of outstanding liabilities for long past player transfers.

Mike Ashley Net Worth

Mike Ashley net worth is $2.6 billion.  Ashley’s Fraser Group purchased assets from the gym and fitness chain DW Sports, in a deal worth up to £44 million. The group initially bought 46 leisure clubs and 31 retail outlets from DW Sports Fitness for £37 million to merge with its own business.

What is Tom Werner net worth?

Tom Werner net worth 2021: Thomas Charles Werner is an American television producer and businessman. Through his investment in Fenway Sports Group, he is currently chairman of both Liverpool Football Club and the Boston Red Sox. Tom Werner net worth is $700 million.

Early life

Tom Werner was born on April 12, 1950 in in New York City, United Sates. He was educated at St. Bernard’s School in Manhattan, The Hotchkiss School in Lakeville, Connecticut, and graduated from Harvard University in 1971.

Television career

In 1973, Werner entered television by working for ABC-TV. In 1975, he became the Director of East Coast Prime Time Development. Werner was promoted to senior vice president of the prime-time development department in 1979. While at ABC, Werner was involved in the development of Mork & Mindy, Bosom Buddies, Soap, and Taxi.

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Werner left the network in 1980 and co-founded The Carsey-Werner Company with Marcy Carsey the same year. In this capacity he served as executive producer of such television programs as The Cosby Show, A Different World, Roseanne, 3rd Rock from the Sun and That 70s Show, and Grounded for Life. In 1996, Werner was inducted into the Television Hall of Fame.

In 2000, Werner, Carsey, and longtime partner Caryn Mandabach joined Oprah Winfrey to start Oxygen, a 24-hour cable channel which catered to the lifestyle and entertainment interests of the “millennial woman”. In 2007, NBC Universal purchased the network for $925 million, and in 2017 it was rebranded as a multiplatform site with a focus on true-crime programming for women.

Sports

Werner’s entry into sports team ownership came when he and 14 other Southern California-based investors purchased the San Diego Padres from McDonald’s heiress Joan Kroc for US $75 million on June 14, 1990.

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 As holder of the largest financial stake in the ballclub, he served as the team’s general managing partner. It was a difficult period economically in Major League Baseball, which was riven by the financial disparity between small- and large-market franchises and ultimately cancelled the 1994 World Series because of a work stoppage that carried into the following season.

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Werner was appointed to Major League Baseball’s Executive Council and was chairman of MLB’s television negotiating committee, where he was an early proponent of the wild-card format that was first implemented in 1995.

Werner’s term as majority owner ended when John Moores acquired an 80% interest for $80 million on December 22, 1994. Werner retained a 10% share in the franchise until he sold it to Moores before the start of the 2007 season.

Liverpool F.C

In 2010, the ownership group of Henry, Lucchino, and Werner bought Premier League team Liverpool F.C. from lawyers acting on behalf of the Royal Bank of Scotland, the lenders to former owners George N. Gillett, Jr. and Tom Hicks.

 On November 25, 2010, Liverpool F.C. announced that Werner would be installed as chairman, replacing Martin Broughton, beginning December 1, 2010.

Tom Werner Net Worth

Tom Werner net worth is $700 million. He build his fortunes through investments in media and sports.

As a television producer, Werner formed a partnering with producer Marcy Carsey to create Carsey-Werner. The company produced several shows including The Cosby Show, Roseanne, 3rd Rock From The Sun and That ’70s Show. Werner served as executive producer for the reboot of Roseanne and was the executive producer for The Conners.

Philanthropy

Werner is the founding Chairman of the Red Sox Foundation, the charitable arm of the Boston Red Sox. Since its creation in 2002, the Red Sox Foundation has donated to more than 1,780 organizations, helped 288 Boston public school students with college scholarships through the Red Sox Scholars program, and supported hundreds of youth baseball programs in New England.

He has been involved in donations to various causes including;

$113,250 to Democratic candidates and causes in 2020,

What is John Henry net worth?

John Henry net worth 2021: John William Henry II is an American businessman and investor and the founder of John W. Henry & Company, an investment management firm. He is the principal owner of Liverpool Football Club, the Boston Red Sox, The Boston Globe, and co-owner of Roush Fenway Racing. John Henry net worth is $2.8 billion.

Early life

John William Henry II was born on September 13, 1949 in Quincy, Illinois. His parents were soybean farmers, and he split his time growing up between Illinois and Arkansas.

After his graduation from Victor Valley High School in Victorville, he attended Victor Valley College, then the University of California at Riverside, Irvine, and Los Angeles, where he majored in philosophy but did not graduate.

