Football Index

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Montag
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Re: Football Index

Post by Montag » Tue Mar 16, 2021 8:03 pm

Anyone remember which club was first to have a shirt sponsor? Not a thing I've ever liked.
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DroopStreetOldBoys
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Re: Football Index

Post by DroopStreetOldBoys » Tue Mar 16, 2021 10:47 pm

Montag wrote:
Tue Mar 16, 2021 8:03 pm
Anyone remember which club was first to have a shirt sponsor? Not a thing I've ever liked.
https://footballpink.net/2018-10-22-a-b ... onsorship/

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Systemsguy
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Re: Football Index

Post by Systemsguy » Tue Mar 16, 2021 11:25 pm

Andy_N19 wrote:
Tue Mar 16, 2021 6:25 pm
More here, sure Ilias in the pic had nothing to do with it though :)

https://www.bbc.co.uk/news/business-56401707

Interesting that even financial commentators mention QPR above Forest
in being associated with Football Index, from a purely selfish to Rangers point of
view we still have a fairly high profile which is good.
Find it funny how a twice European Cup winner has fallen so far that a penny ante West London club gets all the glamour shots over the Football Index scandal
2020/2021.... Keep Calm, no matter the season, we'll follow our team.....

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Lee Gib
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Re: Football Index

Post by Lee Gib » Wed Mar 17, 2021 1:10 pm

Andy_N19 wrote:
Tue Mar 16, 2021 6:25 pm
More here, sure Ilias in the pic had nothing to do with it though :)

https://www.bbc.co.uk/news/business-56401707

Interesting that even financial commentators mention QPR above Forest
in being associated with Football Index, from a purely selfish to Rangers point of
view we still have a fairly high profile which is good.
I don't know about that. Perhaps the media just see the QPR brand as one more synonymous with financial irregularities.

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SM
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Re: Football Index

Post by SM » Sun Mar 21, 2021 9:26 pm

Virginia_R wrote:
Mon Mar 15, 2021 9:31 am
SM wrote:
Sun Mar 14, 2021 11:56 pm
It’s a real shame, the concept of this business was superb.

No idea what’s led to them going into admin, but it was a good platform for football fans over the last few years.
Are you joking? It was a Ponzi scheme, pure and simple.
Did you ever use it or see any of the gains that some people made on it?

I can’t speak for the last few months, but for the years that it did run I saw plenty of people make a lot of money on it...
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UxbridgeR
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Re: Football Index

Post by UxbridgeR » Mon Mar 22, 2021 8:15 am

SM wrote:
Sun Mar 21, 2021 9:26 pm
Virginia_R wrote:
Mon Mar 15, 2021 9:31 am
SM wrote:
Sun Mar 14, 2021 11:56 pm
It’s a real shame, the concept of this business was superb.

No idea what’s led to them going into admin, but it was a good platform for football fans over the last few years.
Are you joking? It was a Ponzi scheme, pure and simple.
Did you ever use it or see any of the gains that some people made on it?

I can’t speak for the last few months, but for the years that it did run I saw plenty of people make a lot of money on it...
That's how Ponzi schemes work though. People make money at first as long as there are enough new punters buying into the idea. Others see that and want in, but sooner or later the money dries up and the wheels come off.

https://www.bbc.co.uk/news/business-56401707
Are headphones getting bigger, or are idiots getting smaller ?

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Re: Football Index

Post by Stans left foot » Mon Mar 22, 2021 12:07 pm

whatever the rights and wrongs of the offer / company, their presence on Talkshite was odious.

Positively Brown Nosing them every time they spoke / presented on the radio station, including some "serious /experienced" presenters, who in my opinion, should have known better.
"Fing Poo Wah" ( your comments are as much interest to me as a dogs fart ).

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Re: Football Index

Post by SM » Wed Mar 24, 2021 9:31 am

UxbridgeR wrote:
Mon Mar 22, 2021 8:15 am
SM wrote:
Sun Mar 21, 2021 9:26 pm
Virginia_R wrote:
Mon Mar 15, 2021 9:31 am


Are you joking? It was a Ponzi scheme, pure and simple.
Did you ever use it or see any of the gains that some people made on it?

