Why Did Entain Boss Leave After Just Seven Month?

Shay Segev leaving Entain

Sir Len Blavatnik the owner of DAZN who enticed Shay Segev to leave Entain after only seven months in the job and join his growing online sports streaming service, is reported to have offered the Israeli businessman a salary several times higher than what he was earning with the online gambling firm.

Entain was paying Shay Segev some £675,00 plus bonuses a year, with the reported multiple increase in salary by DAZN along with what is reported to be share options valued at ten of millions of pounds, how could the Entain boss refuse.

However close friends of Mr Segev have said that it is unlike the businessman to accept money over a challenge which Entain was, but Sir Len Blavatnik who is listed as the fourth richest man in the UK with an estimated wealth of £23 billion wanted to online gambling professional to head up a shared co-chief executive role with DAZN.

There had been rumours within Entain that Mr Segev had opposed the approach by MGM Resorts, believing the value and timing was not right for the online gaming firm. However speculation mounted that the non-executive leadership on the board of directors wanted the MGM deal to go ahead.

Both of these accounts have been rejected by Entain but clearly for some reason after only seven month in the top job at Entain Shay Segev believed it was the time to go and try a new venture with DAZN.

Entain have said that Mr Segev, who has a seven month resignation agreement will see out the full term of that arrangement, which could very well mean Mr Segev could oversee the acquisition of Entain by MGM Resorts if the deal is done.