Career

Henry started trading corn and soybean futures to learn the basics of hedging the price risk of holding an inventory of these commodities, whether in storage or out in the field.

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In 1976, a commodities broker at Reynolds Securities asked him to advise other farmers, but he declined. After spending a summer in Norway with his first wife, Mai, Henry developed a mechanical trend following method for managing a futures trading account. 

 He tested his trend-reversal method—which was never out of the market but always held a position in every one of the markets in the account’s “basket” of commodities—”using his own money” .

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When that test proved successful, he founded John W. Henry & Company in 1981, opened a small office across the street from the airport in Irvine, California, and began marketing his management to the largest commodity brokerage firms in America.

That proved so successful by 1983 that he moved to considerably larger quarters at Fashion Island in Newport Beach. In 1989, Henry moved to Westport, Connecticut. Two years later, Henry established a second office in Boca Raton.

Businesses

The firm’s management methods make mechanical, non-discretionary trading decisions in response to systematic determinations of reversals in each market’s direction, with the explicit intention of precluding not only human emotion, but also any subjective evaluation of factors outside of price behavior , to trigger each decision to be long or short each market, or not. On November 9, 2012, John W. Henry & Co., the financial trading firm owned by the Red Sox owner

Sports ownership

After acquiring his fortune, his first foray into professional sports was in purchasing a Minor League Baseball team, the Tucson Toros of the Pacific Coast League, in 1989. He was also one of the founders of the Senior Professional Baseball Association, a winter league in Florida composed of retired major league players.

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Henry co-owned the winning team in the 1989–90 season, the West Palm Beach Tropics, managed by former Boston Red Sox “Impossible Dream” (1967) manager, Dick Williams. Henry sold his interest in 1990, and the league went out of business the following year.

In 1990, Henry negotiated to purchase the Orlando MagicNBA team, for a short time was the lead general for an expansion team which became the Colorado Rockies, and headed a group attempting to land an NHL expansion bid in Florida, which would eventually be given to Phil and Tony Esposito, who created the Tampa Bay Lightning. Subsequently, Henry negotiated to buy the Miami Heat and later the New Jersey Nets.

Fenway Sports Group

Henry and Werner established New England Sports Ventures in 2001. The company owns the Boston Red Sox, 80% of the New England Sports Network, Fenway Park, Fenway Sports Management, a sports marketing and management firm, various real estate properties surrounding Fenway Park, and as of 2010, Liverpool Football Club.

John Henry net worth

Liverpool Football Club

In October 2010 the Fenway Sports Group took over Liverpool F.C. The UEFA Financial Fair Play Regulations may have been a factor in the decision. The previous owners, Tom Hicks and George N. Gillett, Jr., had become extremely unpopular among Liverpool fans for their failure to deliver on the promise of a new stadium or on the promise that no debt would be placed onto the club, as well as disrespectful treatment of its manager and front office and for their allegedly misleading statements about planned and past investment in players.

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Having lost around £154 million on the pressured sale of their debt-ridden club, Hicks and Gillett announced that they would sue co-owners and creditors for at least $1.6 billion for the “extraordinary swindle” they suffered. In January 2013, Hicks and Gillett had lost a Court of Appeal case and agreed to drop the suit.

John Henry Net Worth

John Henry net worth is $2.8 billion. He first became a billionaire in 2006. He is one of the richest football owners in the world. Joh n Henry is also one of the most successful businessmen in the world.

Awards and honors

• Four-time World Series champion (as principal owner of the Boston Red Sox)
• 2012 EFL Cup champion (as principal owner of Liverpool F.C.)
• 2019 UEFA Champions League winner (as principal owner of Liverpool F.C.)
• 2019 UEFA Super Cup winner (as principal owner of Liverpool F.C.)
• 2019 FIFA Club World Cup winner (as principal owner of Liverpool F.C.)
• 2019-20 Premier League winner (as principal owner of Liverpool F.C.)

NASCAR

Henry’s Fenway Sports Group bought a 50% stake in Jack Roush’s Roush Fenway Racing stock car racing team in 2007.

In February 2009 the team won their first Daytona 500 with Matt Kenseth. Henry is currently listed as the owner of the #17 Ford driven by NASCAR Cup Series driver Chris Buescher.

n September 2004 Henry and David Kaemmer founded iRacing.com Motorsport Simulations for developing a racing simulation service aimed at both real-world racers and racing simulator enthusiasts. The service was launched in August 2008.

Summary of John Henry Net Worth

John Henry owns the following companies

Boston Red Sox

Fenway Sports Group

NASCAR

iRacing.com Motorsport Simulations