Bert in £3m Betfair cash out

25/01/2013 | By | Reply More

According to a regulatory filing notice issued on the 24th January; Andrew Black, one of the founders of Betfair, ‘cashed out’ £3m worth of shares on Wednesday.

In my experience there can be any number of reasons to sell shares, but only one reason to buy them. So I’m not sure a sale is that significant. Also, he still has 7,817,390 left! When Bert left the board is was a watershed moment for Betfair. It’s never been the same since.

It does’s appear however, that Bert is having a bit of a clear out. He recently announced that he was stepping back from his involvement in Swindon Town FC which he doesn’t appear to have particularly enjoyed. Don’t blame anybody from stepping out from the mayhem that is running a football club, tough business.

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Category: Betfair, Industry news

About the Author ()

I left a good job in the consumer technology industry to go a trade on Betfair for a living way back in June 2000. I've been here ever since pushing very boundaries of what's possible on betting exchanges and loved every minute of it.

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