Sportech’s The Football Pools acquisition deal fails

Sportech Plc’s GBP 97.25 million acquisition discussions with Burlywood Capital LLC regarding the sale of The Football Pools (see previous reports) have failed.

A statement from Sportech simply states Burlywood were unable to conclude the transaction set out in the proposal.

“The Football Pools is a valuable asset which has been transformed following a lengthy modernisation programme,” Ian Penrose, chief executive of Sportech plc, commented. “We will continue to focus on maximising opportunities for the business.”

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