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is he not obliged to sponsor as per terms of purchasing the tote. or has he found a way round that
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please please go odious is to nice a phrase when you talk about this man
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Could with a few more following him out the door.
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* could do with
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Does he walk or self-push?
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KCUF FFO NEHT YDLAB.
And take your casinos with you. ![]() |
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From the Daily Mirror, May 2015:
Betfred boss offers staff on minimum wage quick cash loans with 39.9% interest Ads for the loans, which do not reveal he is behind the firm, have been posted on BetFred’s staff intranet and on a Facebook site for gaming industry workers Shares Subscribe Getty Fred Done, Betfred Loans: Fred Done, Betfred Betting billionaire Fred Done is aiming for a jackpot by flogging high-interest loans to his own staff – most on the minimum wage. The BetFred founder is majority shareholder in a firm offering betting shop workers quick cash at 39.9% APR. Ads for the loans, which do not reveal he is behind the firm, have been posted on BetFred’s staff intranet and on a Facebook site for gaming industry workers. Customers who borrow £1,000 over one year end up paying £1,399 back. The adverts were removed from Facebook this week after an angry backlash from BetFred staff when they learned of Done’s role in the company. Bloomberg Betfred Loans: A Betfred shop It is understood the ads remain on BetFred’s staff website and on screens in the chain of more than 1,350 shops. A source said: “It’s shocking. Most BetFred staff are paid minimum wage to work 12-hour shifts and often have to put up with abuse from punters. “For the multi-millionaire owner of the company to be trying to sell them extortionate loans which could arguably make life worse for them is taking the mick.” Writing on the Facebook site I No Longer Fear Hell, I’ve Worked In A Betting Office, one employee said: “Whatever next? BetFred boss dishing out loans to his employees with an APR of 39.9 per cent. Disgraceful!!!!” Another wrote: “40 per cent APR for his own employees??!! I mean ffs. Just goes to show how low that company will go.” One post said: “How about you use the money you used to implement the idea and pay the staff properly. Getty Cheltenham Festival - Cheltenham Gold Cup Loan offer: Fred Done "No need for them to come looking for a quick hand-out then!” Done, 71, set up Golden Tree loan firm in 2009 and is a director. He also owns the Tote. A BetFred employee said: “There is a lot of ill-feeling about this. The adverts suddenly appeared on the staff internet site and on the CCTV. “At first, no-one had heard of Golden Tree but someone found out it was owned by Fred and word spread like wildfire. “It feels he’s trying to prey on the hardship of his workers. If anything, he should be offering preferential rates, not massively inflated ones. It stinks.” BetFred said: “We were worried that our staff might get into trouble by borrowing money off the likes of Wonga… The loans are a staff perk.” |
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Salt of the earth.
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A loathsome individual.
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That's shocking!
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"The loans are a staff perk.”
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The sale of the Tote to Done was a bit whiffy - he didn't have the money to buy it, so is paying in instalments - he couldn't guarantee to pay the Tote employees their pensions as per Tote conditions, and the Government (for some reason) refused to accept a management buy-out.
Of course the Tote Chief Executive took a handsomely paid role with Fred's new acquisition..... |
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What makes him think that not having his name polluting the Cheltenham Gold Cup is a bad thing for racing and punters, imo.
Bring back Peter McNeile and let him go after the corporate sponsors he foresaw - if racing grew a pair and stood behind Rust it will find there are lots of companies who'd love to sponsor these races, imho... |
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It could have all been so different
http://www.mirror.co.uk/news/uk-news/betfred-owner-fred-done-stabbed-2847808 |
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I've worked for two well known major companies who offered staff loans. Both were 0% interest on loans, repayments taken pro-rata from wages up to a maximum higher than the Bald coont is offering. The way this 'individual' (won't call him a man as he is a renowned coward) treats his staff, racing and punters with such a lack of respect and utter contempt is absolutely disgusting and deserves retribution. Don't let him walk away, make him go away, NOW! I for one would love it if everything he has is taken away and if not he suffers a fate that will not allow him to enjoy his ill gotten gains...
