Newcastle United fans unfurl protest banner aimed at Mike Ashley's Sports Direct

Newcastle United fans have launched one of their most public demonstrations so far against the club’s billionaire owner Mike Ashley, unveiling a banner at Tuesday night’s clash with Manchester United to protest about the way he runs his embattled retail chain, Sports Direct. Fans along the Gallowgate stand unfurled the banner, reading “#SportsDirectShame”, near the end of the first half of the match.

It is the latest in a string of protests against Ashley’s ownership of the football club that he bought in 2007. The sportswear chain is also embroiled in ongoing controversy over working conditions and pay.

Approximately £1bn has been wiped off Sports Direct’s stock market value this year following concerns over the company’s trading raised by a Guardian investigation in December, which found that the retailer was effectively paying thousands of temporary warehouse workers below the national minimum wage.

The Guardian’s reports led to a question in parliament and calls for an investigation by HM Revenue & Customs, as well as criticism from the Institute of Directors, which branded Sports Direct a “scar on British business”.

On New Year’s Eve, Sports Direct pledged £10m for a pay rise for staff from the start of this year. Ashley has also promised to lead a review of all Sports Direct’s temporary staff terms and conditions.

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