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Posts Tagged ‘CoFounder’

FanDuel Co-Founder Nigel Eccles Leaves Company

Nigel Eccles, co-founder and CEO of daily fantasy sports (DFS) giant FanDuel, announced that Monday was his last day at the company. Matt King, the CFO of FanDuel from 2014-2016 will step into Eccles’ vacated role. Between his previous stint at FanDuel and now, King was equity partner and President of Regional Operations and Corporate Development at ‎Cottingham & Butler. “Excited but a little bit sad to be leaving @fanduel today,” Eccles tweeted. “It has been an amazing 8 years. Really excited to see how Matt King and the team drive the company in 2018 and beyond. For me I’m building something awesome in eSports. Watch this space.” Though DraftKings is the DFS market leader, it really was Eccles’ FanDuel that launched industry. Traditional, season-long fantasy sports have been popular for multiple decades now, but DFS has really only been a thing for less than ten years. It was born

Playtech Co-Founder Sells £329 Million of Company Stock

Playtech PLC’s co-founder Teddy Sagi, the company’s largest shareholder, has sold off a sizable chunk of his stock in the company. The sale was made through his trust, Brickington Trading Limited. It was known that Sagi was going to sell some of his stock, but he decided to increase the amount from 10 percent to 12 percent of his holdings. He still remains Playtech’s largest shareholder, owning 21.6 percent of the online gaming firm. The fun figures: 38.7 million ordinary shares for 850p each, a total of £329 million. As part of the sale, Sagi and Brickington (which sounds like a LEGO city) agreed to not sell any more shares for 180 days. The sale put a hurting on other shareholders, as naturally Playtech’s stock price plummeted to the level at which Brickington sold. On November 29th, the day before the sale, Playtech (LON: PTEC) closed at 921p per share.