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Birmingham Post
Birmingham Post
Business
Laura Watson

Stoke City owners make £160m commitment to the club

Stoke City bet365 John Coates

The owners of Stoke City FC have made a long-term commitment to the club after reducing debts by £160 million.

Bet365 group - which holds a majority stake in the Championship club - has converted £40 million worth of loans into equity in Stoke City Holdings Limited and have also waived £120 million of shareholder loans.

Stoke City is owned by the Coates family - who also own bet365 - and are worth an estimated £8.4 billion.

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