Talk:Teddy Sagi

Camden Markets ownership and other inaccuracies

Hi – there are some inaccuracies in this article that need to be ironed out. Please note my COI – as stated on my user page I work for Bell Pottinger and Teddy Sagi is my client. I will also post on COIN. Thanks. HOgilvy (talk) 14:22, 14 May 2015 (UTC)

Intro

• “Businessman”: Strictly speaking, having founded a £2.2bn business Teddy Sagi is an entrepreneur, as in the infobox and as this FT source refers to him.

• It’s not accurate to describe Playtech as a ‘gambling corporation’; this Times source describes it as a “supplier of software to the gaming industry”, and its Wikipedia article describes it as a “gaming software development company”. I suggest using the same description as the one in its Wikipedia article.

• It’s also not strictly accurate to say he’s the owner of Camden Market – he’s the majority shareholder in Market Tech Holdings, the company that owns Camden Market.

• There should also be some mention that he’s the majority shareholder of two AIM-listed tech firms.

So I suggest for the lede:

Teddy Sagi (born 1972) is a London-based Israeli billionaire entrepreneur. He is the founder of Playtech, a gaming software development company, and the majority shareholder of Market Tech Holdings, which owns London's Camden Market. He is also the majority shareholder of two AIM-listed technology companies.

Career

• Third paragraph, penultimate word: That should just be “listed on AIM” rather than “listed on the AIM”.

• Fourth paragraph: The first sentence here isn’t supported by the source so again this needs to be more accurate, both in terms of the ownership and the real estate acquired. The sequence of events – as the Jewish Business News source, this Property Week article and this FT article show – was that Sagi bought the Camden Stables area of the markets as well as the Hawley Wharf site next to Regent’s Canal, and these were then brought under a newly created holding company, Market Tech Holdings (not Camden Market Holdings), which then floated on AIM in December. It’s now a unified 11-acre site and Market Tech Holdings also owns an e-commerce business, market.com, that allows the markets’ independent traders to trade on a single online platform. I would therefore propose for the fourth paragraph here:

In March 2014 Sagi bought the Camden Stables area of Camden Market and the Hawley Wharf site next to Regent’s Canal for US$664 million. In December that year he brought these assets under the ownership of the newly created Market Tech Holdings, which floated on AIM. Market Tech Holdings owns 11 acres of real estate in Camden as well as an e-commerce business that brings Camden Market’s independent traders onto one online platform. The company has continued to invest...etc.

• Fifth paragraph: The last sentence in this paragraph should say “Market Tech Holdings intends to invest…”

See below for the Property Week article (registration is required to view it online):

• On page 2 of their 2013 Annual Report and Accounts, Playtech claims to be "the world's largest gambling software and services supplier". I have updated the Playtech article. As for "entrepreneur", I will change the infobox. (more to come...) Edwardx (talk) 17:43, 14 May 2015 (UTC)

Thanks Edwardx – small tweak to the suggested para above, I didn't mean to say the final sentence shouldn't stay, that's all correct apart from its Market Tech Holdings not Sagi, so perhaps just 'The company has continued to invest...' HOgilvy (talk) 18:54, 14 May 2015 (UTC)

Updating English entry

As this entry is outdated I'm going to use the original Hebrew entry and translate the accurate updated information. As he's an Israeli businessman, I'm going to assume his Hebrew Wikipedia should be the source for translation and both entries should be the same as much as possible, according to Wikipedia guidelines for multi language entries. I can see @Edwardx is very active on this entry, reverting edits, so I ask to avoid just deleting edits that users put effort into. Thanks for the understanding! Legalife103 (talk) 15:10, 22 August 2017 (UTC)

Legalife103 (talk) 15:10, 22 August 2017 (UTC)

Hi EdwardX, I am writing to you from Media Zoo, the PR agency of Teddy Sagi’s Family Office

I am here to ask that Mr Sagi’s page is updated with the following:

1. Reference 21 to be removed: The Daily Mail, 18 April 2014 links to Best Sports betting software a website promising to give gamblers 100% winning bets. I am questioning whether this site is a reliable published source as it is in fact is a blog promoting its own betting software, using misleading and potentially harmful claims about its ability to predict the outcomes of sporting events.

Could you please consider removing this as the link does not pair up to the reference and on the basis that this is not a reliable, published source?

