Entain appoints activist investor Ricky Sandler to board

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Entain is a robust business with market-leading brands, a unique technology platform, and enviable positions in key geographies around the world Ricky Sandler Entain said last summer that it would buy STS Holding, a Polish sports-betting company, for around £750 million. While we can support the company pursuing seemingly rational acquisitions, funding them with highly undervalued equity is an empire building, shareholder value destroying strategy.” In the last year, Entain shares are down around a quarter, and chief executive Jette Nygaard-Andersen announced last month that she would leave the business. “We look forward to benefiting from his perspectives and expertise as we work to drive value for all Entain shareholders.” Mr Sandler said: “Entain is a robust business with market-leading brands, a unique technology platform, and enviable positions in key geographies around the world.