Internet betting tycoon Teddy Sagi’s multimillion-pound acquisition of a gaming firm now allegedly worth nothing is the subject of a court case involving heavily contested claims of fraud and physical threat
Ensconced within the luxury of his £30m Knightsbridge pad overlooking Hyde Park, the billionaire Teddy Sagi laid his cards on the table. “I have a big pair of balls,” he proclaimed, according to documents filed at the high court. “I lost £300,000 in the casino last night. I will buy your business for £53m.”
For the man on the other side of the negotiating table, the online gambling entrepreneur Simon Wilson, the stakes had never been higher.
About Author
More Stories
Bizarre Australian mole even more unusual than first thought, new research reveals
Male mosquitoes to be genetically engineered to poison females with semen in Australian research
Breakthrough drugs herald ‘new era’ in battle against dementia, experts predict