Football fans across England, rejoice! The Sky Bet transfer fund is back and it's ready to help your team of choice earn £250,000 in transfer money and £5000 to spend on yourself. After a very successful debut, which saw Nottingham Forest take home the winnings, and thanks to calls via the Sky telephone numbers, Sky Bet have resurrected the fund and have begun advertising it once more. The Sky Bet Transfer Fund works by asking customers who sign up for an account with Sky Bet to pick their favourite team. That team then receives a token each £1 of betting time a bet is placed through that account. On the 30th of June, 2015, ten of those tokens will be picked at random and one of those teams will then win the transfer fund.
During the draw for the January transfer window Huddersfield Town, Fulham, Cardiff City, Southend United, Watford, Nottingham Forest, Exeter City, Wigan Athletic and Leeds United. Leeds were the only team on the list twice, as two of their tokens were pulled to be part of the shortlist. Ultimately, Nottingham Forrest took home the money, using it to loan out both Chelsea's Todd Kane and Aston Villa's Gary Gardner and move them up the table. John O'Hare of Nottingham Forest had this to say over his teams victory: “It’s going to mean a great deal to the club. That kind of money is always welcome. On behalf of the club I’d like to thank Shaun for signing up to the initiative and I hope he enjoys his winnings.”
Much was made of the fact that Nottingham Forest were under transfer embargo thanks to newly installed Financial Fair Play regulations which penalise teams for making too much in losses during a season. Leeds too were under such an embargo for spending under the previous ownership, so what these clubs would do was unknown. However, a loophole within the transfer embargo ensures that clubs can still maintain a squad of a certain size, though they couldn't spend more than £10,000 per month on wages, which allowed Nottingham Forest to make some crucial signings during the window.
This year, Sky Bet have moved to clarify their position around the FFP rules and avoid calls to their Sky tel numbers, stating "To avoid confusion we've tidied up our terms around clubs which have a transfer embargo. Clubs who have an active embargo relating to Financial Fair Play will only be allowed to spend the winning funds on the wages of free transfers or free loans."
To enter the competition is easy, simply follow this link and select your favourite football league team. From there just bet as you normally would, safe in the knowledge that every £1 you spend on the website will translate into a chance for your team to earn a significant amount of money and yourself enough money to go on the holiday of a lifetime with your family.
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