Alastair Campbell, Tony Blair's former spin doctor, lost £300,000 (US$370,000) in his son's failed soccer-betting syndicate, according to The Daily Mail investigation.

Rory Campbell, 37, operated the betting scheme that attracted over 50 investors and accumulated approximately £5 million (US$6.1 million) in total investments. The syndicate reportedly used mathematical models to gain advantages in betting markets but collapsed after Asian sportsbooks allegedly failed to pay out winnings.

Initially, Rory Campbell assured investors there was "no hole" in the fund and promised full returns by July's end. However, he later revised the expected returns to "50%-65%," leaving investors increasingly concerned.

One investor revealed they were told the scheme was "massively low risk," with assurances that no more than 5% of the total betting fund could be lost to any single bookmaker. However, the money has seemingly vanished, with investors now expecting to recover only about 15% of their investments through ongoing negotiations with the Campbell family.

Some investors have compiled evidence, including contracts, bank statements, and communications, which they plan to present to law enforcement. The evidence suggests the scheme's collapse has left many facing substantial financial losses.

A spokesperson for the Campbells acknowledged the situation but described it as "highly complex," noting that confidential negotiations are currently underway to resolve the matter. They expressed disappointment that these confidential discussions had been made public.

Alastair Campbell, 67, served as Blair's director of communications from 1997 to 2003 and was widely regarded as "the real deputy prime minister" during his tenure as Blair's speechwriter and chief strategist.

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