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If Bwin sale goes through CEO Makes 17 Million
Monday May 25,2015 : BWIN BOSS SET TO EARN A FORTUNE
Media reports indicate CEO could cash out for around GBP 17 million if Bwin sale goes through.
Norbert Teufelberger, the chief executive of the troubled and currently up for sale Bwin Party Digital Entertainment online gambling group, could be in the money big time if a successful acquisition of the company goes through.
Since last November the group has been on the sales block, and has confirmed that it is in talks with a number of suitors, including a GVC-Amaya combo and 888 Holdings, with numbers of around Euro 1.5 billion being discussed
The Telegraph newspaper reports that Teufelberger stands to earn at least GBP 17 million in the event of a successful sale, explaining that he holds about 13.3 million shares in the company.
He has a further 9.2 million in deferred shares and options that might also pay-out depending on the value of a successful takeover.
Shareholders have had a tough time lately, the newspaper reports, noting that the shares were at 190p when the company listed on the London Exchange, but last Friday were down to 106.7p.
A spokesman for Bwin.Party told the newspaper that as a substantial investor in the business, Teufelberger was keen to make a decision that is in the interest of all shareholders.
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MPN Poker Tour Bratislava | Day 2 -
It was a hard fight around the bubble, culminating in the elimination of Georgios Drakakis in 46th place. He received a surprise consolation entry into the next MPNPT stop in Sunny Beach, Bulgaria (5-8 July), which softened the blow of missing out on a €900 min-cash.
MPN Poker Tour Bratislava Day 1B -
Dorey Captures Chip Lead After MPNPT Bratislava Day 1b Triples 1a Field Size. The second flight of the €550 MPN Poker Tour Bratislava Main Event is in the bag, and so are the chips of 97 players who will be returning along with the 26 Day 1a survivors to fight to the money and beyond today
MPN Poker Tour Bratislava Day 1A -
The MPN Poker Tour has arrived in Bratislava for the very first time, bringing with it the Tour’s friendly mix of local and globe-trotting poker enthusiasts, pros and qualifiers to the beautiful Slovakian capital.
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