Sports Direct group's new boss could pocket £100m bonus - NewsBreak

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By Suzana in Business
Updated 3 years ago

Frasers Group, the company that owns Sports Direct, has offered its incoming chief executive a £100m windfall if he manages to double the firm's share price, the company has revealed.The "challenging but achievable" target, which would see 31-year-old Michael Murray double the firm's shares to £15 for 30 consecutive trading days before 7 October 2025, would land the current head of elevation £100m in shares on top of an annual salary of £1m.Mr Murray is engaged to the daughter of billionaire Sports Direct founder Mike Ashley and will replace him as current Frasers chief executive in May.Mr Ashley founded the...

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