Managers hold a 16 per cent stake in the bookmaker, which is expected to be taken over by casino and bingo operator Gala for £2.1bn, including £1.2bn in debts.
The deal will create Britain\’s leading gambling firm, comprising over 1,260 betting shops, 166 bingo halls, 32 casinos, two major greyhound tracks, a telephone betting business, and three fledging internet businesses: coral.co.uk, eurobet.com and gala.com.
Neil Goulden, Gala Chief Executive, will take the same role in the enlarged group.
Vaughn Ashdown, Coral Eurobet Chief Executive, which stands to make more than £40m from the sale, is expected to stay on for now as head of the bookmaking business.
Calculators
