UK Government Declines to lend Money to Mike Ashley’s Fraser Group

THE Frasers Group, whose owner Mike Ashley set up JD Sports and owns House of Fraser, Evans Cycles and Jack Wills has been refused a coronavirus loan by the British government.

It told shareholders only that it was ineligible but declined to explain why although it also advised that it has settled a €674 million dispute with the Belgian tax authority apparently making a modest payment only.

Mr Ashley is a controversial figure who also owns Newcastle United Football Club which he is reportedly trying to sell.

Written by

John Smith

Married to Ophelia in Gibraltar in 1978, John has spent much of his life travelling on security print and minting business and visited every continent except Antarctica. Having retired several years ago, the couple moved to their house in Estepona and John became a regular news writer for the EWN Media Group taking particular interest in Finance, Gibraltar and Costa del Sol Social Scene. Currently he is acting as Editorial Consultant for the paper helping to shape its future development. Share your story with us by emailing, by calling +34 951 38 61 61 or by messaging our Facebook page