Skip to content
Tuesday 18 August 2026London --:--Frankfurt --:--Zurich --:--
NewslettersSearchEN · DE · FR
MorningWire

European business, markets and politics

FTSE 100
10,720.30
-0.28%
DAX
26,338.61
0.00%
CAC 40
8,579.60
0.00%
STOXX 50
6,530.45
-0.14%
  • Europe
  • Markets
  • Business
  • Economy
  • Regulation
  • Politics
  • Opinion
More
GermanyFranceEU InstitutionsCompetitionPublic AffairsBankingTechnologyEnergy
  • Germany
  • France
  • Europe
  • Markets
  • Business
  • Economy
  • Regulation
  • Politics
  • Opinion
  • DE
Monday 07 October 2019 12:45 am  |  Updated:  Monday 07 October 2019 12:02 am

Corbyn kicks up fresh row with Ashley

By: Sebastian McCarthy

Add as a preferred source on Google

A new footballing rivalry was formed over the weekend after Jeremy Corbyn took aim at retail tycoon Mike Ashley for his running of Newcastle United.

The Labour leader has taken his war on corporate bosses to the football pitch after branding the high street billionaire “a bad owner” and accusing him of self-interest.

“[Clubs] are too important to be left in the hands of bad owners like Mike Ashley who put their business interests ahead of everything else, marginalise supporters and even put the financial security of clubs at risk,” Corbyn said as he joined a protest with Newcastle United football club fans.

One source close to Ashley hit back at Corbyn by describing his comments as “cheap politics”, adding that the Labour leader “should be focused on other owners who don’t pay their tax.”

“At the end of the day, it is interesting Corbyn has chosen Newcastle as that is where his votes are falling through the floor,” they told Morning Wire
The fresh war of words comes in the wake of Corbyn’s plans to radically shake up the Premier League rulebook if he moves into Downing Street.

The Labour party has pledged to allow football supporters’ trusts to buy shares when clubs change hands, giving them the power to appoint and fire at least two members of a club’s board of directors.

Ashley has become a divisive figure in Newcastle, bearing the brunt of criticism for the team’s recent lack of success, with many fans blaming the retail magnate for a lack of investment in the club.

The Sports Direct owner, who has been spending the last year snapping up prominent retail chains on the high street, has attempted to sell off Newcastle United a number of times in the last decade, most recently this summer for a reported £350m.

This weekend Corbyn also vowed to launch a review into fan participation in sports governance at all levels, which is understood to
include tests for who can be a director and greater financial transparency.

Other proposals which have been unveiled by Corbyn were a demand that the Premier League invests five per cent of its income from television rights into grassroots football and the banning of zero-hour staff contracts.

Image credit: Getty

Read more

Mike Ashley’s Frasers muscles in on Harvey Nichols sale

Harvey Nichols storefront featuring elegant window displays and seasonal decorations in a bustling city setting

Share this article

  • Facebook
  • X
  • LinkedIn
  • WhatsApp
  • Email

Similarly tagged content:

Sections

  • News

Categories

  • Politics
  • Retail

Trending Articles

  • As it happened: FTSE 100 drops as oil prices rise after Trump makes Hormuz threat

  • US bond market jitters spark UK economy recession warning

  • Aldi boss wades into supermarket ‘price-gouging’ row

  • Monzo chair makes early exit after boardroom rift

  • New Premier League rules could see £11bn invested into new stadiums

More from Morning Wire

  • Mike Ashley’s Frasers muscles in on Harvey Nichols sale

    Retail
    Harvey Nichols storefront featuring elegant window displays and seasonal decorations in a bustling city setting
  • Hugo Boss urges investors to reject £1.7bn bid from Mike Ashley’s Frasers

    Retail
    Mike Ashley in a business suit at a corporate event, discussing strategic plans, surrounded by executives and media personnel
  • Harvey Nichols will collapse without rescue deal, directors warn

    Retail
    Exterior view of the Harvey Nichols luxury department store building facade with prominent black lettering and ornate arch...
  • Mike Ashley’s Frasers snaps up Harvey Nichols 

    Retail
    Exterior view of the Harvey Nichols department store building facade with detailed windows and architectural columns
  • Mike Ashley’s Frasers ups stake in Hugo Boss as takeover pressure mounts

    Retail
    Mike Ashley in a business suit at a corporate event, discussing strategic plans, surrounded by executives and media personnel
  • New Premier League rules could see £11bn invested into new stadiums

    Sport Business
    Architectural rendering of a vibrant, modern urban development surrounding a large football stadium
  • Leeds United investor buys majority stake in Spanish football club

    Sport Business
    Happy male soccer player with beard and long hair in white uniform raising arms, smiling
  • Mike Ashley’s Frasers feels lift from takeover spree

    Retail
    Mike Ashley, founder of Frasers Group Plc. Photographer: Chris J. Ratcliffe/Bloomberg via Getty Images
MorningWire

Independent European business, markets and political news for decision-makers.

Morning Briefing

Europe

  • Germany
  • France
  • EU Institutions
  • Europe

Business

  • Markets
  • Business
  • Economy
  • Regulation
  • Competition
  • Public Affairs

Editorial

  • Opinion
  • Editorial Policy
  • Corrections
  • Contact

Company

  • About Morning Wire
  • Privacy Policy
  • Terms of Use
  • Cookie Policy
© 2026 Morning Wire Ltd · Published by Morning Wire Media, Bahnhofstrasse 65, 8001 Zürich, Switzerland
Privacy · Terms · Cookies · Facebook