Incoming boss of Sports Direct owner to get £100m payout if he doubles share price

New chief executive Michael Murray, 31, who is Mike Ashley’s future son-in-law, has till 2025 to achieve target

The incoming 31-year-old boss of Sports Direct owner Frasers Group could be handed shares worth more than £100m if he more than doubles its share price.

The company, which also owns the House of Fraser department stores and the designer fashion chain Flannels, revealed the bumper potential payout on Wednesday night, weeks after it announced that Michael Murray would be taking over from his future father-in-law, Mike Ashley, next spring.

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from World news | The Guardian https://ift.tt/38itWRm