18-11-2004 Sporting Options' cash crisis depth

New information revelead by joint administrators admit that Sporting Options, in addition to losing Â£3.5m from its customers' betting accounts, had maxed out a Â£200,000 overdraft with creditors being owed Â£400,000 and more than 20 employees being owed two weeks wages. It further emerged that some customers are owed in excess of Â£100,000. Administrators declined to confirm over what the punters' money was used for.

Share it:

Delicious

Digg

^ Top

« Back

E-mail this to a friend

< Prev		Next >

Related News
20-06-2005 Unsecured creditors of Sporting Options will not get anything 22-11-2004 Sporting Options founder emerged as the biggest creditor 09-01-2005 Joint Administrators' report and proposals to creditors 19-11-2005 Sporting Options Administrator's Progress Report one year on 18-11-2004 Sporting Options financial black hole

Use of this website constitutes acceptance of our Terms of Service. Please read also our Privacy Policy.