Skip to main content

Betfair new CEO expected to be announced on Monday

Sky News broke the story on Saturday night that Paddy Power Chief Operating Officer Breon Corcoran will replace David Yu as Betfair CEO. The outgoing CEO David Yu announced earlier in the year that he wouldn't be seeking an extension of his contract from October 2012, and would even be prepared to leave earlier should a replacement be found. The official announcement to the stock exchange is expected on Monday morning, it will be interesting to see how it responds. When you compare the rapid growth of Paddy Power in recent years, and the dismal share price of Betfair since the float, you would think the market will react positively. All I know is, the new guy will have a lot of work to do to restore the confidence of the punters that got them to where they are today, and the financial market...

Betfair poaches Paddy Power exec for CEO - report

Nov 6 (Reuters) - Online betting group Betfair will announce the appointment of Paddy Power's Breon Corcoran as its new chief executive this week according to media reports.

Corcoran, who is chief operating officer at the Irish bookmaker, will succeed David Yu and end Betfair's five-month search for a replacement.

Comments

Popular posts from this blog

lay the field - my favourite racing strategy

Dabbling with laying the field in-running at various prices today, not just one price, but several in the same race. Got several matched in the previous race at Brighton, then this race came along at Nottingham. Such a long straight at Nottingham makes punters often over-react and think the finish line is closer than it actually is. As you can see by the number of bets matched, there was plenty of volatility in this in-play market. It's rare you'll get a complete wipe-out with one horse getting matched at all levels, but it can happen, so don't give yourself too much risk...

Henry VIII Novices’ Chase

It's not just about the Tingle Creek tomorrow at Sandown, there's a Grade 1 Novice Chase amongst the rather decent supporting card. Lining up for the preview is astute NH enthusiast Sam Tribe, @samtribe87.

---------------------

Racing Post Henry VIII Novices’ Chase
Grade 1 Chase, 2 Miles
Sandown 13:50
Likely going Soft, Good to Soft in places


With doubts concerning the fitness of last year’s Queen Mother Chase winner Sire De Grugy and of the two mile chase king Sprinter Sacre (despite bullish remarks from Henderson) there is a chance for another to step into the limelight. Both have won the feature race of the day, The Tingle Creek Chase and that will more than likely throw a few into the hat. However, I have chosen to take a look at the Henry VIII chase, which was changed to a grade 1 in 2011 and has been won by some nice prospects in the past (Somersby and Al Ferof to name but a few). Let’s hope that a potential Champion Chase contender of the future will feature in this …

Kentucky Derby preview

It's America's big day of racing, where 90% of them will be there to be seen and most won't have a clue what difference Churchill Downs Inc's latest takeout hike does to shaft them on every bet placed. Throw in the standard arguments about race-day medication in the US and the recent New York Times/PETA expose on yesterday's Oaks-winning trainer Steve Asmussen, and racing in North America could be in better health.

Still, it's one of the elite races and great occasions of the world, and stepping up to the plate is Jon da Silva again, @creamontop, with his preview in a very American style. (No I don't understand Brisnet figures either...)

------------------------------

The Kentucky Derby Presented by Yum Brands

They say you should avoid food additive E-numbers which you can’t with Yum Brands…

Yum! Brands, Inc. or Yum! is a United States-based Fortune 500 corporation. Yum! operates or licenses Taco Bell, KFC, Pizza Hut, and WingStreet restaurants worldwid…