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I imagine the major costs are their living expenses. They've sold their house and cars, but still need somewhere to live, they'll still need to travel and of c
by MarkCole 9y ago
I imagine the major costs are their living expenses. They've sold their house and cars, but still need somewhere to live, they'll still need to travel and of course eat.
Additional costs could be through marketing, not sure if they're doing paid ads? Or simply the costs of travelling to events and investors to pitch it?
Despite being based in Manchester they seem to have registered their company ('GameDay Xtra Ltd') in Gibraltar. I assume as some sort of Tax Dodge? Or do they incur some other benefit by having an Ltd in Gibraltar vs in the UK?
- joaodlf 9y agoRegistering your company in Gibraltar is a common practice when it comes to gambling site companies in the UK. They could eventually try to dip into that market.
- MarkCole 9y agoOk that actually makes sense, owning a sports social network it seems a logical step to go from there to allowing people to bet on the sports.
- mirekrusin 9y agoIf they go for online-sport-betting site, at least they are consistent in the sense that they just put their whole family life on a single bet.
- crojach 9y agoFrom the BBC article: Members get live news feeds of sporting events, form their own groups and networks, follow games play-by-play, and in future will also be able to play bespoke interactive games themselves within the site. This seems to me like they might have their eyes on fantasy leagues.