Britain’s best-paid boss could be in line for a £5billion pay cheque – her largest so far – with the sale of her Bet365 gambling empire.
Denise Coates’s family are in talks to sell the firm, which could reportedly be valued at £9billion.
This would see the country’s richest woman handed her largest ever single payout of £5.22billion, as she owns 58 per cent of the family business.
Discussions with Wall Street banks and US advisers have been held about a total or partial sale, The Guardian reported. Options being considered are said to include listing the business on the New York stock market.
Other proposals could allow the family to retain part of the firm by selling a slice to a private equity investor or publicly listing one division in a spin-off company.
Ms Coates, 57, is famous for her record-breaking pay packets, which over the last decade have amounted to around £2.4billion.
Denise Coates (pictured) could be in line for a £5billion pay cheque – her largest so far – with the sale of her Bet365 gambling empire
Ms Coates, 57, is famous for her record-breaking pay packets, which over the last decade have amounted to around £2.4billion (stock photo)
She set up Bet365 in 2000, from a car park in Stoke-on-Trent, and it now employs more than 8,500 staff.
It remains a family business, with her brother John Coates serving as joint chief executive and a major shareholder.
Ms Coates – who was awarded a CBE in 2012 for services to business and the community – received a salary of nearly £95million in the year to March 2024, company accounts show. Bet365 was approached for comment.
