Fred Done

From Wikipedia, the free encyclopedia
Jump to navigation Jump to search

Fred Done (born March 1943) is a British billionaire businessman, the co owner with his brother Peter Done of the bookmaking chain Betfred, which has more than 1,350 betting shops in the United Kingdom.[1] In February 2015, it was announced Fred Done was in talks to sell a 25% stake in the Tote.[2] In April 2015, The Sunday Times estimated the brothers' joint net worth at £1.0 billion.[3] In June 2018, Done has made an investment in the online advertising platform based in Nottingham, Adzooma.[4]

He and his brother own Health Assured, a business that has contracts from the NHS to treat people with gambling addiction. The two took £5.2m in dividends between 2016 and 2019 from Health Assured. Members of the UK Parliament have criticised the "cynical" arrangement whereby the brothers get money from both gambling and the addiction that ensues. This was in January 2020.[5]

References[edit]

  1. ^ "Betfred Limited". Companies House. Retrieved 29 July 2015.
  2. ^ Duke, Simon (2018-02-25). "Betfred founders Fred and Peter Done eye sale of 25% stake in the Tote". The Sunday Times. ISSN 0956-1382. Retrieved 2018-07-30.
  3. ^ "Sunday Times Rich List". The Sunday Times (page 34). 26 April 2014.
  4. ^ "Adzooma partners with Google to help SMEs grow online". BusinessCloud.co.uk. Retrieved 2018-08-22.
  5. ^ "Betfred owners make millions from company treating gambling addicts". The Guardian. 17 January 2020. Retrieved 17 January 2020.