The group is now worth around 3bn and operates almost 1,000 shops. If he can successfully more than double Frasers Group's share price to 1500p by October 2025, Murray will be eligible for a bonus payout worth 100m, the company said in an announcement. The BBC is not responsible for the content of external sites. Once during live television, Mike was shown on drinking beer. Bond, Charlotte said, wanted her for who she was and not for the spotlight on her family. Mike is one of the biggest and famous tycoons in the retail entrepreneur. After getting a divorce from Mike, her mother got married to businessman Simon Brodin and also has one son with him. Mike Ashley, the Sports Direct founder and Newcastle United owner is stepping down as boss of the Fraser Group next year - handing over power to his 31 year old future son in law.. Sports Direct founder Mike Ashley is to step down from leading his retail empire and hand the reins to his future son-in-law. The business announced three new Flannels department store openings last year in Sheffield, Leicester and Liverpool. His age is 31 years old as of 2020. Mr Murray, engaged to be married to Mr Ashley's daughter Anna, is currently "head of elevation" at Frasers and is in charge of modernising stores and transforming the business. They offered up some advice for other couples who . Sports Direct tycoon Mike Ashley has pledged financial support for his daughter's cosmetics company following its fifth consecutive year of losses. He looks after the back end - systems, logistics - I look after customer-facing side and the image of the business," he said. The board of Frasers Group, which owns Sports Direct and House of Fraser, said it had also recommended a 1m a year salary for Mr Murray which is to be discussed by the board at the AGM in September. His eldest, Anna, is a property developer who also sits on the board of her dad's company Frasers Group - parent of Sports Direct, House of Fraser, Flannels, and other retail brands. Murray was joined by groomsmen and a large number of wedding guests as he made his way through the grounds of the venue on foot, Guests walked with Murray through the grounds of Blenheim Palace on Saturday, while the majority were taken to the ceremony in classic vehicles, The men, most of whom wore sunglasses, walked through the grounds of the palace and took in the sights in the sun before the wedding later in the afternoon, Guests dressed for the occasion as the sun beat down on the grounds of the historic 18th century palace in Oxfordshire on Saturday, Smiling guests look ahead at the palace, which was decorated with a huge floral display at the grand entrance, as they make their way to the wedding, A number of Rolls Royce were also used to transport guests to the venue on Saturday, with chauffeurs smartly dressed in sunglasses and hats, Tight security was on hand around the grounds of the palace as guests made their way to the ceremony over the late morning of Saturday, A more modern, blacked out vehicle makes its way through the grounds of Blenheim Palace on Saturday ahead of the ceremony, More guests are taken to the venue in a1932 Rolls Royce cabriolet 20/25 by Thrupp & Maberly one of only five that were ever made, Guests were taken to the venue by a number of chauffeurs throughout the morning before the ceremony is believed to have taken place in the late afternoon, Another classic Rolls Royce used to transport guests to the wedding of Mike Murray and Anna Ashley on Saturday, Ashley hired out the entire palace for the wedding, with the ceremony believed to have taken place between 3pm and 4pm on Saturday, The classic vehicles all parked at the same spot while the ceremony took place behind closed doors inside the historic Blenheim Palace. . "Five years ago, it was a sleepy business, so I developed a strategy, Mike signed it off and we started rolling it out. Mike Ashley is a British billionaire and retail entrepreneur in the sporting goods market. Initially, he started out helping Ashley with some personal property deals before being hired by Frasers to oversee real estate activities. A source tells PEOPLE that Ivanka Trump, President Donald Trumps daughter and senior aide, attended the wedding along with her husband, Jared Kushner, also a White House adviser. Create a free profile to get unlimited access to exclusive videos, sweepstakes, and more! And I think thats something Henry and I bonded over, that we both wanted to take risks.. Subscribe now to get 3 issues of Tatler for just 1, plus free home delivery and free instant access to the digital editions, The former nightclub promoter could land a 100 million bonus when he steps up as chief executive in May next year, The Duke and Duchess of Sussex step out for Hollywood date night at exclusive private members club as Harry announces major live event, Queen Margrethe II of Denmark, 82, is discharged from hospital and announces Crown Prince Frederik will continue as regent during lengthy rehabilitation, The Princess of Wales wears delicate brooch with touching connection to the late Queen. Mr Murray has won plaudits for how he's transformed a number of stores, including the new flagship Sports Direct store in London's Oxford Street. He has rapidly grown his retail operation in recent years, snapping up a number of distressed British brands including Evans Cycles, Jack Wills and Game. Feb. 10 2020, Updated 3:42 p.m. As the Millennium crept in, the retail tycoon had a portfolio of around 100 shops, which as we know went on to become a retail empire. Obviously, these stepsisters-to-be have a mutual level of trust. When asked about his absence, Murray said