Sportech Sells The Football Pools Brand for £97 Million
UK gambling operator Sportech PLC is selling The Football Pools division to capital raising fund handling company Burlywood Capital LLP for the total amount of £97.25 million, local media reported earlier today.
The deal is subject to Sportech investors’ approval and also will never be closed until a final sale contract is reached. Under the regards to the royal vegas slots proposed transaction, Burlywood Capital would pay the above-stated quantity through a financial royal resort vegas obligation and equity combination.
So that you can get The Football Pools brand name, Burlywood Capital would set up a company that is separate which would be trading on AIM. As previously mentioned above, institutional investors’ equity and a brand new debt center could be utilized to finance the purchase. The offer wouldn’t be closed before the necessary equity is raised, it has also become clear.
The Football Pools is British’s oldest and biggest football pool wagering business. Most of the time, it gives gambling clients utilizing the opportunity to win substantial monetary prizes by playing a number of playing pool games which are predicated on betting in the upshot of soccer fixtures. Established more than 90 years ago, the gambling operator has given out a lot more than £3 billion to players and has now donated over £1 billion to different good royal vegas online casino review factors. Nowadays, more than 300,000 players from all over the UK are reported to be playing The Football Pools games regular.