From the Daily Mail:
There will be considerable surprise within sport that bookmaking firm Sporting Index sent highly-popular betting pundit Angus Loughran into bankruptcy.
Manchester County Court papers reveal the bankruptcy petition was served by Sporting Index in December 2007 over the relatively meagre sum of £5,700 — the size of a commonplace bet at the Cheltenham Festival next week.
'The Debtor entered into various contracts in the form of spread bets with the Creditor,' said court papers, which detail that Sporting Index had issued a Statutory Demand against Loughran in May 2007 and since then had been paid back only £100.
However, over the years, BBC racing expert and Eurosport commentator Loughran has done numerous promotional favours for Sporting Index, with whom he has had a very close relationship. There will be a feeling of unease at the tactics used to reclaim a paltry debt from a wellknown sports personality and friend of the firm.
Loughran said: 'I hope to have everything resolved within the next fortnight, with the bankruptcy annulled. Then business can resume as normal, including working for the BBC at the Grand National.'
Sporting Index chief executive Richard Glynn said: 'I cannot confirm or deny the financial details of any of our clients, but we do treat everybody in a gentlemanly fashion and give them every opportunity to settle with us.'