Boylesports to contest Ladbrokes Coral shop sale
News on 18 Oct 2016
News on 18 Oct 2016
Reacting to the recent announcement of the sale of 359 Ladbrokes and Gala Coral retail shops to Stan James and Betfred (see previous report), Irish operator BoyleSports plans to approach the Competition and Markets Authority (CMA) saying its bid was higher than the reported sale price.
In addition, the company said it had tendered a fully-funded offer which could have been completed within two weeks of acceptance.
“BoyleSports believes the decision not to allow a challenger brand onto the UK high street is bad for retail consumers who would have benefited from the keen pricing and excellent service already available to our existing Irish retail customers and to online customers in Ireland and the UK,” the company said in a statement.
