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Premier League brothers' parents give £7.5m Arbuckles firm to staff | Premier League brothers' parents give £7.5m Arbuckles firm to staff |
(about 2 hours later) | |
The parents of twin Premier League footballers have signed a deal to give their £7.5m business away to staff. | The parents of twin Premier League footballers have signed a deal to give their £7.5m business away to staff. |
John and Maxine Murphy are handing over their Arbuckles restaurant in Norfolk and Cambridgeshire, as reported in the Eastern Daily Press. | |
The parents of Cardiff City's Josh Murphy and Newcastle United's Jacob said it was their "proudest moment". | The parents of Cardiff City's Josh Murphy and Newcastle United's Jacob said it was their "proudest moment". |
The couple told their 120 staff a trust was being set up to transfer ownership to them. | |
Mr and Mrs Murphy, who have ran the businesses for 10 years and are semi-retiring, said they have set up an employee ownership trust to which they have sold all of their shares. | |
They said from future profits over the next five years, the workers will be able to buy out the remainder and will fully own 100% of the company, which has restaurants in Downham Market and Ely. | They said from future profits over the next five years, the workers will be able to buy out the remainder and will fully own 100% of the company, which has restaurants in Downham Market and Ely. |
Mr Murphy said: "When people ask us what is the secret to our success, the first answer is always the people. | Mr Murphy said: "When people ask us what is the secret to our success, the first answer is always the people. |
"Everyone we've employed, from 12 to over 120 over the years, they are the family, they are everything we stand for. | "Everyone we've employed, from 12 to over 120 over the years, they are the family, they are everything we stand for. |
"This is our way of saying to the staff 'you've stuck with us, you've been fabulous employees, now this is your little bit of luck'." | "This is our way of saying to the staff 'you've stuck with us, you've been fabulous employees, now this is your little bit of luck'." |
Hannah Bates, general manager of the Downham Market restaurant, said for Mr and Mrs Murphy "to do that for everybody and to think of everybody's futures is incredible". | |
She said: "Everybody will make it a success." | |
Waiter Jack Langford said it was "exciting" and "gives us something to get our teeth into". | |
Mr and Mrs Murphy's 23-year-old sons went through the Norwich City academy and first team. | Mr and Mrs Murphy's 23-year-old sons went through the Norwich City academy and first team. |
Jacob now plays as a winger for Newcastle United while Josh is also on the wing at Cardiff City. | Jacob now plays as a winger for Newcastle United while Josh is also on the wing at Cardiff City. |
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