Vital Football

Latest Stoke City News

Bet365 gamble pays off for Potters

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.

Win FREE pizza with Vital Football!
Select your team and get 50% off if they score twice.
www.papajohns.co.uk/football



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

Writer:Chris Baldwin
Date:Tuesday October 13 2009
Time: 10:24PM

Best of Vital Network

Comments

0
I fear for the actual existance of Notts County i really do!
HuddersfieldYiddo
13/10/2009 23:48:00
Page 1/1
  1. 1

Login to post a comment

Recent Stoke City Articles

A Mixed Bag Of Injuries For Stoke City FC

Our weekly update looking at the injury table for Stoke City FC and also comparing with all our competitors in the Premier League.

Stoke - PL 2016/17 Fixture Release Date

The Premier League have today confirmed the date where Stoke City will find out their fixture list for the 2016/17 season.

Who Will Stoke City Face In 2016/17 (26/4/16)

With less than a handful of games remaining in the 2015/16 campaign, some promotions and relegations in the football pyramid are already known.

Ref Watch: Pawson to officiate Stoke City v Sunderland

Pawson is the man in black at the weekend

Archived Vital Stoke Articles

Vital Stoke articles from

Site Journalists

Lloyd Reddin
Editor email
Profile
Tom Barker
no email
Profile
Matthew Forrester
no email
Profile
Phil Williams
no email
Profile

Current Poll (see more polls)

MOTM v Manchester City
Suggested By:
Given1%
Bardsley0%
Shawcross0%
Wollscheid0%
Muniesa28%
Imbula0%
Cameron14%
Whelan0%
Arnautovic57%
Diouf0%
Joselu0%
Haugaard0%
Adam0%
ScoopDragon Premier League Network Sites

League Table

# Team P W D L Pts. GD
1 Leicester City 35 22 10 3 76 30
2 Spurs 35 19 12 4 69 39
3 Man City 35 19 7 9 64 32
4 Arsenal 35 18 10 7 64 24
5 Man Utd 34 17 8 9 59 12
6 West Ham 34 14 14 6 56 14
7 Liverpool 34 15 10 9 55 13
8 Southampton 35 15 9 11 54 12
9 Chelsea 34 12 11 11 47 7
10 Stoke 35 13 8 14 47 -14
11 Everton 34 9 14 11 41 5
12 Watford 34 11 8 15 41 -7
13 WBA 35 10 11 14 41 -11
14 AFC Bournemouth 35 11 8 16 41 -19
15 Swansea 35 10 10 15 40 -15
16 Crystal Palace 35 10 9 16 39 -9
17 Sunderland 34 7 10 17 31 -18
18 Norwich 34 8 7 19 31 -25
19 Newcastle 35 7 9 19 30 -26
R Aston Villa 35 3 7 25 16 -44
Latest F1 News
Latest Vital Boxing News

Recent Stoke City Results (view all)

Stoke City Fixtures (view all)

Apr 30 2016 3:00PM : Sunderland (H)
Barclays Premier League
May 7 2016 3:00PM : Crystal Palace (a)
Barclays Premier League
May 15 2016 3:00PM : West Ham United (H)
Barclays Premier League