Mike Ashley, the billionaire founder of Sports Direct and former Newcastle United owner, paid £175.6 million in tax last year, ranking ninth on the Sunday Times Tax List. His net worth stands at £3.12 billion, and his retail conglomerate has paid over £1 billion in corporation tax since 2007. Ashley sold Newcastle to current ownership for approximately £300 million in 2021. He is now reportedly in talks with Sheffield Wednesday's administrators regarding a potential takeover, following the club's recent relegation to League One and financial difficulties. The James Bord-led consortium's withdrawal from a £47.8 million takeover bid has created an opportunity for Ashley's involvement.
"Ashley's net worth sits at £3.12billion, as per last year's The Sunday Times Rich List. His retail conglomerate calculates that it has paid more than £1bn of corporation tax since 2007, but his HMRC bill has fallen over the past year. He's still had to pay a pretty penny, though. Ashley ranks ninth in the recently released Sunday Times Tax List, having paid £175.6m last year."
"Ashley - who sold Newcastle to their current ownership for reported fee of £300m in 2021 - could be set for a return to football amid reports linking him to Sheffield Wednesday. It was earlier this week that it was reported Ashley's representative was set to hold talks with Wednesday's administrators regarding a possible takeover."
Read at Daily Mirror
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