Football Index is a stockmarket, where you operate with Football players, instead of companies. Your aim is to purchase players that you classify as ‘cheap’, selling them for a profit after winning some dividends. Football Index rewards your knowledge of the sport, in a way. Football Index How It Works? As expressed in the above TV Advert, simply put, Football Index is The Football Stock Market where you can Trade Football Player rather than Company Stock, as shown below screenshot. Therefore, the basic concept is very simple.
© Provided by The i Football Index shares plummeted over the weekend (Photo: Getty)A drastic restructure to betting platform Football Index has left users angry and frustrated, with a crash in share prices following what the company deemed a “necessary” change.
What is Football Index?
Licensed by the UK Gambling Commission, Football Index allows users to “buy” and “sell” shares in footballers in a platform self-styled as a combination of fantasy football, stock markets and betting.
Users have the chance to earn daily and monthly payouts, known as dividends, based on a footballer’s future performances both on the pitch and in the media.
What did Football Index announce on Friday?
On Friday evening, Football Index – who sponsor Championship clubs Nottingham Forest and Queens Park Rangers – informed traders that the market would be temporarily suspended from 6.30pm GMT until 7am the following morning on Saturday.
Later on Friday, CEO Mike Bohan, writing on behalf of the Football Index Board, told traders there would be a divided reduction and restructure.
“In consultation with our legal and financial advisors we have had to make the very difficult decision that in order to ensure the long-term sustainability of the platform we simply must reduce Dividends,” he said.
The company gave 30 days’ notice for the changes to come into effect, but this news that the restructure would allow users to win a maximum divided of 6p in a single day – compared to 33p prior to the changes – prompted a market crash on Saturday when trading opened back up.
Share prices plummet
Among the more popular players on the platform, Erling Haaland was available to sell for £1.31 and buy for £1.52 as of Monday afternoon. The Borussia Dortmund striker was as low as £1.14 to buy and 76p to sell over the weekend, with the average offer previously being £7.49.
Football Index How Does It Work
Similarly, Manchester United midfielder Bruno Fernandes is at £1.30 to sell and £1.54 to buy at the time of writing, a drop from £5.62.
Users voice frustration
![Works Works](/uploads/1/3/7/9/137903120/330600159.png)
Users took to Twitter to voice their discontent with the restructure. One user claimed their life savings were “up in smoke”, with others left angry or feeling “sick”.
How did Football Index respond to backlash and crash?
In a statement released on Saturday and addressed to traders, Football Index accepted the dividend announcement “has caused frustration and disappointment, and has been a stressful experience for many of you”.
Football Index said that the company has sustained “substantial losses” in recent months, adding that the board made the changes to “stimulate a market recovery”.
The statement added: “Once it was clear that the reduction and restructure of dividends to the degree announced was necessary, we suspended placing issuance orders and announced the reduction and restructure to customers as soon as reasonably practicable.
“We will notify customers if and when these are put into operation again. There was no intent to mislead customers in these transactions, or in the announcement of a Q&A session.
![How to use football index How to use football index](/uploads/1/3/7/9/137903120/736010067.jpg)
“We would also like to stress that while we are aware of the fact that our latest announcement proved upsetting for many of you, we have a zero-tolerance policy with regards to abuse and threats to our employees. Any such behaviour will not be tolerated, and we will pursue all necessary measures should they arise.”
After posting this statement on Twitter, Football Index disabled replies on their feed for the foreseeable future due to “personal threats”.
Football Index has gained some serious traction over the last 18 months, it’s a fantastic platform which does deserve recognition within the betting world.
How To Use Football Index
In this Football Index Review, I’ll be covering every aspect of the Football Stockmarket, including how to use the website, depositing money and buying players. I will also include a few trader favourite strategies & explain how to make a profit from this football stockmarket.
What Is Football Index?
Football index is a stock market for Football Players. Instead of buying shares in various companies, you buy shares in football players.
It’s not run like bookmakers, where they set the odds. Player prices are controlled by demand. If there’s a lot of demand for a player, he will be more expensive on the platform. I explain more in detail below, but currently buying 300 shares in a player will increase his price by £0.01, so players which perform well, will be higher priced, as traders want to maximise their holding.
This also means that selling 300 shares would drop his price by £0.01, so if the player isn’t in form, his price could decrease as traders sell.
If your player does perform well, you will be given a Dividend Return based on this. There are multiple payouts which you can earn, on a per share basis. This means that the dividend amount you can earn is unlimited. The more shares owned equals a higher dividend received.