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Business news, analysis and updates on companies operating in the UK’s sports sector.

News

Betfred wins bid to buy Tote

UK-based bookmakers Betfred has won the battle to secure the purchase of the Tote from the government for a total consideration of £265 million, following an auction process that began in November.

News

Share purchase triggers Arsenal takeover bid

American businessman Stanley Kroenke has acquired Arsenal Football Club with the purchase of 32 per cent of the issued shares of Arsenal Holdings.

News

Sports acquisition for Chime

Communications business Chime Group has made an acquisition push by securing three deals, the largest of which is the purchase of sports marketing company Icon, after raising £12.25 million in a placing.

News

GlaxoSmithKline acquires Maximuscle brand

Pharmaceuticals giant GlaxoSmithKline has acquired sports nutrition brand Maximuscle in a deal worth £162 million, after the Office of Fair Trading approved the transaction.

News

Sportpost secures funds despite personal tragedy

Sports website Sportpost has raised £400,000 from investors including chef Raymond Blanc after one of its directors suffered a serious accident.

Entrepreneurs

Rising Star: Jeff Brehaut

Jeff Brehaut set up his company Beach Volleyball in 2007 and in the same year brought the first international tournament to the country.

News

Foresight invests in football firm

Asset manager Foresight Group has invested £3.25 million in a company that provides indoor pitches for five-a-side football game Futsal.

News

Golf analysis company tees off

Sheffield-based Break30, a developer of technology to help golfers improve their putting skills, has won £202,500 of equity funding.

News

Close VCTs invest in sports data business

Venture capital house Close Ventures has invested £1.5 million in a company that provides sports data and analysis to media companies.

News

New venture from Trafficmaster founder attracts funding

A new venture from David Martell, the founder of driving data specialist Trafficmaster, has attracted equity finance of £800,000.

News

Crucible pots snooker hall acquisition

Snooker and pool hall operator Rileys is to be bought by institutional investors in the US and UK.

News

Essentially Group in double acquisition

Sports marketing and media business Essentially Group plc has acquired sports consultancies Frontiers Group UK and Athletes 1 Sports for up to £12.3 million in cash and shares.

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