The Coates and Done families, two gambling dynasties, have featured in the top-three of ‘The Sunday Times 2021 Tax List’, which tracks vital contributions of the super-rich during a critical period for the UK Treasury. For the second year in a row, Denise, John and Peter Coates – the founding family of bet365 – topped the Sunday Times tax list …
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The Betfred Story Part 3: Expanding The Brand
“All sponsorships are like partnerships. It’s not a matter of writing a cheque out. If you write the cheque out and leave it at that, believe me you’re wasting your money – you don’t get value. You’ve gotta keep working at it.” – Fred Done Part Three of the Betfred story (see part two here) looks at the modernising process …
Read More »The Betfred Story Part 1: From Humble Beginnings
“I’m a businessman, but first and foremost I’m a bookmaker. And I love bookmaking.” UK bookmaker Betfred has grown into a multi-billion pound enterprise, and one that employs thousands across the UK, but this wasn’t always the case. Co-owner Fred Done opened the first shop way back in 1967, in a working-class area of Pendlebury, Salford. In the first part …
Read More »Fred Done celebrates 50-years in the betting game
Betfred founder Fred Done (74) is celebrating his 50th year in business, stating to the Manchester Evening News that he ‘will not slow down’. Alongside brother Peter, Fred Done opened his first betting shop ‘Done Bookmakers’ In Pendlebury, Salford, on September 4, 1967. Heading up the family business, Done would create a UK betting behemoth in Betfred which today operates …
Read More »Betfred ‘back in the black’ for 2015/16
Filing its corporate accounts for tax year 2015/16, independent bookmaker Betfred has posted pre-tax profits of £32.4 million reversing operating losses of £88 million recorded in 2014/15. Issuing a short statement attached to its year-end filing (period ending 25 September 2016), Betfred governance stated that wagering through increased player activity had grown significantly throughout its business properties. As a result, …
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