Foxy Bingo chairman to quit after £6m share sale

THE chairman of bookmaker GVC is stepping down amid investor fury after he sold a £6m stake. Lee Feldman ( right) will have left in time for the company’s annual meeting next year, insiders said. GVC owns Ladbrokes and Foxy Bingo – whose adverts have featured American actress Heather Graham ( left) since March 2017. Feldman, 51, stunned the market this month by flogging £ 6m of shares on the same day that chief executive Kenny Alexander offloaded stock worth £13.7m. The double whammy sent shares down 14pc in the worst oneday drop for GVC in nine years.

Boardroom pay has also raised eyebrows at GVC, with Feldman getting £16.2m in the past two years and Alexander £32.8m.

But sources claimed he is leaving because he has been in charge since 2008, breaching a corporate guideline saying chairmen shouldn’t serve for more than nine years.

The insiders said shareholders were told of Feldman’s likely departure in November last year.