UK time is: 10:25:37
Vital Login
Social Login

Choose your club

Other Sites

Network Navigation

Vital Partners

'If It's Football, It's Vital'

Bet365 gamble pays off for Potters

It's been revealed that Peter Coates and his family have pumped 40m into the club since he regained control from the Icelandics in 2006.

The club was said to be heading for administration in 2006 after the Icelandic consortium had lost all interest in the Potters and it was revealed that their backing for the club was only in the form of repayable loans rather than shares in the club. Who knows where we'd be now if we'd still been stuck with Gislason and his crew in the aftermath of Iceland's banking crisis last year?

Luckily the club's plight coincided with the soaring fortunes of the Coates family's internet betting operation - Bet365.com and they came in and bought them out for 5m (together with a further 2m which was paid on the club's success in the Premier League). All that seems small change now when compared with the amounts that the chairman has injected into the club to get us to the promised land - and to keep us there.

As well as spending on players, they've, so far, put up 6m to buy the Britannia Stadium outright and another 6m has been earmarked for the redevelopment of the Michelin training ground (now renamed Clayton Woods) which has just got underway.

TV income last season was 37m, but with the players' salaries now topping 20m per year alone, it seems that we'll be reliant on Bet365 cash for the foreseeable future with the chairman committing himself to helping the club progress with 50m spent on players during the last two years.

As recent events have demonstrated, it's probably a very good thing that we now have a chairman who is from the area and we can easily see where his money comes from rather than some faceless company such as they've ended up with at Notts County and Leeds United or the financial woes at the likes of Portsmouth.




Use your social login to comment on front page articles. Login using you Facebook, Twitter, Google or LinkedIn accounts and have your say!



Click here to join in the debate on the club forum.

The Journalist

Writer: Chris Baldwin Mail feedback, articles or suggestions

Date:Tuesday October 13 2009

Time: 10:24PM

Your Comments

I fear for the actual existance of Notts County i really do!
HuddersfieldYiddo
 

Have Your Say

Log in...
with your social network     OR     with your Vital account

Recent Articles

Jones loses appeal (Wednesday April 16 2014)

Ireland pens 3-year Stoke contract (Tuesday April 15 2014)

Fluent Stoke ease past Newcastle (Monday April 14 2014)

Stats: Chelsea v Stoke City (Monday April 7 2014)

Archived Articles

List All Vital Stoke Articles
Have your say
Click here to suggest an article
Click here to suggest a poll

Vital Members League (view all)

1. lloyd_17 2

League Results (view all)

Latest Results
Stoke 1 - 0 Newcastle
Chelsea 3 - 0 Stoke
Stoke 1 - 0 Hull City
Aston Villa 1 - 4 Stoke
Stoke 3 - 1 West Ham
Norwich 1 - 1 Stoke

League Table (view table)

Team P W D L GD Pts
7. Man Utd 33 17 6 10 18 57
8. Southampton 34 13 9 12 5 48
9. Newcastle 34 14 4 16 -14 46
10. Stoke 34 11 10 13 -10 43
11. Crystal Palace 34 12 4 18 -14 40
12. West Ham 34 10 7 17 -9 37
13. Hull City 33 10 6 17 -6 36

Breaking League News

Liverpool: Lawro Predicts Norwich Result
Liverpool : 19/04/2014 08:49:00
Manchester City vs West Bromwich Albion
Man City : 19/04/2014 08:38:00
FAWSL Highlights: Liverpool 1-0 Man City
Man City : 19/04/2014 08:04:00
Adams Gives Injury Update
Norwich : 19/04/2014 07:00:00
Ole Looking For Back To Back Victories
Cardiff : 18/04/2014 22:35:00
Gunnarsson Has Full Support amp; Trust
Cardiff : 18/04/2014 22:22:00
Do Villa Need Another Point To Be Safe?
Aston Villa : 18/04/2014 21:19:00

Current Site Poll (view all polls)

MOTM vs. Newcastle
Suggested By:  
Begovic 10%
Cameron 0%
Shawcross 7%
Wilson 0%
Pieters 0%
Whelan 0%
N'Zonzi 0%
Arnautovic 76%
Ireland 0%
Odemwingie 7%
Crouch 0%
Adam 0%
Walters 0%