A court in London has ordered Kenyan businessman Paul Wanderi Ndung’u to pay a total of Sh374 million to his co-shareholders and directors in SportPesa Global Holdings Ltd (SGHL) after losing his legal challenge to restore his original 17 percent shareholding in the company.
The breakdown of the award requires Ndung’u to pay £548,000 (about Ksh.94.5 million) to SGHL and £1.6 million (about Ksh.275.9 million) to his former partners by January 9, 2026, with interest accruing if payment is delayed.
Ndung’u’s suit argued that his stake was unlawfully diluted to approximately 0.85 percent following three capital raises between 2019 and 2022 and sought reinstatement of his original holding plus damages and costs.
The court rejected restoration and other remedies, citing insufficient evidence that the board’s actions were unfairly prejudicial.
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The enforcement of the award can proceed in both UK and Kenyan courts, including potential asset seizure or auction if payment is not made.
