New Sports Direct boss to get £100m if he doubles share price

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

It comes weeks after the group announced that Michael Murray would be taking over from his future father-in-law, Mike Ashley, next spring.

“In considering a remuneration package, the remuneration committee was mindful of setting targets that were both stretching and achievable and that would reward an incoming chief executive commensurately with the shareholder value that could be attained,” Frasers said in a statement.

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