UK: Football Index issues statement on distribution of money owed to customers Peter Lynch, Gambling Insider · May 7, 2021 at 2:00 am Football Index has released a statement regarding the distribution of the money that may still be owed to participants, two months after the operator entered administration. The company suspended business in March 2020 following a huge exodus of customers and investors, as a result of its decision to cut dividends on players from 14p to 3p. Many customers lost thousands of pounds overnight as a result. The group then went into administration and had its licence suspended by the Gambling Commission, before the suspension of its Betting and Gaming Council membership. Richard Toone, Adrian Hyde and Adrian Rabet from Begbies Traynor LLP were then appointed joint administrators of BetIndex Ltd – which trades as Football Index – to conduct insolvency proceedings.