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.
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