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Went right offf the **** when he scrapped the ten to follow.
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A despicable individual....
for a Manc he's rancid *ank ! |
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Is that the same sweet old man that was on the morning line a few months ago?
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We should all boycott the shops and course outlets - it's not as though there are no alternatives
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A despicable individual. This outrage needs to be broadcast on a national scale. No let up until he is forced to scuttle away.
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C**tfred.
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What is particularly sad to see, is that perhaps Fred is correct, he may not now need horse racing.
However, when he started with nothing it was all about horse racing. This is the sport that has made him a near billionaire. Now racing needs another £3 million a year from him and he feels he can just walk away. Where is the gratitude? If I had made my fortune on the back of something, I would like to think I would do my best to thank and reward that thing. |
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I'm sure some of the staff manage to rip the fredbet off by fiddling, good luck to them. It always amazes me when people who work for companies always say "we" when talking about them, they haven't cottoned on they are only a number to the bosses who will think nothing of getting rid of them if they wanted.
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Slightly of topic but went into one of his shops the other day and found the staff to be just as pompous arrogant etc etc.Went in to place a reasonably sized bet(hopefully) needed to use the toilet and was promptly told toilets are for regular paying customers only lol i was the only person in the shop lol took my business elsewhere never never again will i enter a place or use any product he is involved with.
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I would have gone into the toilet anyway, what are they going to do to you, Drag you out mid-p1ss?
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Like the ads says..........When the fun stops.............STOP!
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They need the toilets for the junkies to shoot up in in between their 30p rv f/casts you eejits - have a heart lads.
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Andrew in Sweden 28 Nov 15 05:35
We should all boycott the shops and course outlets - it's not as though there are no alternatives But if he suddenly decided to end all restrictions most on here will queue up to give him their business. ![]() |
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"Writing on the Facebook site I No Longer Fear Hell, I’ve Worked In A Betting Office, one employee said: “Whatever next? BetFred boss dishing out loans to his employees with an APR of 39.9 per cent. Disgraceful!!!!”
whats next is subsidised opium smoothies from Fred's Golden Triangle Holdings ltd - (introductory offer valid for 6 months. full price thereafter). That'll give the 'loans' busines all the core customers it needs. And once the monster has bled you dry he'll take your women and children - because you'll give them up to get the really big doses of heroin you'll be needing by then. |
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I wouldn't take a sh*t in a Beftred.
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If I had made my fortune on the back of something, I would like to think I would do my best to thank and reward that thing.
Excellent post from Swardean. |
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Has he sacked all the girls in the call centre?.....I am on the phone for 5 minutes before anybody answers......Never again, i will go elsewhere.
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He is closing the Wigan Call Centre -
- which - coincidentally - is the old TOTE Headquarters. |
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A Bleak Day For Racing when he bought The Tote.
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bought could think of a few more appropriate words
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What is particularly sad to see, is that perhaps Fred is correct, he may not now need horse racing.
However, when he started with nothing it was all about horse racing. This is the sport that has made him a near billionaire. Now racing needs another £3 million a year from him and he feels he can just walk away. Where is the gratitude? If I had made my fortune on the back of something, I would like to think I would do my best to thank and reward that thing sounds similar to this place and the PC charge imo |
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Some people don't have a conscience or an ability to empathise.
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Sad day for the Tote when he bought it. Should have sorted it's self out internally got rid of all the hangers-on and political appointees, could have reinvested all the profits back into racing. It could have been a shining example of a state run business.
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Add to that list the contemptible Philip Davies MP. eaternaloptimist, who took over £10K in benefits from a company owned by Fred's brother and then argued for less restriction on FOBTs in parliament, imo...
http://www.theguardian.com/uk/2012/dec/25/tory-mp-benefits-gambling-industry |