Intrade asking customers to accept 50% fund writedown

Dublin-based betting firm Intrade is asking members to accept repayment of 50 per cent of currently frozen funds with the rest returned if it survives.

2nd April, 2013
Intrade: asking customers for 50 per cent of funds

Intrade, an online betting website that halted trading last month after uncovering suspected financial irregularities, is seeking support from customers for a survival plan, said two people with knowledge of the matter.

The Dublin-based company is asking members to accept repayment of 50 per cent of their currently frozen funds within weeks, with the rest returned if it survives and draws new investment, according to the people, who asked not to be identified, as the...

Subscribe from just €1 for the first month!


What's Included

With any subscription you will have access to

  • 971569B3-2C5E-4C45-B798-CEADE16987A8

    Unlimited multi-device access to our iPad, iPhone and Android Apps

  • 099C8662-C57C-42F2-9426-F2F90DF17C8F

    Unlimited access to our eReader library

  • 198AE43B-B9CF-4892-8769-D63C2104BA08

    Exclusive daily insight and opinion seven days a week

  • D8F37B78-25E4-4E4A-A376-4F5789B1564A

    Create alerts to never miss a subject that matters to you

  • B15F2521-37CD-4E02-B898-730A20D39F7F

    Get access to exclusive offers for subscribers on gifts and experiences

  • A564FE02-1AB8-4579-AF9D-BA32A2E5ACA7

    Get content from Business Post, Business Post Magazines, Connected, Tatler and Food & Wine

Share this post

Related Stories

The year in review

Newsround: What Thursday’s papers say