Business World

Monday 26 June 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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