Boylesports founder giving up CEO role, mulling deal for 100 UK betting shops

The founder of Irish bookmaker Boylesports plans to step down as CEO and name a replacement from within the family-owned business.

On Sunday, the Independent reported that Boylesports founder and CEO John Boyle intends to resign his chief executive role later this year and transition to a new role as chairman of the company. The 61-year-old Boyle, who has been CEO since 2012, said he was “ready to step back from the frontline.”

Boyle, who founded his company in 1982 by opening a betting shop in County Armagh, said he’d enjoyed handling the CEO’s responsibilities for the last five years but confessed that it’s “not my gig. My gig was retail and going out and finding stores.”

On that front, he’s been more than successful, having expanded the company’s Irish retail footprint by more than 10% in the previous six months, pushing Boylesports’ total Irish retail business to 231 shops.