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Boylesports takeover bid for Ladbrokes Irish retail arm

Monday June 22,2015 : BOYLESPORTS POISED TO MAKE LADBROKES’ IRISH RETAIL TAKEOVER BID (Update)

Bid estimated to be in excess of Euro 25 million

Irish bookmaker Boylesports is poised to proceed with a Euro 25 million-plus takeover bid for Ladbrokes’ Irish retail arm, the business section of Ireland's largest-selling daily newspaper, The Independent, reported over the weekend.

Boylesports recently lost a High Court legal challenge for access to sensitive information on Ladbrokes’ loss-making Irish retail business which was placed under High Court protection earlier this year .

The company wanted information from examiner Ken Fennell of Deloitte on Ladbrokes Ireland’s individual store turnover, the number of betting slips issued by each shop and existing leases before making a bid.

According to The Independent, Boylesports founder and chief executive John Boyle confirmed the company remained committed to making a bid for the retail business despite losing the legal challenge.

Ladbrokes’ retail estate comprises 196 shops, of which Boylesports said it may look at closing eight should it make a successful bid, significantly less than Ladbrokes’ expected closure of as many as sixty.



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Simon Jones is crowned the Greatest Poker Player in the Universe - A €10,000 leaderboard tracked player progress throughout the series to determine who the Greatest Poker Player in the Universe was. Professional poker player/sports psychology lecturer, Simon Jones, took the crown with a €5,000 cash bonus and trophy to prove it.

MLB Odds: Yankees Favored in AL Wild Card Game - After a strong regular season, the New York Yankees (91-71, –1.00 betting units) opened as –235 home favourites for Tuesday’s AL Wild Card Game against the Minnesota Twins (85-77, +11.48 units). First pitch is at 8 PM ET on ESPN.

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