Flutter Entertainment Powerplay: Unprecedented Share Buyback Ignites Speculation

In a market-twisting turn of events worthy of a page-turner, Flutter Entertainment has set tongues wagging with a power play of historic proportions. On April 16, 2025, Flutter Entertainment completed a swooping acquisition of its own ordinary shares through its broker, Goldman Sachs & Co. LLC. The shares bought have been duly cancelled.

This truly sensational move comes as part of Flutter’s bold $300 million share buyback initiative, which was first announced on March 5, 2025, and forms a significant phase of Flutter’s intent to buy back a staggering $5 billion worth of shares, a masterstroke revealed on September 25, 2024. Goldman Sachs & Co. LLC brokered these seismic transactions.

Upon settlement of these transactions and subsequent cancellation of the acquired shares, Flutter’s portfolio will teem with 176,728,866 Ordinary Shares. The meticulous intricacies of the trades, a culmination of planning and skilful negotiation, is subject to detailed examination under Article 5(1)(b) of Regulation (EU) No 596/2014 (the Market Abuse Regulation), and the Commission Delegated Regulation (EU) 2016/1052.

With Flutter Entertainment’s courage and conviction on full display and the landscape of the market subtly altered, it’s clear to every market-watcher that this is one butterfly effect they didn’t see coming.