STREAM HERE >>> Nottingham Forest vs QPR free stream online EFL Full HD
Both Championship sides took the decision at the end of a chaotic week in which the beleaguered company entered administration and had its operating licence removed by the UK Gambling Commission following a major crash on its market, sparking outrage among users who were left facing up to potentially significant losses.
“As a football club we entered into a one-year agreement with Football Index in good faith,” QPR chief executive Lee Hoos said in a statement on the club’s website. “In light of recent events, the front property of QPR’s home and away strips will no longer sport the Football Index logo.”
Forest, meanwhile, have not made a formal announcement, but The Athletic confirmed that the club have also ended their deal with Football Index, whose logo was not displayed on the team’s shirts during Saturday’s 1-1 draw at home to Reading.
Launched in 2015 as a self-described ‘challenge to traditional bookmakers’, Football Index allows its customers to buy and sell virtual shares in individual soccer players and receive dividends based on their performance.
However, the website announced a major cut to those dividends on 5th March, prompting a huge collapse in share prices. The company’s decision to suspend its exchange means that no trading, deposits or withdrawals are possible, leaving many customers’ money trapped in the platform