Baker Tilly gets more than a million for Sports.com
The sports.com domain name and its betting division have been sold by administrators for 'substantially more' than seven figures.
The sports.com domain name and its betting division have been sold by administrators for 'substantially more' than seven figures.
In the first sale, Sports.com has agreed to terminate its domain name for ‘a significant, but undisclosed sum’ paid by SportsLine.com, which will enable the dotcom to sell the rights to the Sports.com domain to a third, unrelated, party.
And in a separate deal SCG Enterprises Ltd, Sports.com’s betting arm, has been sold to listed online betting site ukbetting.com for £670,000, saving 11 jobs.
Administrator Bruce Mackay from Baker Tilly said ‘commercial sensitivity’ meant he could not disclose the sum paid for termination of the sports.com domain license, but said the amount ‘comfortably exceeded our target of a seven-figure sum for the main domain and the betting service’.
Negotiations are still continuing for the sale of Sports.com’s content provision business and for Sports.com subsidiaries in France, Germany, Italy and Spain, although they are not in administration.
Sports.com went into administration on 31 May following a dive in advertising revenues.
The numbers you crunch tell a story. Your expertis...
22yEmbracing user-friendly AP systems can turn the tide, streamlining workflows, enhancing compliance, and opening doors to early payment discounts. Read...
View articleOrganisations can enhance their financial operations' efficiency, accuracy, and responsiveness by adopting platforms that offer them self-service cust...
View articleIn a world of instant results and automated workloads, the potential for AP to drive insights and transform results is enormous. But, if you’re still ...
View resourceDiscover how AP dashboards can transform your business by enhancing efficiency and accuracy in tracking key metrics, as revealed by the latest insight...
View articleBody Shop, Ted Baker, Farfetch, MatchesFashion and Wilko among latest retailer insolvencies. Number of businesses in trouble are the highest in five y...
View articleInsolvency statistics in the UK for the second quarter of 2023 were the highest since 2009 with 83% of them relating to small businesses Read More...
View articleThere were 6,342 recorded company insolvencies in Q2, reflecting a 9% increase compared to the number of insolvencies in Q1, and a 13% increase compar...
View articleThe survey paints a “brightening” picture of the global economy, according to the ACCA Read More...
View articleThe pandemic may have “distorted” some economic data Read More...
View articleAdvisory firms must offer a “more supportive” and holistic approach to clients amid the economic downturn Read More...
View articleHaving a clear plan and clean data to help optimise the use of scarce resources will be key for businesses Read More...
View articleThe Coronavirus Job Retention Scheme has supported millions of jobs amid the pandemic, but with the support measure set to end in September, how can a...
View article