2. Reference 28 to be removed: "Teddy Sagi: Israeli billionaire bachelor who has just saved spread-betters Plus500 for £500m". Ibtimes.co.uk. 2 June 2015. Retrieved 28 April 2016. https://www.ibtimes.co.uk/teddy-sagi-israeli-billionaire-bachelor-who-has-just-saved-spread-betters-plus500-500m-1503926. This article does not make reference the statement in the page.

Could you please consider removing on the basis that this is not a reliable, published source?

Thank you, I look forward to your response. Isobelhanapr (talk) 12:01, 2 October 2018 (UTC)

"Exposed: The jailbird pornographer behind Britain's crack cocaine gambling machines", The Daily Mail, 18 April 2014

We have an IP editor who has removed all mention of this source, stating, "delted a refrence taken from the "way back machine" website - after it was deleted from it's original source - the daily mail, for being a defamation of sagi". As they have provided no evidence to support this claim, I will be reintroducing this reference. Edwardx (talk) 10:45, 26 April 2016 (UTC)

storage

Sagi announces Camden Market IPO 8 December 2014 | By Guy Montague-Jones In an ‘intention to list’ document, Sagi revealed this morning that he was looking to raise up to £100m in a float on AIM before the end of the year. Based on a company value of £750m, the fundraising represents 13% of the new company – to be called Market Tech Holdings. The new venture will combine the Camden Town real estate assets owned by Sagi and an e-commerce business called market.com that will bring the independent traders of Camden onto one online platform. The team assembled to run the new business includes former Netplay chief executive Charles Butler, who will be chief executive, and Mark Alper, who will be group property director. Other key figures include former DTZ corporate finance professional Andrew Bull, who will be chief finance officer, and ex-Tesco property director Neil Sachdev, who will be chairman. Proceeds from the fundraising will be used to develop the existing Hawley Wharf site into Camden Lock Village – a new site incorporating commercial and retail space alongside housing and a new primary school. It already has planning permission for a £300m redevelopment. Sagi, who is the biggest shareholder in casino software giant Playtech, has spent £500m buying up different parts of Camden market. This spring, he acquired Camden Stables in a £400m deal and then in October followed it up by acquiring Camden Lock. Jefferies, Berenburg and Shore Capital are joint stockbrokers to the IPO. .

Editors with a conflict of interest

If you are an editor with a conflict of interest, please do not edit this article directly. Instead, please make requests for changes at this talk page, preferably including references to independent, reliable sources. --Hobbes Goodyear (talk) 01:36, 3 September 2017 (UTC)

Hobbes Goodyear is right. We can't have editors with special interest just changing entries all the time just because they have something personal pro/against someone. Let's stick to the sources and try to be as neutral as possible. Thanks for clarifying it Hobbes. Legalife103 (talk) 12:41, 3 September 2017 (UTC)

Source of wealth

A SPA editor recently changed listing of sources of wealth in the lead paragraph,

from "...with interests in real estate, gambling software, payments processing, and digital advertising."

to "...with interests in real estate, Fintech, Ad tech, gambling software and eCommerce."

This editor added to existing ref a warmed-over press release, although the "Fields of business in the title of source" that editor says justifies the change are what the article claims are the intended uses of the cash raised by the company, not the sources of Sagi's current wealth. I prefer the earlier version as the language is more specific and less promotional. For these reasons, I intend to revert the language, but prefer a chance to discuss here before doing so. --Hobbes Goodyear (talk) 18:17, 3 September 2017 (UTC)

Agreed. Had already changed back one mention of "gaming" to "gambling". Edwardx (talk) 18:30, 3 September 2017 (UTC)

I wouldn't say He's a SPA account. You can go to the Hebrew Wiki and see his editing history (on the other hand he might be, I'm just saying he wrote few other entries). It's a part of a wiki project to translate Israeli entries to English (Wiki Israel: persons). Well, Globes is a really good reliable source in Israel (and among the few that publish English versions as well), and there are a lot of Hebrew sources as well, but readers wouldn't be able to read it so what's the point? I don't think there's a point in changing everything back and keep portraying everything in a negative light. Maybe there's a middle. BTW Mobile Advertising Platforms are called AdTech in the HighTech industry. and Edwardx - SafeCharge does have a sector for the gaming/gambling sector, but it also has 50+ other clients including Israel's national Air Line "El Al" for its payments and anti theft *financial* service. So where do we draw the line? do we edit by facts or opinions? I suggest "Real estate, High Tech, Payments, gambling platforms and advertising" I'm writing "high tech" as Forbes puts him #69 in "*Tech* Top 100 richest". (https://www.forbes.com/richest-in-tech/list/#tab:overall) just my 2 cents Legalife103 (talk) 06:06, 4 September 2017 (UTC)

