Posted 3/28/11 : Acquired by a current member of the management team
 
Rumours of negotiations on the sale of EurosportBET by French broadcaster TF1 to Alexandre Dreyfus have come to naught as TF1 announced the sale of its subsidiary SPS Betting to a member of its current management who is apparently supported by an unidentified investment fund.
 
SPS Betting holds three licences; sports betting, online horse racing and online poker, from French online gambling regulator ARJEL.
 
TF1 closed down its UK-facing sports betting website EurosportBET.co.uk on 14 March 2011 and EurosportBET has reportedly lost Euro 23 million since its launch.
 
The EurosportBET.com website reassured its bettors that the site will continue to operate uninterrupted.