Accounts for Mike Ashley’s investment vehicle, Mash Holdings, give an insight into the jet-setting lifestyle of the retail tycoon.
Ashley was charged £1.3m for the use of the group’s jet and helicopter at “commercial rates” in the year to April last year, down from a £2m bill a year earlier. He was also charged £600,000 to use the group’s properties in London and Miami, up from £500,000 in 2020.
Profit before tax fell to £99.7m from £199.6m after revenue dropped by about 8% to £3.8bn. Revenue fell by 8.4% at Frasers, which is listed on the London Stock Exchange and was called Sports Direct, and rose by 1.6% at Newcastle United FC. The Premier League football club was sold to a Saudi Arabia-led investment group including the Reuben brothers for £305m in October.
