Business World

Monday 1 May 2017

Newcastle owner lands McGreevy for board

Nick Webb

Nick Webb

Former Fianna Fail finance minister and EU Commissioner Charlie McCreevy has picked up another part-time job that could pay him almost €60,000 per year.

Mr McCreevy has just joined the board of €1.2bn-valued SportsDirect, the shiny-tracksuit company headed up by controversial Newcastle United owner Mike Ashley.

Mr McCreevy was forced to stand down as a director of financial buyout firm NBNK over a potential conflict of interest last year. He is also a non-executive director of Ryanair and joined the board of IFSC bank BNY Mellon last week.

SportsDirect, which owns a chunk of Heatons in Ireland, was investigated by Britain's Serious Fraud Office in 2009 over allegations it was operating a cartel with rival sports retailer JJB. The probe ended last October and no charges were brought against the firm.

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