The Athletic published a lengthy account this week on the struggles of the company likened to a 'Ponzi scheme'. The Football Index crash: ‘More akin to a Ponzi scheme than a betting platform’ By Joey D'Urso 5h ago 64 “Let’s catch up now with the latest from Football Index,” said talkSPORT host Jim White in a regular sponsored slot on his radio show throughout 2019. (The Athletic has sponsored the Football Index Guide podcast since February 2020, which had an “affiliate link” with Football Index until last week, while adverts for the company have appeared on The Totally Football Show, too.). We are preparing this through an administration with insolvency practitioners Begbies Traynor, to seek the best outcome for customers with the goal of continuing the platform in a restructured form. (The Athletic has sponsored the Football Index Guide podcast since February 2020, which had an “affiliate link” with Football Index until last … Although he is only a sophomore, the Bedford, Nova Scotia native has already left an indelible mark on the White and Blue – on and off the field. Football Index, founded by Adam Cole, is a UK-licensed and regulated gambling platform that allows customers to gamble on both the future success of football players and the rules of the platform itself. PARADISE ELEMENTARY SCHOOL. So you have access to peoples portfolios - and please direct me to one player that has anything other than a £1 spread. This decision was made with reference to the 2005 Gambling Act which regulates the industry. HELEN WILCOX ELEMENTARY-PALERMO “We have made it clear to the operator that as the investigation progresses, we expect it to focus on treating consumers fairly and keeping them fully informed of any developments which impact them. The Athletic published a lengthy account this week on the struggles of the company likened to a 'Ponzi scheme'.. Football Index is a real money virtual stockmarket licensed and regulated by the Jersey Gambling Commission and the UK Gambling Commission. The PAI score is customized for each position and verified with data from more than 30,000 Division I players. Tracking Football’s proprietary Player Athletic Index ® is an objective and easy to read athletic rating that indicates Division I football athleticism. Tackling athletics and academics January 15, 2021 Will Chapman is the consummate student-athlete; he tackles athletics and academics with equal ferocity, which has helped make him a highly-regarded member of the StFX X-Men football program. The official athletics website for the University of Saskatchewan Huskies It occupies a vacant space between sports betting and financial trading, with individual trading portfolios ranging in size from £10 (USD 14) to £100,000 (USD 140,000). Why do players have value? The Football Index crash: ‘More akin to a Ponzi scheme than a betting platform’ By Joey D'Urso Mar 9, 2021 226 “Let’s catch up now with the latest from Football Index,” said talkSPORT host Jim White in a regular sponsored slot on his radio show throughout 2019. The Athletic published a lengthy account this week on the struggles of the company likened to a ‘Ponzi scheme’. Feb 3. Last week the company announced big changes which meant the share price crashed, meaning users lost big sums of money, some in the tens of thousands. Hudson Valley Community College student-athletes have 18 intercollegiate athletic programs, nine for men and nine for women, from which to choose. Company employee spreading liesI think! Many are also pointing the finger at the world of football, which carried Football Index ads so prominently for so long. Many fans are angry at the company's leadership which gave repeated assurances of good financial health. N. NewUser708636 last edited by @Karl @Karl Really - how do you know that? A government review is currently looking at updating the country’s laws, which critics say are not up to speed with the digital age. Every story that matters on every team you follow. As users’ portfolios crashed, many had been weighing up whether to pull their money out at a huge loss, or to hang on and hope the market improves. This topic has been deleted. Football fans in Sweden and Canada can now … 37 . The Athletic has taken a look at the recent issues with Football Index. Users buy ‘shares’ in footballers and can sell them on at a profit (or if you’re unfortunate, a loss!). As part of this process, the site’s trading platform will be suspended and no trading, deposits or withdrawals will be possible. Footballers’ FPL teams are potentially very valuable sources of information — and not just to opposition coaches. The statement acknowledged that the dividend changes have “not been well received” and so the company is pursuing a “restructuring”. The Athletic Helping Out. (Photo: Bradley Collyer/PA Images via Getty Images), National League North and South plan to play season in hybrid league rejected, Rangers apologise to victims of child abuse in Scottish football, David de Gea back in Manchester but could miss West Ham game, Everton midfielder Abdoulaye Doucoure at risk of missing rest of season, Former Liverpool winger Mark Gonzalez, 36, recovering after heart attack, Chelsea draw Wolfsburg, Man City to face Barcelona in Women’s Champions League, Latest Premier League injury news ahead of FPL gameweek 28, Chris Wilder set to leave Sheffield United, Team GB slammed for ‘thoughtless’ timing and leaving player in tears before game. A QPR statement released on Friday said the change was "effective immediately," with CEO Leo Hoos saying: "As a football club we entered into a one-year agreement with Football Index in good faith. The release says the commission “had concerns activities may have been carried on in purported reliance on the licence, but not in accordance with a condition of the licence, and that Football Index may not be suitable to carry on with licensed activities.”