Andrew Black, together with Edward Wray, was founder of Betfair

Betfair

Betfair is the world's largest Internet betting exchange. The company is based in Hammersmith in West London, England. Since Betfair was launched in June 2000 it has become the largest online betting company in the UK and the largest betting exchange in the world. Betfair claim to have over 3...

, the world's first and largest bet exchange

Bet exchange

A betting exchange is an entity which provides "trading" facilities for retail or bookmaker customers to buy and sell contracts. Contracts are structured as binary options. Some betting exchanges may also offer CFD products...

. Black and Wray have won many awards, including Ernst & Young young entrepreneurs of the year in 2002.

Black was born on May 13, 1963, and graduated at King's College School

King's College School

King's College School, commonly referred to as KCS, King's, or KCS Wimbledon, is an independent school for day pupils in Wimbledon in south-west London. The school was founded as the junior department of King's College London and occupied part of its premises in Strand, before relocating to...

. He is grandson

Grandson

Grandson has multiple meanings:*Grandson *Grandson, Switzerland, a municipality in Switzerland*Grandson , a district in Switzerland...

 of Tory MP for Wimbledon

Wimbledon (UK Parliament constituency)

Wimbledon is one of two parliamentary constituencies in the London Borough of Merton in south-west London. It elects one Member of Parliament to the House of Commons of the Parliament of the United Kingdom, by the first-past-the-post voting system....

 Sir Cyril Black

Cyril Black

Sir Cyril Wilson Black was a British Conservative politician. He was Member of Parliament for Wimbledon from 1950 to his retirement at the 1970 general election.-Birth and education:...

, who campaigned, among other things, against gambling

Gambling

Gambling is the wagering of money or something of material value on an event with an uncertain outcome with the primary intent of winning additional money and/or material goods...

.

During early 2008, Black revealed on his blog

Blog

A blog is a type of website or part of a website supposed to be updated with new content from time to time. Blogs are usually maintained by an individual with regular entries of commentary, descriptions of events, or other material such as graphics or video. Entries are commonly displayed in...

 that he was part of the consortium led by Andrew Fitton

Andrew Fitton

Andrew Fitton is a Telecoms specialist, as well as part owner and former chairman of Swindon Town F.C..He works currently for Transcomm plc. as chief executive.He also worked with Mobitex and United Wireless Holdings.-Swindon Town Football Club:...

, which had taken over Swindon Town F.C.

Swindon Town F.C.

Swindon Town Football Club are a team based in Swindon, Wiltshire. Currently in League Two, Swindon have been managed by Paolo Di Canio since 23 May 2011...

. Other members of the consortium are Jeremy Wray, brother of Black's Betfair partner Edward, and Sir Martyn Arbib.

On the 3rd of August 2009 Black announced that he was going into partnership with Michael Owen

Michael Owen

Michael James Owen is an English professional footballer who plays as a striker for Manchester United.The son of former footballer Terry Owen, Owen began his senior career at Liverpool in 1996. He progressed through the Liverpool youth team and scored on his debut in May 1997...

 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.