- Price falls follow 28 days’ notice of drop in dividend payments
- Firm says decision to cut dividends ‘unfortunate but necessary’
Thousands of customers with money trapped in Football Index, the self-styled “stock market of football”, have reacted with fury to significant changes to the site’s terms and conditions, which prompted the latest in a series of crashes in its market when the site reopened for trading at 7am on Saturday.
The Observer reported in January that Football Index, shirt sponsors of Nottingham Forest and QPR, had suffered a series of price crashes on its exchange, where users can buy and sell “shares” in footballers and receive “dividends” based on their performance.
