- Punters unable to deposit or withdraw as administration looms
- Collapse of business would be biggest in British betting history
Football Index, the self-styled “football stock market”, appeared to be heading into administration on Thursday evening, five days after a massive crash on its market that left its customers with tens of millions of pounds trapped in its platform. If the business collapses, it will be the biggest failure of any British betting company, possibly leaving individual customers facing potential losses of £200,000 or more.
A statement posted on the Football Index website on Thursday evening said that “after a difficult and challenging week” for its users, a decision had been taken “to suspend the platform”.
