Investors Demand Answers After £5M Sports Betting Fund Collapse Under Rory Campbell
Professional bettors are seeking answers from Rory Campbell regarding millions in missing funds from his soccer betting syndicate. The son of Alastair Campbell, Tony Blair's former chief strategist, allegedly owes investors over £5 million following the fund's collapse.
Man gestures wearing black leather jacket
Campbell, 37, informed investors about the syndicate's collapse roughly two weeks ago, claiming Asian sportsbooks failed to pay out winnings. However, sources suggest Campbell's main bet placer hadn't received payments since January 2024, yet investors weren't notified of potential risks until mid-July.
Speaking on the Racing Room betting podcast, co-presenter Anthony Kaminskas shared an anonymous investor's message questioning Campbell's lack of transparency: "Six months of investors asking for any kind of proof of Asian agents and bookmakers not paying... talking to investors like they're fools and not entitled to ask where their money's gone."
The syndicate's investors included experienced industry professionals, such as:
- A former Racing Post executive
- A British Horseracing Authority official
- A television racing presenter
- Alastair Campbell himself, who invested £300,000
Investors expected a 4% return after the soccer season ended in May 2024. When payments didn't materialize, Campbell assured there was "no hole" in the fund and promised full payment by July's end.
Settlement negotiations failed on Friday. One investor has filed a £266,000 lawsuit in London county court, while others threaten to report Campbell to the Serious Fraud Office without a clear explanation of the missing funds. The syndicate had reportedly been profitable for seven of the last eight years, making the complete loss of funds particularly suspicious.