Sporting Options\’ cash crisis depth

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