Nigel Payne, aged 61, is the former CEO of FTSE “101” Listed Sportingbet Plc, one of the largest Internet gambling businesses in the world. Nigel joined Sportingbet in May 2000 as Group Finance Director and was promoted to Group Chief Executive in October 2001.
Nigel steered the Company through three fundraisings, its initial listing on AIM, the acquisition of five major businesses across several countries (the USA, Australia, Central America and the UK) and the transformation of Sportingbet from a company with a market capitalisation of £60m in 2001 to £2.8bn in 2006 when he stood down as the CEO.
Nigel’s hobbies include mountain climbing, cycling, Formula 1 Motor Racing, table tennis, eating the very best food and drinking fine wines. A former international table tennis player, in recent years Nigel has successfully completed his fourth successful ascent of Mount Kilimanjaro, as well as a 1,000 mile bike ride from London to Monte Carlo, a 600-mile bike ride from north to south Portugal and a descent and ascent of the Grand Canyon – raising just over £1m for charity in the process.
Nigel says, “I’m extremely excited to play my part in helping such a unique and exciting venture that is OMMG. A real paradigm shift in corporate dynamics and a privilege to be part of.”
On Nigels appointment, OMMG founder Feisal Nahaboo said; “I’m truly inspired by Nigel’s business achievements. His imminent OMMG non-executive director (NED) appointment is a massive boost to our OMMG boardroom as we benefit from his experience in taking Sportingbet from £60m FTSE market listing to a £2.8bn valuation in record time.
As a former FTSE101 CEO and FD, he adds immense credibility, recognition and reputation as we plan a worldwide roll-out of the Overnight Multiple Merger Model (OMMM). I’m privileged to have founded Xeinadin and Alitam, a 122-strong independent accountancy firm and 200+ pharmacy store overnight mergers. However, to date I’ve restricted the OMMG model to the UK and Ireland jurisdictions. Nigel launched Sportingbet across almost 200 countries worldwide and his early inclusion in the OMMG drive will maximise the group’s expertise to evolve this futuristic business model worldwide. This model is best rolled out in saturated industries lacking consolidation and is effective in any country worldwide.
Importantly, Nigel is a very likeable character. He is down to earth, grounded and speaks a simple but inspiring language that will rally many others into action. There’s a reason he has been so successful and it’s a pleasure we have the opportunity to be guided and supported by him.”
