Sports Direct is owned by Frasers Group plc, a British retail conglomerate formerly known as Sports Direct International plc. The company was founded in 1982 by Mike Ashley, who continues to hold a majority stake of approximately 61.7 percent since October 2013. Under his leadership, Frasers Group has grown to include multiple retail brands and sporting goods labels, with Sports Direct remaining a core part of the group's business. The group operates physical stores and an online presence, and it owns other brands such as House of Fraser, Flannels, USC, and GAME. The current CEO of Frasers Group is Michael Murray, and the company is listed on the London Stock Exchange.