Administrators Begbies Traynor have now been called in – with Football Index claiming there is a hope that the site will be able to continue in a 'restructured format'. Virtual gambling platform Football Index, a shirt sponsor for two Championship clubs - including QPR, has been met with a furious backlash after jaw-dropping share price crashesIn an explosive statement, Football Index has admitted the explosive move may see equity being issued to investors, board representation for its users and, more importantly, a new management team put in place. Advertised as a stock market for footballers, Football Index confirmed that no trading or transactions, including deposits or withdrawals, will be available for the foreseeable future. Sportsmail also revealed that Nottingham Forest were in active dialogue with Football Index, their principal shirt sponsors, after being made aware of the backlash facing the platform. Football Index and Begbies Traynor have been approached for comment.

Source: The Nation March 11, 2021 23:02 UTC