BETFAIR SUES FORMER IRISH BOSS

14 September 2007

Reported Euro 94 000 judgement against Raymond Farrell to be challenged


Sporting Exchange, the holding company for online gambling group Betfair.com has successfully sued the group's former head of Irish operations, Raymond Farrell reports the The Sunday Business Post.

On August 28 the High Court in London awarded a Euro 94 000 judgement to the Betfair parent company in its issue with Farrell, although it is understood he is to challenge the finding. Farrell headed Betfair’s Irish operations between 2002 and 2004.

It is not clear what the nature of the litigation is, but it appears to revolve around claims of money owed, which Farrell contests. A Betfair spokesman alleged that part of Farrell’s job entailed collecting money on behalf of the company, and that certain sums had not been handed over when he left the business.

The spokesman revealed that the company intended to pursue the collection of the money.

Farrell was recruited by the company in 2002 to help it increase its Irish racing portfolio and to establish contacts in the Irish betting industry.

Speaking to The Sunday Business Post last week, Farrell said he increased the company’s sales in Ireland from Euro 600 000 a month to more than Euro 5 million a month.

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