Lee Irving was beaten for days, drugged and dumped by the side of a footpath in June last year
Ashley Sells Sports Direct Shares For £110m
Newcastle United owner Mike Ashley today pocketed more than £110 million after a shares sale reduced his stake in retail chain Sports Direct.
The tycoon, who is involved in a boardroom battle over troubled Scottish football club Rangers, secured the windfall by offloading 2.5% of the company's shares, leaving him with a 55% stake worth £2.4 billion.
Mr Ashley, who is deputy executive chairman, has not received a salary or bonus since he netted £929 million in the company's flotation in 2007.
He also sold shares worth £204 million in April, when the company's share price was trading at a record high of more than 900p. Today's sale price of 720p a share compared with last night's close of 760.5p.
The disposal of shares comes amid speculation that Mr Ashley has offered a loan of about £10 million to Rangers, although the Scottish Football Association has rejected his request to increase his stake above 10%.
Sports Direct operates more than 400 stores in the UK and has seen a rapid rise to become a FTSE 100 company since being founded by Mr Ashley in Maidenhead in 1982.
Last year, Mr Ashley gave up his right to a potential multi-million pound windfall after an incentive scheme came under fire from investor lobby groups as well as the Institute Of Directors.
He has agreed not to sell any further shares in Sports Direct for a period of 170 days.
A team of trained officers will investigate allegations of child abuse at Newcastle United, relating to the 1980s and 1990s
A Gateshead mum, who lost her son in a crash caused by a driver on drink and drugs, is warning others not to drink or drug drive
Police were called to an alley near Poplar Street this morning where a man was found seriously injured
Most Viewed Pictures On Heart
Recently Played Tracks
To listen live, choose your preferred location:
Deposit £10 to get a £40 Welcome Bonus - That's £50 to play bingo, slots and more!*
Over 50 tracks to make you feel-good. New album out now...
Find your local four day weather report here.
Make Heart the soundtrack to your day and you could be a winner with great prizes up for grabs throughout the day.