Sports Spread payment issues

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tg5321

tg5321

Joined
Dec 23, 2013
Messages
11
Sports spread in Ireland owe me in excess of £7000. First withdrawal was "accepted" at the end of August and nothing has been paid. Numerous phone calls are batted off by unhelpful staff with all kinds of bizarre excuses. Brian O'Neill who apparently is the only person who can authorise payments occasionally replies to emails with assurances of funds coming through, payment will be made, bare with me etc but then disappears for 3 weeks.

One email did say they had a backlog of 12-15 people they owed money too which would correlate with a few other threads online. Has anyone actually got paid by them in the last few months or taken any further action?
 

quincunx

quincunx

Joined
Nov 20, 2012
Messages
678
I'd never heard of Sports spread in Ireland.In the UK,spreadbetting firms are answerable to a financial authority and have to post a bond.It might be worth checking whether that is true in Ireland,too.If it is,you could threaten to complain to them,and actually do it if there is no response.
 

ThePrisoner

ThePrisoner

Joined
Oct 29, 2013
Messages
96
Just get your wihdrawl request in when you can. I did receive small payments a couple of times but when I requested a big withdrawl I didn't get it. Others in the same position all seem to be waiting for £1k+.
 

fosterk87

fosterk87

Joined
Jan 6, 2014
Messages
9
I have placed the request all ready but dont seem to be currently getting anywhere fast, it seems very strange that thier phones have been down 3 days.

Have you had any joy down the legal route?

When you say small what amounts are we talking less than 500?
 

ffm

ffm

Joined
Jan 18, 2014
Messages
4
Hi Fosterk87

May I ask when you requested the withdrawal and when they wanted to process it?

I too made an withdrawal request some days ago but haven't heard back.
 

tg5321

tg5321

Joined
Dec 23, 2013
Messages
11
Appears they paid me £1000 towards the end of last month, still over £6000 outstanding. Rang up the other day and spoke to a particularly unhelpful,rude individual in accounts who hid behind the line Brian O Neill is dealing with this and he couldnt do anything.O neill is never available and appears to have now stopped responding to emails. I'm currently looking at other options.

I find it absolutely incredible that this company continues to trade.
 

fosterk87

fosterk87

Joined
Jan 6, 2014
Messages
9
I requested on 6th Jan was supposed to be in my account this Friday just gone as suprise suprise it is not there.

I am waiting for a call from them at the moment and I will let you know about my progress.

Keep me posted on your progress with this guys
 

tg5321

tg5321

Joined
Dec 23, 2013
Messages
11
Was looking at getting some professional debt collectors involved to start with.

A couple of things I'm not sure about are if it's better to use a Dublin based one, and secondly are they not paying because they simply have cashflow/money problems or just because they have no intention of doing so?

Let me know if you hear anything useful back.
 

abyajdm

abyajdm

Joined
Feb 7, 2014
Messages
1
This "company" owe me about £2.5k and I have met with the same nonsense that other seem to have experienced.

I have looked into the matter and it does not appear that SportsSpread are regulated by anyone in Ireland. I have contacted the Irish Revenue Commission, who apparently might be able to help. I am waiting to hear back from them.

Unfortunately it does appear to be the case that gambling debts are unenforceable in Ireland (there is new legislation coming in to rectify this). I was told this by Brian O Neil, and have confirmed this, who essentially said we don't legally owe you any money so tough luck.

I will let people know if I discover more, but I would not hold out any high hopes, they are clearly insolvent and it seems likely the whole company is a fraud.
 

tg5321

tg5321

Joined
Dec 23, 2013
Messages
11
Anyone got any further with this?
I'm not getting any joy with any debt collectors/solicitors etc in Dublin probably for the reasons outlined above.
If we cant get our money the least we should do is try and get O'Neil completely out of business so no one else can get screwed over.
 
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