Spreading the wealth

Having participated in the MBOs of two divisions of spread-betting firm WorldSpreads, Fergus Rice is determined to maximise his customers’ investments

8th May, 2010

Fergus Rice is not an Arsenal supporter, but he shared the London club’s pain last month when they were put to the sword by Barcelona in the quarter-finals of the UEFA Champions League.

Sports Spread, the spread-betting company that Rice owns and chairs, was running various markets on the match, and had a particular exposure to the number of goals that Lionel Messi, Barcelona’s prodigious young striker, might score.

When Messi...

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