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Mike Ashley's holding company posts huge loss despite increasing revenue

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Getty Images | Mike Ashley owns MASH which is the holding company of both the sports retailer Sports Direct and Newcastle.

Mike Ashley's holding company for Newcastle, MASH Holdings Limited, turned a £51.9 million profit in 2017 into an eight-figure loss in 2018, financial results just released for the period reveal.

Meanwhile, MASH's revenue, strengthened by the combined turnover of sports retailer Sports Direct and Newcastle, increased by 5.2 per cent.

31 October 2019 - 11:03 AM

By Emil Gjerding Nielson

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