Betfair suing former boss

Betfair, the online betting exchange, is involved in a legal dispute with the former head of its Irish operations, Raymond Farrell.

The company has secured a €94,000 High Court judgement against Farrell and claims the former employee owes the company money.

Farrell said he would challenge the judgement and that he did not owe Betfair any money.

Farrell, who worked for the company between 2002 and 2004, collected money on behalf of the company as part of his job. According to Farrell, he had an agreement with the company that he would pay certain expenses directly from the revenue he was collecting.

When Farrell left the business in 2004 after a series of disagreements, Betfair claim he took money with him that belonged to the business.

Farrell was employed by Betfair to help increase Betfair’s presence in the Irish racing market, with the former employee claiming he increased the company's sales in Ireland from €600,000 a month to over €5 million a month.

Editor, - 2007-09-11 11:36:50

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