Sports World Float to Net Tycoon Pounds 900m

Evening Standard - London › February 14, 2007

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Summary

SECRETIVE sportswear tycoon Mike Ashley was today in line for a windfall of almost Pounds 900 million after confirming the flotation of his Pounds 2 billion empire on the London Stock Exchange.

Ashley, 42, pressed the button on the Sports World float as he looked to turn the business into the "most profitable sports retailer in the world".

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Sports World Float to Net Tycoon Pounds 900m

He will sell about 40% of his shareholding in the initial public offering, which is expected to value the company at between Pou...

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