Betfair Stages Attention-Grabbing Annual Meeting


A lot of action at what is supposed to be a routine meeting

Probably one of the most action-packed annual meetings in the Betfair history was held at the British Academy of Film and Television Arts headquarters this week, attracting a lot of media attention due to a number of strange appearances and decisions.

The biggest outrage was provoked by the decision to hold the annual meeting behind closed doors the media, but after a journalist bought five shares to be able to attend it, the company made another, even harsher decision, to ban shareholders who are journalists from the meeting.

As if this wasn't enough to attract negative media attention, an angry punter, Sandip Sayaniya, who claims Betfair had unjustly confiscated GBP 52 352.85 from his account, protested outside the meeting venue, threatening legal action to recover the funds.

A comment on his action arrived from a Betfair spokesman, who said: "We thoroughly investigated this matter and we determined that the customer was evading payment of the required fees."

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