Bet365 Boss Earns ₤ 469m in A Single Year

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Bet365 manager earns ₤ 469m in a single year

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Bet365 manager makes ₤ 469m in a single year


1 April 2021

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The boss of the betting company Bet365 has been awarded among the greatest pay packages in UK business history.


The highest paid director of Bet365 Group - thought to be creator and bulk shareholder Denise Coates CBE - made a salary of ₤ 421m in the year ending 29 March.


She also made ₤ 48m in dividends, taking her total pay to ₤ 469m.


the yohaig code business stated the plans were "proper and fair", regardless of sales falling at the firm last year.


But campaign group the High Pay Centre stated it was "appallingly ineffective for single individuals to hoard wealth in this promotion code method".

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Ms Coates, who founded the Bet365 website 20 years earlier in Stoke-on-Trent, has actually been the UK's highest paid manager for several years.


She is also one of Britain's most affluent females and a significant benefactor, donating millions through the Denise Coates Foundation.


Her salary in the year to March was more than 50% higher than the ₤ 277m gotten in 2019 and implied she earned nearly ₤ 1.2 m every day in 2015.


That was more than the one in charges of every FTSE 100 company combined, according to the High Pay Centre.


It came as sales at Bet365 fell 8% to ₤ 2.8 bn as global sporting occasions were cancelled due to the pandemic. Profits plunged 74% to ₤ 194.7 m.


However, the business said it had not cut personnel pay or laid off workers as a result of the crisis. It likewise did not make use of the furlough scheme.

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the yohaig code business also paid ₤ 85m to Ms Coates's charitable structure.


Ms Coates and her sibling John took control of the yohaig code gaming company 20 years earlier, which was run by their father. Ms Coates now owns about half of the company.

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She has actually formerly been referred to as one of the UK's "most successful ladies".

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Ms Coates attained a superior degree in econometrics and later on trained as an accounting professional within the family firm, developing further on the knowledge of the then small chain that she got while working part-time throughout high school.

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The primary executive's yearly pay package is likely to be the yohaig code most significant in UK history. Earlier this promotion code month, hedge fund tycoon Sir Chris Hohn staked a claim to that title after paying himself ₤ 343m in 2015.


How Bet365's Denise Coates hit her own prize


18 December 2019

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