The Coates family has a net worth of PS421 million. Their wealth was amassed over a period of many years. After receiving a formal education, David Coates served in the British army. He then started working for a chain restaurant and later opened his own catering company, focusing on catering for sporting events. Coates later invested in betting shops, naming them Provincial Racing. In 1989, he became a major shareholder in Stoke City football club, and in 2012, he was appointed as its managing director. His five children were recently adopted from the same family, but are all well-known.
In addition to building a multi-billion-dollar empire, Denise Coates is also the chairman of Stoke City Football Club. Sports betting has created billions of dollars for many people. Coates’ net worth is a result of her business success. She and her family are among the richest people in the United Kingdom. Their net worth is impressive and is growing each year. But before they began building their empire, they started working for low pay.
The Coates family owned Stoke City from 1989 to 1997. However, in 1997, they sold the club to a consortium of investors called the Stoke Holding Group. Although they struggled to win the league and fell into the third tier, Hughes managed to improve the team’s style of play. The Stoke City team is now in the English Champions League, and is currently fighting to reach the Premier League. The Coates family’s net worth is estimated at $5 billion.
After the scandal, Coates continued to be involved in rowing. He was elected as Honorary Secretary of the Australian Amateur Rowing Council, which has since become Rowing Australia. He later served as its President from 1983 to 1988. He was also a member of the European Australian Business Council and the Sydney Olympic Park Authority. Coates’ net worth rose after the scandal. They are considered one of the richest families in the world.