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Frasers Group plc (FRAS.L)

LSE - LSE Delayed price. Currency in GBp
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651.10-5.40 (-0.82%)
As of 8:58AM BST. Market open.
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  • PA Media: Money

    New boss of Sports Direct owner could bag £100m shares bonus

    Mike Ashley’s successor, Michael Murray, will pocket the mammoth windfall if he more than doubles the Frasers Group share price.

  • The Telegraph

    Mike Ashley's successor set to earn £100m within three years

    Michael Murray, Frasers Group’s incoming chief executive due to replace Mike Ashley, could earn up to £100m in shares on top of his salary.

  • Reuters

    Ashley's Frasers proposes 100 million stg bonus target for incoming CEO

    Mike Ashley's Frasers Group said on Wednesday it would recommend a bonus scheme for incoming chief executive Michael Murray worth 100 million pounds ($137 million) in stock if he meets a "challenging but achievable" target. Murray, who is the partner of Ashley's daughter, will receive the stock if the retailer's shares achieve a price of 15 pounds for 30 consecutive trading days before October 2025. "The board believes that the significant increase in value of the shares to be achieved before Michael's share option award vests is suitably challenging but achievable and would be evidence of the success of the group's elevation strategy and Michael's leading role in this," the company said.