I can’t speak for the last few months, but for the years that it did run I saw plenty of people make a lot of money on it...
That's how Ponzi schemes work though. People make money at first as long as there are enough new punters buying into the idea. Others see that and want in, but sooner or later the money dries up and the wheels come off.

https://www.bbc.co.uk/news/business-56401707
I’m not defending them, I think it’s disgusting what has happened to users on the platform.

But it was very successful for a number of years before it collapsed - it wasn’t a flash in the pan. The concept was very clever.

I think it was to do with a change in the way dividend payments were made, the users started rapidly pulling all of their money out, and they subsequently plummeted and went into administration.

I think it’s incredibly poor that they are now labelling it as gambling and that you win some and lose some though. I’ve seen people lose hundreds of thousands on it. Scary.
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Esox Lucius
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Re: Football Index

Post by Esox Lucius » Wed Mar 24, 2021 10:18 am

That is the text book definition of how a Ponzi scheme works Saf.
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Re: Football Index

Post by SM » Wed Mar 24, 2021 10:01 pm

Esox Lucius wrote:
Wed Mar 24, 2021 10:18 am
That is the text book definition of how a Ponzi scheme works Saf.
Isn’t a Ponzi scheme based on rewarding the ‘early’ investors by paying them using funds from the more recent investors?

That’s not how this platform operated. Everyone had an equal chance if money was invested well.

It was effectively its own stock market, where FI took a cut of every trade made... You could buy and sell at a profit or loss to other traders, and the FI took their slice of the pie whether the price went up or down.

I’ve seen a lot of people rightly hammering them, but most are suggesting it was horrendous mismanagement rather than a Ponzi scheme from what I’ve read. I could be wrong though.
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Keith
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Re: Football Index

Post by Keith » Thu Mar 25, 2021 9:19 am

SM wrote:
Wed Mar 24, 2021 10:01 pm
Esox Lucius wrote:
Wed Mar 24, 2021 10:18 am
That is the text book definition of how a Ponzi scheme works Saf.
Isn’t a Ponzi scheme based on rewarding the ‘early’ investors by paying them using funds from the more recent investors?

That’s not how this platform operated.
It is.
It is/was exactly that.

In 2020 a document was sent to the UK Gambling Commission, which highlighted issues surrounding Football Index’s dividends, which it argued resembled the activities of a pyramid scheme.

The report estimated that in January 2020, Football Index’s liabilities ‘exceed £1 million per month’, (For "liabilities" read the dividends paid to investors) and that the only way the firm could continue to operate in the long term ‘is through the constant sale of yet more new shares to new users alongside a constant churn in positions’.

Concluding the report, the author argued that ‘should user growth stop or decline, the company would quickly find itself unable to pay these liabilities to users’.

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SM
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Re: Football Index

Post by SM » Thu Mar 25, 2021 10:11 pm

Keith wrote:
Thu Mar 25, 2021 9:19 am
SM wrote:
Wed Mar 24, 2021 10:01 pm
Esox Lucius wrote:
Wed Mar 24, 2021 10:18 am
That is the text book definition of how a Ponzi scheme works Saf.
Isn’t a Ponzi scheme based on rewarding the ‘early’ investors by paying them using funds from the more recent investors?

That’s not how this platform operated.
It is.
It is/was exactly that.

In 2020 a document was sent to the UK Gambling Commission, which highlighted issues surrounding Football Index’s dividends, which it argued resembled the activities of a pyramid scheme.

The report estimated that in January 2020, Football Index’s liabilities ‘exceed £1 million per month’, (For "liabilities" read the dividends paid to investors) and that the only way the firm could continue to operate in the long term ‘is through the constant sale of yet more new shares to new users alongside a constant churn in positions’.

Concluding the report, the author argued that ‘should user growth stop or decline, the company would quickly find itself unable to pay these liabilities to users’.
Can I ask where you got that information from? Would genuinely be really interested in reading that...
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Esox Lucius
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Re: Football Index

Post by Esox Lucius » Fri Mar 26, 2021 10:24 am

Saf, if you type in "UK gambling commission report on Football Index" on a search engine you will find the Guardian report and much other stuff, including the Gambling Commissions defence of it's actions once fears had been raised.
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