Alastair Campbell’s son back in business despite his former betting firm owing £5million

The firm deployed mathematical modelling to place up to 80 bets a week on football games across the continent – with some as high as $30,000.

But the company collapsed in 2024, leading to more than 50 investors losing their money, including the Oxford graduate’s own parents, over the alleged £5million Ponzi-style scheme.

Those who funneled funds into Mr Campbell’s betting syndicate were told in 2023 that the firm made an average eight per cent on returns a year.

But, further down the line, the investors said there were delays in withdrawing the funds.

The next year, the firm cautioned them that they could only see somewhere between 50 to 65 per cent of their money.

By December 2024, losses were estimated to have climbed to an eye-watering £8million, with some individuals up to £500,000 out-of-pocket.

After the firm went bust, the Metropolitan Police detained a man on suspicion of fraud by false representation relating to Mr Campbell’s syndicate in September 2025.

The individual in question was later bailed pending further inquires, Scotland Yard said.

Despite Mr Campbell’s failed firm, the keen sports analyst has founded a new company, 6th Man Data Intelligence Ltd – a reference to a substitute player in basketball – and owns 60 per cent of the shares.

The firm, registered in Somerset, oversees “data processing, hosting and related activities” as well as “management consultancy activities other than financial management”, The Times reported.

Some 20 per cent of the shares are owned by Aaron Edgeworth, 45, his co-director, while the rest is owned by software development business owner Ramsey Ajram.

Earlier this year, investors in Mr Campbell’s betting company threatened to report him to the Serious Fraud Office after repeated bids to settle a deal.

They claimed Mr Campbell failed to provide a “serious offer” – and set a deadline of January 10 to offer up evidence of where the £5million had gone.

Mr Campbell’s legal team, however, said they refused to negotiate with the investors after accusing them of fuelling a “briefing campaign” in the media.

Two months later, it was reported one of the investors had died before receiving his £160,000 back from the collapsed firm.

A father-of-two, who was described as a well-known figure in the betting world, was said to have messaged Mr Campbell back in 2023.

The message read: “Are you going to send some money soon or are you just hoping I die before you need to pay up?”

Around 10 backers of the firm are believed to have contacted the police over the investments, The Times added.