After rumours of them hiring Simon Cowell to head up an X Factor cursed with The Apprentice style search for their new chairman, the world’s largest sports spread betting business, Sporting Index, have today announced they’ve appointed a new man in the job.
Former chairman Richard Glynn liked the look of Ladbrokes’ new carpet back in March, and didn’t return after the Easter holidays, which opened up the void for new non-executive chairman Mark Redwood to step in to.
Before his appointment at Sporting Index the 50-year-old was a senior executive at Thomson Reuters, a post he gave up in December last year.
Redwood commented, Redwood said: “I can see so many parallels between the financial and regulated sports betting markets. If Betfair is the exchange of the sports betting world, Sporting Index is the market maker and data provider
“I am genuinely excited by the prospect of working with the management team to help them further leverage their renowned trading skills and world class technologies, pioneering a range of services for modern sportsbooks.”
In recent times, Sporting Index has shown unprecedented growth by signing up William Hill, PartyGaming, the Tote and Skybet to their burgeoning B2B Sporting Solutions in-play odds product.
Warren Murphy, CEO of the Sporting Index Group, said: “We believe the sports betting landscape is rapidly changing and is mirroring the way the financial data services industry has evolved. We deliberately sought to bring in someone with a strong financial technology background.
“From that perspective, Mark coming on board is a real coup for us. His unrivalled expertise in developing and commercialising financial trading data and transactional systems will further strengthen our business as we continue to position the Sporting Index Group at the forefront of the sports betting industry.”
They must now be praying that Ladbrokes don’t start to get rid of staff and just in case they’ll super-gluing Redwood’s ass to his seat in preparation.