Beyond control: Mike Ashley’s brush with the US PP market

Andrew Hollingworth, a portfolio manager at Holland Advisors and shareholder in Sports Direct, has urged Mike Ashley, the sports retailer’s owner, to pay more attention to corporate governance. But had Hollingworth known about the US private placement market’s experience of dealing with Ashley — in this case over debt owed by one of his other businesses, Newcastle United FC — he might have campaigned for it even more strongly.

  • By Silas Brown
  • 30 Jul 2019

Hollingworth writes that "to be a [Sports Direct] shareholder in 2019 is to be someone who is backing Mike Ashley and taking the longer-term view." 

One encounter that might have proved illustrative to Sports Direct shareholders was Ashley's dealings with institutional investors in the US private placement market more ...

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