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British entrepreneur
Andrew Black (born 13 May 1963) is a British entrepreneur who, together with Edward Wray, a gambling entrepreneur, founded ♨️ Betfair, the world's first and largest bet exchange. He is now a noted angel investor in technology businesses in the ♨️ UK and further afield, and is a keen race horse owner and professional bridge player.
He has won many awards, most ♨️ notably Ernst & Young emerging entrepreneur of the year in 2002 (shared with Wray).[1]
Early life [ edit ]
Black was born ♨️ on 13 May 1963, the son of a property developer and grandson of Tory MP for Wimbledon Sir Cyril Black, ♨️ who campaigned, among other things, against gambling.[2] He attended King's College School in Wimbledon, where he excelled at maths (according ♨️ to a moneyweek profile in 2009, not citable due to an entry in Wikipedia's blacklist) and then attended the University ♨️ of Exeter but was asked to leave during his second year, saying later that he had spent most of his ♨️ time at the bookies rather than attending lectures.
Career [ edit ]
Black took a succession of unskilled positions after dropping out ♨️ of university but when his younger brother, Kevin, contracted a debilitating brain infection at the age of 19 Black gave ♨️ up work to look after him until his death aged 21.[3] Black then worked in the City of London for ♨️ a derivatives business, but during this time was becoming increasingly successful as a gambler, eventually earning sufficient money in winnings ♨️ to give up work and concentrate on gambling full-time for a while. After initial success, full-time gambling looked unlikely to ♨️ provide sufficient financial support for Black, who was newly married, so he set up a software business. The business won ♨️ an on-site contract at GCHQ which involved being 'locked out of the office' every day at 5.00 pm, giving him ♨️ long evenings during which to refine his ideas for a bet exchange. He became friends with Wray through playing bridge ♨️ together[3] and showed him a prototype he had programmed which succeeded in securing Wray's interest and investment.
Betfair [ edit ]
Black ♨️ and Wray launched Betfair in 2000, having secured £1m of investment from friends and family. Requests for venture capital investment ♨️ had been rejected by the funds they had approached.[3]
Other bet exchanges launched at the same time, but worked on the ♨️ basis of offering single bets which interested punters would then accept individually. Betfair operated on a model more similar to ♨️ a financial exchange, allowing among other things, multiple small bets to fill a position offered by a gambler wishing to ♨️ place a large stake on a wager. This approach, combined with the acquisition of rival Flutter in 2001, secured Betfair ♨️ 90% of the bet exchange market in the UK within a few years of launch.
In 2010 Betfair was floated on ♨️ the London Stock Exchange[4] at a £13 share price which valued it at £1.4bn, making Black's 15% stake worth approximately ♨️ £200m. Black is known to have retained much of his stake, benefiting from the share price's subsequent climb to £44 ♨️ before Betfair was delisted when it was merged with Paddy Power in 2024.[5]
Post-Betfair activities [ edit ]
On 3 August 2009, ♨️ Black announced that he was going into partnership with Michael Owen with regard to Owen's Manor House Stables; Tom Dascombe ♨️ has been hired as trainer and the stated ambition is to own and train Group 1 horses on the Flat.[6] ♨️ Black and Owen were the joint owners of the racehorse Brown Panther, who won the Goodwood Cup in 2013 and ♨️ the Irish St. Leger in 2014, winning the latter by six lengths.[7]
Investments [ edit ]
Black's known investments include a significant ♨️ stake in Hydrodec Plc where he has acted as a non-executive director and whose UK operations he acquired[8] in 2024; ♨️ ownership of Morelands Riverdale,[9] a science park being built at Hampton, Surrey; a 30% stake in golfbidder,[10] a sizeable stake ♨️ in Touchlight Genetics, and a portfolio of early stage life sciences, gambling, sports and ecommerce business.
Blog [ edit ]
Black has ♨️ his own horseracing blog "Bert's Blog" where he discusses his bloodstock operations.[11] The blog also features interviews with former Betfair ♨️ staff such as Tony Clare, Steve High and Martin Cruddace.
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La Invasión Rusa a Ucrania: Cómo la Guerra ha Impactado el Turismo en Chernobyl y Kyiv
Antes de la invasión de 💴 Rusia a Ucrania, los visitantes de todo el mundo viajaban frecuentemente para ver Chernobyl, la central nuclear que sufrió un 💴 desastroso accidente de fusión en 1986.
Después del lanzamiento de la serie de HBO "Chernobyl" en 2024, récords de visitantes ingresaron 💴 a la zona de exclusión alrededor de la ciudad abandonada de Pripyat, que albergaba a los trabajadores de la planta, 💴 de acuerdo con números oficiales.
En ese momento, el Presidente Volodymyr Zelensky firmó un decreto para facilitar el camino para más 💴 turistas. Nuevas rutas terrestres, acuáticas y aéreas estaban planificadas. Los museos se estaban desarrollando. Un hotel moderno nuevo estaba en 💴 camino. Se esperaba que hasta un millón de turistas al año llegaran en 2025.
Entonces comenzó la guerra y todo cambió.
Rusia 💴 atacó y Chernobyl, por un tiempo, se convirtió en la línea del frente mientras las tropas rusas ocuparon la zona 💴 de exclusión, destruyeron la infraestructura y cavaron trincheras en la tierra radiactiva del bosque rojo famoso donde los árboles moribundos 💴 se volvieron del color de la rugosidad después de ser contaminados por la caída.
El Impacto de la Guerra en el 💴 Turismo en Chernobyl
La zona ahora está desocupada pero los combates activos continúan a lo largo de las líneas del frente. 💴 Por lo general, solo tienen acceso a la zona de exclusión las delegaciones oficiales y el personal militar en la 💴 actualidad.
Sin embargo, incluso cuando los combates continúan en el sur, este y norte de Ucrania, los viajeros aún se dirigen 💴 al país, atraídos por las cicatrices de las devastaciones de la guerra que aún están frescas.
En Horenka, un suburbio noroeste 💴 de Kyiv, edificios de apartamentos grises permanecen abandonados y las ventanas rotas y el daño de las conchas rusas son 💴 una vista común - una herencia de algunas de las peores atrocidades rusas durante los primeros días de la guerra.
Visitar 💴 el área era impensable. Pero ahora se ha convertido en una de las paradas de los recorridos a través de 💴 los pueblos en la región de Kyiv que muestran a los visitantes la devastación y los horrores de la guerra, 💴 mientras aprenden más sobre lo que sucedió aquí de los que aún viven a través de él.
"Estuvimos muy en contra 💴 de tales recorridos en los primeros meses de la desocupación, en el primer año de la desocupación", dijo Mariana Oleskiv, 💴 jefa de la Agencia Estatal de Desarrollo de Turismo de Ucrania. "Fue una experiencia traumática para todos los residentes."
"Pero ahora 💴 ya estamos viendo un cambio significativo. La gente está lista para que el mundo sepa sobre el heroísmo de los 💴 ucranianos, por un lado, y los crímenes de los rusos, por el otro", dijo.
Entre los que han realizado tales recorridos 💴 se encuentran miembros de organizaciones internacionales, voluntarios, diplomáticos, personas involucradas en esfuerzos de reconstrucción y cualquiera que desee ser testigo 💴 de lo que sucedió aquí.
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