"Ashley's net worth stands at £3.12billion, according to last year's Sunday Times Rich List. His retail empire calculates that it has contributed more than £1bn in corporation tax since 2007, though his HMRC liability has decreased over the past year. He's still been required to pay a considerable sum, however. Ashley features ninth in the recently published Sunday Times Tax List, having paid £175.6m last year."
"Ashley - who sold Newcastle to their present ownership for a reported fee of £300m in 2021 - could be poised for a return to football amid speculation linking him to Sheffield Wednesday. The disclosure of his enormous tax payment was published a month ago and the struggling Championship club have already been relegated from the second tier of English football since then."
"Earlier this week, reports emerged that Ashley's representative was scheduled to conduct discussions with Wednesday's administrators concerning a potential acquisition. Following the James Bord-led consortium's withdrawal from a £47.8million purchase of the Yorkshire outfit, a chance for Ashley to conclude his five-year absence from club ownership could materialise."
Mike Ashley, a billionaire entrepreneur with a net worth of £3.12 billion, paid £175.6 million in tax last year, placing him ninth on the UK's tax list. Ashley built his wealth through Sports Direct before acquiring Newcastle United in 2007 and selling it in 2021 for approximately £300 million. His retail empire has contributed over £1 billion in corporation tax since 2007. Ashley is now reportedly considering acquiring Sheffield Wednesday, a struggling Championship club recently relegated to League One due to financial difficulties. This potential takeover would mark his return to football ownership after a five-year absence, following the withdrawal of another consortium's acquisition attempt.
Read at Express.co.uk
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