The Football Index Collapses owing Millions

Never quite understood it. You buy shares in players and in accordance with their off and on pitch activities you get paid out a dividend for “owning a share” in a player. And without understanding the model further I can see why it is being accused of being a ponzu scheme.

QPR and Forest have them as Club sponsors.
 
Payments were made in dividends from players shares that were bought. It follows that dividends could only be paid out if more and more money was attracted to the platform - a huge ponzi scheme.
 
I put small amounts into it a little while back, made quite a bit from Sancho, Kane and Traore, but cashed it all out at the start of last year. A very good decision in hindsight.
 
Some have lost thousands. Basically a very elaborate but unsustainable scam.

Obv most would have just been dabbling small amounts but you can see how people would have been taken in with the mass marketing etc.
 
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