The troubled website provider, backed by world golf number one Tiger Woods and basketball star Michael Jordan, fell into administration the day the World Cup kicked off, fouled by a drop in advertising revenues.
The firm has given organisations interested in buying the business 24 to 48 hours to ‘clarify their positions’. At the same time Baker Tilly denied rumours that it is close to completing a deal with any particular organisation, stating that there are several parties keen to buy the business.
Administrator Bruce Mackay said: ‘This wonût just be another sale for a nominal fee like Sportinglife.com and Sportal.
‘Although it is too early to give an exact price, we are aiming for a seven figure sum from the sale of the website and its assets, which include an online betting subsidiary which is not in administration and is trading as normal.’
Steve Absolom and Will Wright from KPMG Restructuring have been appointed joint administrators to City Motor Holdings and associated companies
Partners from Johnston Carmichael have been appointed as joint administrators to Axon Well Interventions Products UK
Begbies Traynor have been appointed administrators of William Anelay Ltd, York, one of Britain’s longest-established construction and heritage restoration companies
Smith & Williamson has been appointed administrators of charity 4Children