(admin's please move to the Holy Ground if not allowed, but kinda football related)
https://www.bbc.co.uk/news/business-46289499
The boss of Bet365 took home an annual salary of £265,000,000 in 2017 (net? gross?). This is obscene and just highlights the issue of gambling in the UK.
Any idea whether she is taxed in the UK or is she paid off-shore?
Results 1 to 30 of 78
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22-11-2018 11:30 AM #1
You never see a poor bookie: Bet365 owner's salary
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22-11-2018 11:39 AM #3This quote is hidden because you are ignoring this member. Show Quote
Bill Gate, Steve Jobs, Stev Wozniaki, Richard Brason etc etc are or were worth how many billions for their own companies. Why is this woman any different or less entitled to have that much?
I guarantee no one on here would reject that wage.
Wonder what the 'womans equal pay' cult think about it all
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22-11-2018 11:58 AM #5This quote is hidden because you are ignoring this member. Show Quote
If so i don't see the problem. She's started and created a very successful business, it's not coming out of public funds so why shouldn't she get paid such a significant sum?
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22-11-2018 12:05 PM #6This quote is hidden because you are ignoring this member. Show Quote
BUT
There was national outrage at the boss of Persimmon Homes paying himself a £100m bonus, which he later reduced to £75m (on top of his £40m salary). Why no moral outrage at Denise Coates inflated salary?
She is no different to these people. She in fact vastly outearns Stev Wozniaki and Richard Branson (in terms of declared salary, perhaps not Net Worth). She paid herself over double what her whole business paid in tax in the UK last year (£130m). Gambling addiction costs the UK about £1.2b a year. Bet365 have made a massive donation of 0.144% of their turnover to gambling charities.
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22-11-2018 12:07 PM #7
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22-11-2018 12:14 PM #8This quote is hidden because you are ignoring this member. Show Quote
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22-11-2018 12:18 PM #9
She's done well for herself, well it was her fathers business she converted from an old fashioned high street bookies to an online only giant. A smart cookie it would seem.
The Coates family own Stoke City so although they got relegated I doubt they will ever get into serious financial trouble while they are in charge.
Bet365 is a global player so only a proportion of her earnings will be off the back of UK gamblers and I heard somewhere that she has personally donated around £70M to various charities over the last few years so its not all bad.
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22-11-2018 12:18 PM #10This quote is hidden because you are ignoring this member. Show Quote
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22-11-2018 12:18 PM #11This quote is hidden because you are ignoring this member. Show Quote
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22-11-2018 12:20 PM #12This quote is hidden because you are ignoring this member. Show Quote
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22-11-2018 12:20 PM #13This quote is hidden because you are ignoring this member. Show Quote
The comparison re: Bet365 would probably be a moral one regarding whether the company profits from addiction.
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22-11-2018 12:37 PM #14This quote is hidden because you are ignoring this member. Show Quote
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22-11-2018 12:41 PM #15
Depends. If those at the lowest end of the company can’t afford to pay their bills that salary can get ****ed.
Do you think your security can keep you in purity, you will not shake us off above or below. Scottish friction, Scottish fiction
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22-11-2018 12:48 PM #16This quote is hidden because you are ignoring this member. Show Quote
That's another thread though
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22-11-2018 12:48 PM #17
Rather ironically, this story broke on the same day it was reported that there are 50000 children gambling in the UK.
https://www.bbc.com/news/business-46286945
So, whatever your thoughts on gambling (I gamble a little) there is definitely an issue when the owner of an online bookies makes over £4m a week in profit, pretty much every football team is sponsored by online bookies, and we have that many kids gambling illegally.
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22-11-2018 12:55 PM #19
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Its her own company. She built it from scratch. It employs 1000s of staff. Well done to her.
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22-11-2018 12:58 PM #20This quote is hidden because you are ignoring this member. Show Quote
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22-11-2018 12:58 PM #21
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It wasn't a salary - it was her total remuneration e.g. a mixture of salary and dividends.
As for the dividends not being taxable, that's certainly true of the first £2,000. The remainder however would mostly have been taxed at 38.1%, saving her 6.9% tax compared to if she had taken it all as salary. Of course, there's also the 2% NIC saving, meaning she saved 8.9% on it. That's hardly mass tax avoidance or evasion though.
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22-11-2018 01:00 PM #22
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22-11-2018 01:02 PM #23
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Owners of their own LTD company can though.
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22-11-2018 01:08 PM #24
It’s absolutely disgusting that someone has that amount of wealth when you consider the poverty that so many people live in.
Something is fundamentally wrong.
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22-11-2018 01:08 PM #25
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22-11-2018 01:40 PM #26
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22-11-2018 02:50 PM #28
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22-11-2018 03:20 PM #29This quote is hidden because you are ignoring this member. Show Quote
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22-11-2018 03:49 PM #30
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Betfred hiding behind an excuse that the machine had a 'glitch' in not paying out 1.7 million. As the man says how many times was there a 'glitch' when it took his losing money? Pay the man its not his fault the machine allegedly had a 'glitch'. Shocking and hope he wins his day in court but I suspect he'll be offered a huge sum before any legal ruling. No wonder the bookies are mega rolling in the stuff.
https://www.msn.com/en-gb/news/uknew...ing/ar-BBPZgxG
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