Stake UK, the crypto gambling company that sponsors Everton FC, has been hit with a $400m (346m) lawsuit from a former business partner of its co-founders, alleging they stole from him and bullied him out of the business.
According to court filings obtained by the Guardian, Christopher Freeman, a resident of Florida, claims that he was the brains behind Primedice, a predecessor company of Stake, which is now valued at more than $1bn.
Freeman claims he set up Primedice with school friend Bijan Tehrani and Ed Craven, who now run Stake.
The firm has gone from total obscurity to one of the fastest-growing gambling brands within a few years, boasting a partnership with platinum-selling rapper Drake and sponsorship deals with the Ultimate Fighting Championship (UFC) and F1 driver Pietro Fittipaldi.
It also sponsors Watford FC and is among a glut of gambling firms, many of them with no presence in the UK, that sponsor English and Scottish football.
According to Freeman’s account, which the...
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