Philip Henderson
About Author
May 18, 2021
 in 
News / Press Releases

Football Index - UPDATE

H&J Director Services 1 Limited has been appointed by the Court to represent those customers of BetIndex Limited t/a Football Index with an interest in arguing that the “Relevant Date” (in relation to the distribution of certain monies held on trust for customers) should be a date after 26 March 2021.

This matter has been listed for a one day hearing on Friday 21 May 2021.  While we are still working with counsel to formulate our position (and the arguments in support of that position), our current intention is to propose at least two potential ‘Relevant Dates’, being (in no particular order of priority):

1. the date on which all live bets will have expired (i.e. following the end of their three year period); and

2. the date on which payment is actually made by the Administrators pursuant to their statutory powers (which must necessarily now fall on a date after the hearing on 21 May 2021).

We intend to present the Court with the relevant legal arguments in support of each of these dates on an equal footing - i.e. we do not intend to argue for them in any order of preference but rather place the arguments before the Court to assist it to come to the correct conclusion.  

Any customer (with an interest in arguing that the “Relevant Date” should be a date after 26 March 2021) who wishes to bring arguments to our attention in favour of an alternative date to those presented above can contact us on: footballindex@hendersonandjones.com but given the number of customers and limited time available, we cannot commit to engaging with customers on an individual basis.

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