After cheating the shareholders billionaire Ashley sells stake in Adidas

June 5, 2007 1:21 am

Just days ago i reported ( http://www.thebillionaireslist.com/?p=154) how  Ashley cheated the shareholders out of 200 000 punds and bow he is selling his Adidas stake as reported by Financial Times:

sold his holding in Adidas, making tens of millions of euros from a rally that he sparked with his stake-building in March.

The precise profit has not been made public but the Financial Times estimates that Mr Ashley made at least €43m ($58m) by buying and selling shares in the German sportswear group over a period of just eight weeks.

It is only the latest example of the unpredictable behaviour that has made Mr Ashley one of the wealthiest entrepreneurs in the UK while causing consternation in the City of London.

http://www.ft.com/cms/s/e17213ee-12dc-11dc-a475-000b5df10621.html

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