Despite he resigned as Betfair\’s CEO, Stephen Hill remains eligible for the 3.13 million shares that are held in an employee benefit trust in his name.
The shares, bought by the company for £8.47m, would be worth at least £20 million if Betfair lists as expected with a £1 billion valuation, delivering Mr Hill over £11m.
Mr Hill had been the only supporter of an early IPO, whereas the rest of the Board of the betting exchange decided that there were “no plans to float in the immediate future.”
Calculators