his prospective father-in-law didnt want to have his handwriting on the future direction of the firm. The classic vehicles lined up as they transport guests through the grounds of the palace to the venue of the multi-million pound wedding, The grand entrance to the huge palace was decorated with a large floral display, with a tight security operation also in place throughout, Wedding guests walk through the grand entrance to the venue, with an ice cream stand and security dressed in fluorescent jackets on site, Guests were also transported in aLate 1950 Bedford OB Duple Vista 29-seater coach from the same Hampshire classic vehicles firm, Most guests were pictured wearing sunglasses on their way to the venue as Blenheim Palace bathed in sunshine throughout Saturday. Focusing on her hobbies she loves to do photography. Video1894 shipwreck confirms tale of treacherous lifeboat, How 10% of Nigerian registered voters delivered victory, Sake brewers toast big rise in global sales, The Indian-American CEO who wants to be US president, Blackpink lead top stars back on the road in Asia, Exploring the rigging claims in Nigeria's elections, 'Wales is in England' gaffe sparks TikToker's trip. He first entered the fitness industry as a squash coach before opening his first high street sports shop in Maidenhead, Berkshire, in 1982. He said: 'Mike has empowered me to change the way the group thinks and operates throughout the Elevation Strategy. The board consider it appropriate that Michael leads us forward on this increasingly successful elevation journey.. Murray was then promoted to 'head of elevation' and tasked with modernising the group, revamping its Sports Direct stores and expanding its more upmarket Flannels business. Mike Ashley (left) and ex-wife Linda pictured travelling to the wedding in a classic Rolls Royce one of a number of classic vehicles used to transport guests to the venue, Michael Murray (pictured wearing sunglasses, centre) walks towards Blenheim Palace surrounded by wedding guests ahead of the ceremony, A chauffeur drives Ashley and ex-wife Linda through the grounds of Blenheim Palace ahead of their daughters wedding on Saturday, A huge floral display surrounded the grand entrance to the palace, with the entire wedding thought to have cost more than 3million, Michael Murray, now chief executive of the Frasers Group founded by his father-in-law Mike Ashley, went for a morning workout with a number of friends on the day of the wedding, Guests were transported from hotels in nearby Woodstock to the venue in a number of classic cars ahead of the later afternoon ceremony, Two guests are driven through the grounds of Blenheim Palace ahead of the wedding ceremony in a red and white1965 Alvis TE21 Coup, The couple (pictured together) reportedly met on vacation in Majorca back in 2011. Congratulations are in order for Jacqueline Laurita's daughter. Link your TV provider to stream full episodes and live TV. Ashley is not married but is in a long-term relationship with his boyfriend, Mike Counihan. He first became involved in Ashleys business ventures after meeting the billionaires daughter, Anna, on holiday in Majorca 2011. Contact us: Newsunzip@gmail.com, Who is Anna Ashley? He is in line for a 100m bonus if he more than doubles Frasers share price to 15 by 2025. Murray was then promoted to head of elevation and tasked with modernising the group, revamping its Sports Direct stores and expanding its more upmarket Flannels business. Mon 2 May 2022 01.00 EDT. Michael isn't on the payroll but has taken home more than 15million in fees in the last four years. The billionaire boss of Sports Direct, Mike Ashley, is to step down as chief executive, according to reports. Murray also last year announced the opening of a 55,000sq ft Flannels flagship store in Sheffield Meadowhall. No doubt inspired by his father, a property developer who is Doncasters biggest landlord, he also invested in two bars while still a student. His daughter's fiance is preparing to step into his shoes and become chief executive. That already resulted in him bagging fees of more than 15m - and he is understood to have been lined up for even bigger sums following his promotion. Son of a property baron from Doncaster, Murray was an ex-nightclub promoter before moving on . To see all content on The Sun, please use the Site Map. By Simon Hunt. He [Michael] started conspiring a little with his wife, talking about how Henry really reminded them of me, Charlotte said in December. "The board consider it appropriate that Michael leads us forward on this increasingly successful elevation journey.". Linda belongs to a Sweden background and Annas father belongs to British background, accordingly, Annas ethnic background is multiracial. Through the early 1990s, he expanded to a chain of stores rebranded as Sports Soccer, and had a portfolio of about 100 shops by the turn of the millennium. This service is provided on News Group Newspapers' Limited's Standard Terms and Conditions in accordance with our Privacy & Cookie Policy. One of his main projects was the development of Flannels, which is among Mr Ashley's retail empire. Mike Ashley's Frasers Group owns Sports Direct, House of Fraser, and several other retail brands, 1894 shipwreck confirms tale of treacherous lifeboat. Widely seen asAshleys right hand man, he took over his role as chief executive officer of the group the earlier this month after his father-in-law announced he would be stepping down last year. Pre-tax profits also dived by 94.1% to 8.5m for the year to 25 April, compared with 143.5m in the previous year. 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