November 1, 2016
Updating the market this morning, Sportech Plc has informed that its ‘The Football Pools’ division will not be sold to industry private equity firm Burlywood Capital. Last September, a sale of the Football Pools was announced with Burlywood governance agreeing to pay Sportech a total cash consideration of £97 million for its asset. Issuing a corporate update, Sportech’s CEO Ian …
Read More »September 13, 2016
Updating the market this morning, the board of Sportech Plc has announced that it has reached an agreement to sell The Football Pools to Burlywood Capital (Burlywood) for a total cash consideration of £97.25 million on a debt free/cash free basis. Sportech’s board will forward Burlywood proposal to investors, stating that the offer represented ‘an attractive opportunity to realise the …
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