Thursday 24 March 2016

That "own goal" gaffe

Much of the mainstream business press dubbed Mike Ashley's comments to The Times earlier this week as an "own goal" by the maverick entrepreneur and owner of Newcastle United (I'm pretty sure I saw at least two headlines containing "own goal").

That's because Sports Direct's shares tanked about 10pc (they are down another 3pc today) after Ashley spilled the beans to the intrepid hackette at The Times about a potential profit warning.

However, today the Lombard column in the Financial Times argued Mike Ashley is likely/or should take Sports Direct private. Here is a link to the venerable newspaper's comment piece:

http://www.ft.com/cms/s/0/71f5923c-f0d8-11e5-9f20-c3a047354386.html#axzz43jagG0xP

So, not that much of an "own goal" then...

6 comments:

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