The OnlyFans millionaire backing an attempt to take on British Airways

A co-founder of OnlyFans is backing an airline startup that wants to rival British Airways. Tom Stokely, a member of the Essex family that launched the adult subscription site, has emerged on the board of Global Airlines – a new carrier hoping to offer flights from London Gatwick to New York and Los Angeles. Stokely, his brother Tim and father, Guy, set up OnlyFans in 2016. The subscription website, which is known for hosting adult content, saw explosive growth during the pandemic. The Stokelys sold off a majority stake to US-based porn baron Leonid Radvinsky in 2019 for an undisclosed price. OnlyFans made a profit of GBP36m on subscription revenues of GBP1.7b in the year of the sale. During his time at OnlyFans, Tom Stokely served as the platform’s COO. The money he made from the site has since allowed Stokely to acquire shares in Global Airlines. The business was founded three years ago by James Asquith, a former banker who broke the Guinness World record as the youngest person to fly to all 196 sovereign nations. Stokely is also a former banker and first crossed paths with Asquith last year when he joined the advisory board of his travel business, Holiday Swap. At the time of his appointment, Holiday Swap – an app that lets homeowners around the world rent each others’ properties – hailed Stokely as a “skilful businessman” who had previously worked at a “major company” as COO. OnlyFans was not mentioned. Unlike his brother, Tim, who has flaunted his wealth on social media, Tom has largely kept a low profile. His role at Global Airlines has emerged as the start-up prepares to mount what many see as an audacious attempt to rival established carriers. Flights from London to New York would put the carrier in direct competition with British Airways and Virgin Atlantic, which dominate the route. Story has more.<br/>
The Telegraph
https://www.stuff.co.nz/travel/news/301039714/the-onlyfans-millionaire-backing-an-attempt-to-take-on-british-airways
1/15/24