23 C
Kenya
Saturday, July 4, 2020

Who owns Sportpesa: Billionaires behind the multi-billion betting company

Must Read

Co-op Bank to acquire Jamii Bora Bank for Sh. 1 billion

Co-op Acquires Jamii Bora: The Co-operative Bank of Kenya is now set to acquire Jamii Bora Bank after finalizing...

Andrew Kibe: This is why I quit Kiss FM

Controversial radio presenter Andrew Kibe on Tuesday morning announced that he had quit Kiss Fm. The presenter was the...

Why Kenya abandoned this KQ plane in Ethiopia

KQ Plane Abandoned in Ethiopia: For the past 31 years, KQ plane Boeing 707-315B has been collecting rust at...

Who owns Sportpesa? Well, a club of local and international investors spanning three continents is behind the mobile phone-based sports betting platform SportPesa, whose fame touched a new peak with the signing of a £10 million (Sh1.321 billion) sponsorship deal with the ex English Premier League team Hull City, would then go on to sponsor Everton in another billion deal, and later on venture into F1 sponsorship.

In the club of deep-pocketed millionaires, whose ability to mint money has more than quadrupled with SportPesa’s runaway success, are an ex-Kenya Airways pilot, a shrewd Nairobi businessman, a female veteran of the gambling industry, three Bulgarians and an American businessman.

Who owns Sportpesa: Sportspesa Billionaire Paul Ndung’u: This is how I made my billions

Former chairman of the Kenya Airline Pilots Association (KAPA) Ronald Karauri, businessman Paul Wanderi Ndung’u and Asenath Wachera Maina, the brains behind the controversial ‘Shinda Smart’ lottery, are the principal owners of SportPesa, the Business Daily can reveal.

Three investors from Bulgaria — Guerassim Nikolov of the ill-fated Toto 6/49 lottery, Valentina Nikolaeva Mineva and Ivan Kalpakchiev — as well as American businessman Gene Grand are also in the list of top shareholders of Pevans East Africa, the entity behind SportPesa.

Two other Kenyans, Francis Waweru Kiarie and Robert Kenneth Wanyoike Macharia, also have minority stakes in the betting firm, according to regulatory filings at the registrar of companies. Mr Karauri currently serves as the chief executive officer of SportPesa.

Mr Nikolov’s Toto 6/49 lottery closed shop in 2011 under the weight of debts having operated in the market for about two years.

SportPesa grabbed global attention this week when it became Kenya’s first company to sponsor a football team in the UK’s lucrative topflight premier league, and topped it up with a betting deal with Southampton FC — the club Harambee Stars captain Victor Wanyama played for until his transfer to Tottenham Hotspurs.

Continue on Next Page…

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.

172,784FansLike
11,005FollowersFollow
137FollowersFollow
261SubscribersSubscribe
WhatsApp
Telegram

Latest News

Consumers Facing Financial Uncertainty Under Covid-19, New Report Shows

Consumers shrinking wallets have sparked drastic shifts in spending, purchasing habits, and routines as they try to cope with...

Guangxi China’s Africa – Middle East digital trade expo kicks off

Guangxi Digital Trade Week: This year's China (Guangxi)-Africa and Middle East Digital Trade Week officially kicked off on June 29 this year. The digital...

Andrew Kibe: This is why I quit Kiss FM

Controversial radio presenter Andrew Kibe on Tuesday morning announced that he had quit Kiss Fm. The presenter was the co-host of the morning show...

Co-op Bank to acquire Jamii Bora Bank for Sh. 1 billion

Co-op Acquires Jamii Bora: The Co-operative Bank of Kenya is now set to acquire Jamii Bora Bank after finalizing the acquisition talks. According to...

Why Kenya abandoned this KQ plane in Ethiopia

KQ Plane Abandoned in Ethiopia: For the past 31 years, KQ plane Boeing 707-315B has been collecting rust at the Addis Ababa – Bole...

More Articles Like This

- Advertisement -