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Magic Mike's Millionaires!


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Sports Direct shop floor staff in line for bonuses worth up to £1m as new plan cleared

Almost all 30,000 Sports Direct and House of Fraser staff are now in line for bonuses - varying between 4 weeks' salary and £1million



But the payout will only be triggered if shares more than double within the next four years to at least £10 and for a sustained period. Shares in the group closed on Tuesday at 360.8p.

Frasers insisted the share price target was "realistic".


David Daly, chairman of Frasers Group, said: "This scheme strikes the right balance between rewarding as many of our people as possible whilst also potentially paying life-changing sums to those who make the most outstanding contributions.

"These are challenging times but we believe that a £10 share price is a realistic target as our elevation strategy continues to go from strength to strength."


Mr Daly (irony!)  a total shyster was on the radio, pitching this deal. Low end Ea/car salesman doesnt full convey how dodgy he sounds.





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ah that is his exit strategy, every employee is now a pumper (pump'n'dump), while he queitly cashes out, then pays the staff bonus with debt and leaves, whilt someone else gets to hold the baby.

He just receuited every employee into the plan to do their bit in making it happen, c'mon everyone, over pay for your cheap tat sports clothes shares.

Edited by Odin
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  • 2 weeks later...

It might work or might not. Have they spelt it out to employees that can buy shares to help it along? 

I think most people don't even know the stock market exists, to be honest.

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  • 9 months later...


Head of Elevation

Frasers Group

Jan 2019 - Present2 years 8 months

Managing Director

M.P.M Prop Co

Dec 2015 - Present5 years 9 months

London, England, United Kingdom


University of Reading

University of Reading

Bachelor's DegreeReal Estate

2008 - 2011


Hes(recently) got one of those degrees for thicko toffs.

This will be fun.

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