Stoke Holding

Stoke Holding

Stoke Holding SA is a company created in 1999 headed by Icelandic businessman Magnus Kristinsson. The company is based in Luxembourg, and financed by an Icelandic bank.

The company purchased 70% of the shares in Stoke City Football Club from Peter Coates in 1999 for a fee of £3.5m. 10% of these shares were then sold to businessman Phil Rawlins.

On May 5th 2006, the company decided to sell their shares in the club back to Peter Coates for £1.7 million [http://www.bbc.co.uk/stoke/content/articles/2006/05/26/local_tv_archive_coates_back_at_stoke_city_0506_feature.shtml] .


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