Random QPR Stuff

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https://www.qpr.co.uk/news/club-news/club-statement-football-index-120321/

Interesting. My sympathy to those who have lost out - I've always been quite sceptical of the Football Index model after looking into them a few years' back. Seem very reliant on perpetual growth which is dangerous.

On the plus side, I might be able to buy a home shirt. I've always refused to buy a shirt with the logo of a gambling company on it - not something I personally want to promote or be associated with. Fingers crossed they stick the Kiyan Prince Foundation logo on the shirt and put some more shirts on sale.
 
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https://www.qpr.co.uk/news/club-news/club-statement-football-index-120321/

Interesting. My sympathy to those who have lost out - I've always been quite sceptical of the Football Index model after looking into them a few years' back. Seem very reliant on perpetual growth which is dangerous.

On the plus side, I might be able to buy a home shirt. I've always refused to buy a shirt with the logo of a gambling company on it - not something I personally want to promote or be associated with. Fingers crossed they stick the Kiyan Prince Foundation logo on the shirt and put some more shirts on sale.
As a non gambler (except when I am at a race track, about once a decade) I thought I would check out what Football Index is/was. It’s pretty obviously a Ponzi scheme, selling ‘shares’ in assets (players) that they don’t own and using this income to pay ‘dividends’ based on stupid definitions of performance. It’s clear that, should enough people want to withdraw their ‘investment’ ie sell their pretend shares, in a short period of time the whole thing would collapse, or that if a lot of ‘investors’ chose the same highly successful players Football Index would be unable to pay the ‘dividends’ without an endless flow of new investors/gamblers.

What the **** the Gambling Commission was doing while this was set up and marketed is beyond me.
 
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