Is certainly a SPA, on English WP. Not that familiar with Globes in general, but from what I've seen, their business coverage seems to have a cheerleading flavor, whether or not the promotion is actually paid for. For the specific change I intend, I'm not clear how this would be "portraying...in a negative light". Is "payments processing, and digital advertising" more negative than "High Tech, Payments...and advertising"? To me, it just seems more neutral and more specific--both good qualities for an encyclopedia--right? --Hobbes Goodyear (talk) 16:01, 4 September 2017 (UTC)

Ok. Seems fine. Although you don't see Bill Gates described as "operating system for PC" guy. And Elon Musk as "space solutions and electrical cars" guy. All I'm saying is we can't describe everything with such specifics and details in the intro. Another good quality for an encyclopedia is not being convoluted. Anyway I can look for other "non promotional" sources and suggest them later. Meanwhile I'm sure a great editor such as yourself can change it to something that will satisfy everyone (I really do appreciate your edits).

If you do change something, mind adding the appearance in Forbes Top 100 in tech as well? Cheers! Legalife103 (talk) 05:44, 5 September 2017 (UTC) Legalife103 (talk) 05:44, 5 September 2017 (UTC)

Reference queries

Hi, I am writing from Media Zoo, the PR agency for Teddy Sagi's Family Office.

I am here to ask that Mr Sagi’s page is updated with the following:

1. Reference 21 to be removed: The Daily Mail, 18 April 2014 links to Best Sports betting software a website promising to give gamblers 100% winning bets. I am questioning whether this site is a reliable published source as it is in fact is a blog promoting its own betting software, using misleading and potentially harmful claims about its ability to predict the outcomes of sporting events.

Could you please consider removing this as the link does not pair up to the reference and on the basis that this is not a reliable, published source?

2. Reference 28 to be removed: "Teddy Sagi: Israeli billionaire bachelor who has just saved spread-betters Plus500 for £500m". Ibtimes.co.uk. 2 June 2015. Retrieved 28 April 2016. https://www.ibtimes.co.uk/teddy-sagi-israeli-billionaire-bachelor-who-has-just-saved-spread-betters-plus500-500m-1503926. This article does not make reference the statement in the page.

Could you please consider removing on the basis that this is not a reliable, published source?

Please let me know when these changes will be able to be reviewed and updated.

Thanks IanBaileyMZ (talk) 10:18, 23 October 2018 (UTC)

21 June 2019 edit removing two sentences

OTRS agents see ticket:2019062110007051

I just removed two sentences from the article. Although the two sentences were followed by three references, there was a problem with each one of the references. The first of the three references claims it was a link to a Daily Mail article but the link itself goes to a gambling site, and at least for me, brought up no content. The second link goes to the Financial Times but the underlying material appears to have been removed from the Financial Times site. A check on the wayback machine identifies a few hits, but each of those is a page with information on how to sign up for a subscription. It's possible that material was there but removed. The third link brings up an article about the subject, but that article contains nothing relevant to the two sentences. Given that there are no extant references supporting the claim and the claim is negative, I removed it.S Philbrick(Talk) 23:29, 21 June 2019 (UTC)

Sphilbrick, there are plenty of other sources, such as this one from Globes, roughly the Israeli equivalent of the FT, Sagi's criminal past may have sunk Plus500 deal. Haaretz mentions the conviction, if not the prison sentence, Another Israeli Gambling Firm on the Way to London. We can only see part of this article in The Sunday Times, The tycoon, the watchdog and the high risk broker, but the first paragraph includes "former jailbird Israeli tech billionaire", and Google search results give us further article content "Teddy Sagi, who in his younger days went to prison for his part in a financial scandal". I cannot see the FT subscriber-only content either, but the Google search results give us some article content, "In 1996, he was convicted in Israel of fraud and bribery, for which his sentence included nine months' imprisonment".

I can see no good reason not to reinstate the content. With new citations, of course! Edwardx (talk) 21:37, 22 June 2019 (UTC)

As no one has responded to my detailed reply of June 2019, I shall be reinstating the content with improved sourcing, to replace the sources that are no longer easily accessible. Edwardx (talk) 00:36, 11 February 2020 (UTC)