. Plenty. This decision was made with reference to the 2005 Gambling Act which regulates the industry. Football Index users are desperate to find out whether the administration proceedings may be able to put the company on a surer short term footing so they can recover their (massively devalued) deposits. Well Football Index have payouts called dividends, and they’re divided into three categories: Performance, Media and In Play “A hugely popular stockmarket for football players. The company announced that it was entering administration, “consulted with external legal and financial advisors, and the UK and Jersey Gambling Commissions. The Athletic has spoken to several users who invested vast sums of money or even took out loans, or incurred credit card debt, to put into Football Index. The UK Gambling Commission, the public body which regulates the country's gambling industry, has suspended the licence of Football Index, a "virtual stockmarket" which has come under increasing fire after a week of chaos. It is now in administration and its operating licence is suspended. The company offers trading on … “The Gambling Commission will not comment any further whilst this investigation is ongoing.”. The official athletics website for the University of Waterloo Warriors Football INDEX is a hybrid between a financial and football product. This announcement has made the decision for them in the short term. Unrivaled sports coverage across every team you care about and every league you follow. Plenty. What is Football Index? Football INDEX expands sports betting in Sweden and Canada. “The restructure could involve equity in BetIndex Limited being distributed to customers, board representation for customers, and a new management team put in place, along with other initiatives.”. Chance Nolan scored the go-ahead touchdown against Oregon to give the Beavers the lead with 33 seconds remaining in the game. Terms & Conditions FootballIndex can be challenging, scary and incredibly confusing when users first set up accounts. The statement added: “We are pursuing a restructuring arrangement to be agreed with our stakeholders including, most importantly, our community. It offers trading on “shares” in virtual footballers, with the prospect of making money if players rise in value or earn “dividends”. BOYS & GIRLS CLUBS OF NORTH VALLEY- PARADISE COOKOFF. The statement acknowledged that the dividend changes have “not been well received” and so the company is pursuing a “restructuring”. Every story that matters on every team you follow. Dividends are calculated based on player performance on match days, and their presence … The company announced on Thursday that it was entering administration and had “consulted with external legal and financial advisors, and the UK and Jersey Gambling Commissions." 2020-21 Football Season Preview. Join now to receive first access to our EXCLUSIVE reports and updates. This fast-developing story also raises very big questions for the UK Gambling Commission and Department for Culture and Media and Sport. Acadia Athletics celebrates 117 Academic All-Canadians December 1, 2020 Twitter Facebook A virtual celebration of 117 U SPORTS Academic All-Canadians took place on Nov. 26 on AUStv.ca Football Index is the place to buy and sell Shares in footballers for real money. Only users with topic management privileges can see it. On social media the company and two clubs had joked about the "Index Classico", a game in September when QPR beat Forest 2-0. The UK Gambling Commission, and Department for Culture, Media and Sport, also has very serious questions to answer about why the product was licenced in the first place, and why it did not respond earlier to complaints from users. It is unclear when the company realised things were going so badly wrong, and if it was honest about it, with users and investors. The company also gave repeated assurances about its financial health, before giving wildly contradictory statements about long-running difficulties in recent days. Customers place fixed-odds bets for the chance to win daily payouts - more commonly referred to as Dividends. The Anderson University football team kicks off the season against Franklin College during Saturday’s Heartland Collegiate Athletic Conference (HCAC) matchup at 1:30 p.m. in Franklin. Very simply Football Index is an exchange where traders can buy and sell footballers. They play each other on April 5th, in a fixture that Football Index billed as the “Index Classico” back in September. They were ubiquitous on TalkSPORT and Sky Sports, and even on black cabs and the London Underground. Lancer Football. SHOW MORE. What is Football Index? Football INDEX, the world’s first football stockmarket which enables ‘football traders’ to buy and sell real money shares in the world’s top professional footballers, has announced its expansion into Sweden and Canada. The company announced that it was entering administration, saying the product had a “guaranteed yield”, encouraging fans to take on credit card debt to put into the site. When will domestic rights go out to tender, who will bid for them and what could the league do to keep the numbers high? Elementary School 623 Willowbrook Road Columbus, MS 39705 662.327.1556 High School 625 Magnolia Lane Columbus, MS 39705 662.327.5272. What have Football Index said? San Joaquin Delta College 5151 Pacific Avenue Stockton, California 95201 (209) 954-5151 The San Joaquin Delta College Athletics Department is not responsible for and does not endorse any website representing San Joaquin Delta College Athletics, that is not linked to the Official Website of San Joaquin Delta College Athletics web page. “Football Index can be contacted via their website and as part of our review we continue to work closely with colleagues from the Jersey Gambling