Kenyan tycoons Ronald Karauri and Robert Macharia lose SportPesa control to anonymous UAE firm
A UAE-registered firm with no traceable owner holds 54% of SportPesa's Kenyan operator, cutting Ronald Karauri and Robert Macharia below 4%.
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A UAE-registered firm with no traceable owner holds 54% of SportPesa's Kenyan operator, cutting Ronald Karauri and Robert Macharia below 4%.
Ronald Karauri's SportPesa has sued 20 companies including ESPN, Sofascore and Betway for broadcasting FKF Premier League data without recognizing the SportPesa Premier League branding secured under a $14.7 million deal.
Appeal judges rejected Paul Ndung’u’s move to revive a withdrawn SportPesa case, saying courts cannot undo an order that was never filed.
A London judge ordered Paul Ndung’u to pay Sh374 million in interim costs after rejecting key claims in his SportPesa ownership dispute.
A London court ordered Kenyan businessman Paul Ndung’u to repay $2.9 million to former partners after losing a bid to reclaim a stake in SportPesa.
SportPesa, led by Ronald Karauri, renews support for Kenyan boxing, backing local fighters and grassroots programs after six years away.
London’s High Court tossed out Paul Wanderi Ndungu’s fraud case over SportPesa shares and slapped him with a Sh375 million costs bill.
A viral blog thrusts SportPesa investor Asenath Wacera into view, reviving her early role as the widow of ex-Nairobi mayor Dick Wathika.
Kenya’s richest investors are battling in court for control of the SportPesa betting brand.
This initiative represents a significant stride toward contributing to Kenya’s comprehensive growth and prosperity.
Karauri emphasized that SportPesa is committed to the long-term development of rugby in Kenya.
Aside from his ownership interest in the SportPesa brand, Ndung’u owns a significant stake in Life Care Medics.
Ndung’u is a prominent Kenyan businessman and shareholder in Pevans East Africa.
The move follows a special resolution by Sportpesa CEO Ronald Karauri and other key stakeholders at Pevans East Africa.
Ndung’u and Asenath Wachera Maina each owned 17 and 21 percent of Pevans East Africa.
Sportpesa is a leading sports news and betting technology company.