Mickey O’Rourke’s Premiere Sports may have caught the attention of a Nordic streaming company.
According to a Bloomberg report, Yplay Group is in talks to buy AB Premier Sports. The Stockholm-listed streaming company is looking to acquire UK broadcast rights ahead of its launch, sources told the news website.
Wyplay aims to reach an agreement as soon as possible this month, citing a source.
Bloomberg reported that other suitors had expressed interest in Premiere Sports. Discussions are said to be underway without any certainty that discussions with Wyplay will lead to a settlement.
Premier Sports has significant operations in the UK, broadcasting live Scottish football, Spain’s La Liga, rugby league and many other sports.
In April, Wyplay scored goals in the UK market by securing the rights to show matches for the Scottish, Welsh and Northern Irish men’s national football team ahead of the FIFA World Cup.
Tom Ward, a media and telecommunications analyst for Bloomberg Intelligence, wrote in a research note that the potential acquisition could “enhance WyPlay’s sports credibility in the UK”.
If sales continue, it wouldn’t be the first time O’Rourke sold one of the TV companies he founded.
The entrepreneur famously sold Setanta TV to Ireland’s largest telecommunications conglomerate, which some industry sources suggested could be worth €20m.
Wyplay said its policy is that it never comments on rumors or speculation.
Firm linked to Ladbrokes booked €4.5m loss
It is not often that speculators suffer – but the Covid pandemic had other considerations, especially on the retail side of the sector.
According to recently published accounts, Ladbrokes (Ireland), a company that owns Ladbrokes betting shops for its last parent Anten plc, reported a loss before tax of approximately €4.5m in its 2020 fiscal year.
The loss was less than a pre-tax profit of approximately €2.7m last year.
The results showed that the average betting slip stake was €12.86.
Just before the pandemic hit, Ladbrokes Ireland paid a €12m dividend to parent company Ladbrokes Betting & Gaming. No further dividend declared.
Kearney-backed recruiter opens San Francisco office
Mason Alexander, a Dublin-based recruitment and technology solutions firm owned by former Irish rugby player Rob Kearney, has opened its second US office in San Francisco.
Headquartered in Dublin and established in 2013 by CEO Andrew Lynch, Mason Alexander’s new office receives support from Enterprise Ireland.
The company’s footprint now also includes locations in New York, Dublin, Cork, Portugal and Romania.