Caesars Entertainment, the American entertainment giant, made its offer to buy William Hill public on September 28, and was cleared by the sportsbook's board just two days later.
Caesars has made it clear that their interest in William Hill is based on their rapid growth in the US market; while for the rest of the business, which includes more than 1,400 stores in the UK, they prefer to seek partners or new owners.
According to The Telegraph, British billionaire Fred Done, co-founder of Betfred, and who also owns 6% of William Hill, has expressed with his brother their interest in William Hill retail stores to boost the portfolio of 1,500 betting shops of Betfred.
It should be noted that Fred Done will earn some £ 172 million from the sale to Caesars.
On the other hand, senior executives at William Hill would receive huge bonuses if they stayed until Caesars Entertainment sells all or most of William Hill's operations outside the United States.
Thus, Ulrik Bengtsson (CEO) and Matt Ashley (CFO) will be entitled to cash payments equal to 200% of their salaries, which means £ 2.1 million. 100% when William Hill exits the London Stock Exchange; and another 100%, six months after or when Caesars completes the sale of the companies outside the United States of the British group.
Read The Telegraph
18+ | Juegoseguro.es – Jugarbien.es
