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Court Orders Football Index to Repay Customers £3.2m

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Court Orders Football Index to Repay Customers £3.2m Court Orders Football Index to Repay Customers £3.2m

Court Orders Football Index to Repay Customers £3.2m




Defunct soccer gambling site Football Index announced Tuesday that the UK High Court has handed down an order that will allow many of the site?s customers to find financial relief. Football Index is required to reimburse its customers £3.2m ($4.5m). The judge ruled that administration (essentially bankruptcy) began on March 26, 2021, so customers who…
The post Court Orders Football Index to Repay Customers £3.2m appeared first on Poker News Daily.

Defunct soccer gambling site Football Index announced Tuesday that the UK High Court has handed down an order that will allow many of the site?s customers to find financial relief. Football Index is required to reimburse its customers £3.2m ($4.5m).

The judge ruled that administration (essentially bankruptcy) began on March 26, 2021, so customers who do receive payments from the prescribed lot will have access to funds in their accounts up until this date.
Football Index was a very popular soccer betting site, but rather than placing traditional wagers, customers bought and sold shares in individual athletes. In essence, it was a soccer player stock exchange. You could buy shares in players directly from Football Index, or from other users on the marketplace. Buy at one price and sell at a higher price and you have made a profit.

Where there was really money to be made for customers, though, was in the dividends. Football Index paid as much as 14p per day per player share depending on how the soccer player performed ...
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Court Orders Football Index to Repay Customers £3.2m Court Orders Football Index to Repay Customers £3.2m

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News source: Poker News Daily
Publication date: 10-06-2021 16:15
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