On the day Betfair officially announced their intention to list on the London Stock Exchange, one of the two original founders of the firm, and the one responsible for the idea, Andrew Black, has resigned from the board of Betfair. He made it public on Facebook.
This doesn't come as a surprise at all, 'Bert' had admitted some time ago that he was advised to step away from Betfair totally, otherwise he'd forever be getting frustrated with its direction now that he was no longer involved in the firm on a day-to-day basis. Now he can just sit back and enjoy what it has done to his bank balance.
Well done Bert.