Breaking News: John Coates Takes the Helm Bet365 Steps Back from Stoke City Ownership, But Family Legacy Continues

August 6 – EFL Championship team Stoke City has announced a substantial shift in ownership structure, with bet365 co-CEO John Coates being the sole owner. This development follows the strategic ‘demerger’ of the Stoke City Holdings Group from online bookmaker bet365, which resulted in John Coates becoming the sole owner of the Potters. The Coates family owns the massive online betting and gambling company.

Stoke City now owns its stadium and Clayton Wood training ground entirely, according to the new ownership structure. This move is part of a larger drive to consolidate assets and increase the club’s financial independence. The club also announced that it had effectively cleared its debts, a process in which bet365 had a significant part in recent years. The club stated that restructuring was required to increase their competitiveness in the Championship.

John Coates, Richard Smith, and Peter Coates will keep their places on the board. “My family and I remain steadfast in our commitment to Stoke City, so it’s very much business as usual,” John Coates told the press. “Infrastructure projects at the stadium and training complex will continue at a rapid pace in the coming years, and Potters fans can be confident that investment in the playing squad will be maximised in accordance with competition rules.

Everything we do is geared towards bringing long-term success to Stoke City and representing our fanbase and local community in a way that makes people proud.” Contacts the writer of this story, Harry Ewing, at moc.llabtoofdlrowedisni@gniwe.yrrah