Who is Mike Ashley? Mike Ashley net worth and potential Newcastle United sale

Premier League club Newcastle United are on verge of having a new owner after reports suggesting that  Public Investment Fund (PIF) of Saudi Arabia submitted a £340 million ($421 million) for Magpies. If sold, it would put an end to current owner Mike Ashley's numerous failed attempts to sell club. As Newcastle United takeover talks continue, let's take a look at 'Who is Mike Ashley?' and Mike Ashley net worth figure.

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Who is Mike Ashley? Mike Ashley net worth

Mike Ashley is a British billionaire retail entrepreneur and owner of Premier League club Newcastle United. Currently, Mike Ashley net worth figure stands at a whopping $2.5 billion. Ashley is  founder and CEO of Sports Direct, which is UK's largest sporting goods retailer according to Forbes.com. Sports Direct CEO became Newcastle United's owner in 2007, paying around £135 million ($167.1 million) to buy club.

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Who is Mike Ashley? Mike Ashley net worth and Rangers ownership

Mike Ashely also held shares in Scottish club Rangers. Ashley owned an 8.92% stake in Rangers International Football Club (RIFC), parent company of Scottish football club Rangers.  Newcastle United owner's request to raise his shareholding in RIFC to 29.9%, due to him already owning a large amount of Newcastle United shares, which was seen as a conflict of interest. After a rift with Rangers fanbase, Ashley sold his entire Rangers shareholding to Club 1872 and Julian Wolhardt in 2017. 

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Who is Mike Ashley? Assets and or investments

Besides Sports Direct, Mike Ashley also owns a take in multiple companies. According to Forbes, he has acquired dozens of businesses, including boxing glove maker Everlast, Wimbledon supplier Lillywhites and department store House of Fraser. Ashley pocketed a massive $1.8 billion after Sports Direct went public in 2007, same he acquired shares of Newcastle United. Sports Direct CEO leads a luxurious life and is kwn to travel to work by helicopter. 

Who is Mike Ashley? Mike Ashley net worth and Newcastle United takeover

Mike Ashley has enjoyed an uneasy relationship with Newcastle United fans since buying club in 2007. Ashley tried to sell Newcastle United twice and failed to do so, but he might get 'third-time lucky' with talks of Public Investment Fund mooted to buy club. Newcastle takeover is considered to be 'very close' according to reports, with PIF having launched a £340 million ($421 million) bid according to Telegraph. 

Disclaimer: above Mike Ashley net worth information is sourced from various websites and media reports. website does t guarantee a 100% accuracy of figures.

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