Commission. The Butte College Football Program is proud to serve its local communities with various charitable activities and events. The company had become ubiquitous in the world of football with adverts on podcasts, TV and even on QPR and Nottingham Forest shirts. As users’ portfolios crashed, many had been weighing up whether to pull their money out at a huge loss, or to hang on and hope the market improves. "In light of recent events, the front property of QPR's home and away strips will no longer sport the Football Index logo.". Helping guide traders on Football Index, the world's first Football Stockmarket. The official Football page for Heartland Collegiate Athletic Conference The suspension of withdrawals is of huge concern to users who have thousands of pounds trapped in the platform. Football writing you can feel. Queens Park Rangers and Nottingham Forest have ditched the company Football Index as their front of shirt sponsor, after a week of chaos which has seen the website put in administration and its gambling licence removed. Get breaking news, powerful stories and smart analysis, all advert-free. On social media the company and two clubs had joked about the "Index Classico". The release says the commission “had concerns activities may have been carried on in purported reliance on the licence, but not in accordance with a condition of the licence, and that Football Index may not be suitable to carry on with licensed activities.”. QPR's Championship rivals Nottingham Forest have not released a statement but The Athletic can reveal they will be removed from the club's red shirts. HERITAGE ACADEMY. Damning evidence has emerged in recent days of the company’s leadership saying the product had a “guaranteed yield” and even encouraging fans to take on credit card debt to put into the site. 1801 NW 80th Boulevard | Gainesville, FL 32606 352.372.9551. On Friday morning the Gambling Commission put out a press release announcing its decision to suspend the operating licence of BetIndex Ltd, the Jersey-based company which holds the licence for Football Index. It was marketed as an alternative to conventional gambling, with fans able to make money from their footballing knowledge. This leaves many customers with large sums of money trapped in the platform. The Athletic's team of college football reporters provide analysis on the key developments on national signing day. The official Football page for Southern Athletic Association Capital University Capital COVID-19 Information NCAA Division III NCAA COVID-19 Resources Ohio Athletic Conference D3sports.com Sport Navigation Menu Football … The decision was taken to suspend the platform, with no trading, or deposits or withdrawals, possible. The football program was back in the news on Friday night as a former Gaucho made one of the more significant plays in Oregon State University football history in their rivalry game with the University of Oregon. The upcoming gambling review will also surely take a close look at this sorry saga, which does not reflect well on the government or the regulator. The Athletic College Football Staff . COVID-19's cost to the Premier League has led clubs including Arsenal, Spurs, Leicester and more to seek significant loans, Brady, Bucs agree to extension to keep QB in Tampa Bay through 2022: Source, Caris LeVert to make Pacers debut vs. Suns following surgery: Source, G League completes investigation into Lin's claim he was called 'coronavirus', Virginia men's basketball ACC semifinal canceled after positive COVID-19 test, Patriots to re-sign Cam Newton to 1-year, $14 million deal: Source, Nick Markakis retires after 15 MLB seasons with Orioles, Braves, Manchester United co-chairman Avram Glazer could net $100m from selling shares, Stephen Curry shows emotions on sidelines during blowout loss to Clippers. The Athletic published a lengthy account this week on the struggles of the company likened to a 'Ponzi scheme'.. A government review is currently looking at updating the country’s laws, which critics say are not up to speed with the digital age. It clearly stated that no withdrawals will be possible until further notice. BOYS & GIRLS CLUBS OF NORTH VALLEY-OROVILLE FOOD TRUCK CHALLENGE. The Athletic has taken a look at the recent issues with Football Index. The company offers trading on … The official Football page for the SFU Athletics Simon Fraser Clan Many UK consumers have lost vast sums of money in what was frequently marketed as an investment product, and a virtual stock market, rather than a conventional gambling product. QPR and Nottingham Forest have not yet announced any change to their shirt sponsorships. Athletic Bilbao forward Inaki Williams said he was "sad" after suffering alleged racist abuse from a rival set of fans during a Spanish league match. Staff: Roster: 99 Schecule: Stats: Lockers: Records: Recruiting Form . Join the betting rebellion, become a football stockmarket trader. The Athletic has spoken to numerous users who have lost vast sums of money, leading to financial and mental distress. Coach Mike Morencie can be contacted by: (519-253-4232)ext.2462 or by e-mail morenc@delta.uwindsor.ca . Football news you can trust. The decision has been made to suspend the platform”. Get breaking news, powerful stories and smart analysis, all ad-free. Last week the company announced big changes which meant the share price crashed, meaning users lost big sums of money, some in the tens of thousands. On Friday morning the Gambling Commission put out a statement announcing its decision to suspend the operating licence of BetIndex Ltd, the Jersey-based company which holds the licence for Football Index. The company offers trading on “shares” in virtual footballers, with the prospect of making money if players rise in value or earn “dividends”.
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