Tue, 21 Feb 2017 | BUSINESS SALE
A broadcaster specialising in the supply of live racing pictures and data to betting shops has bought two greyhound stadiums in the north-east from William Hill.
Sports Information Services (SIS) will buy stadia in Newcastle and Sunderland from the betting giant in a deal reported to be worth £10 million.
As a result of the deal picture and data from the stadiums will be added to SIS’ existing portfolio of rights from Monmore, Crayford, Hove, and Romford tracks.
SIS said the deal showed its commitment to provide a “strong programme of competitive greyhound racing for the foreseeable future” and reinforced the firm as a “key supplier” of betting content.
SIS chief executive officer Gary Smith said: “The acquisition of Newcastle and Sunderland is very exciting for us and our customers and strengthens our position as a distributor of high quality pictures and data for greyhound racing.
“Under William Hill’s ownership the facilities have been well maintained and the tracks have staged high quality competitive greyhound racing which has been popular with punters, both on and off track.”
William Hill's retail managing director Nicola Frampton said: “Newcastle and Sunderland greyhound stadia are among the best run in the industry and we would like to thank the teams at both tracks for all their hard work and success during William Hill’s period of ownership.
“In looking at options for the tracks the continuation of greyhound racing at the stadia and the safeguarding of employment were paramount. We are therefore pleased to have reached agreement with SIS who are the right owner to take the business forward over the long term.”
SIS added that greyhound welfare would be “paramount” as it looked to maintain the standards set by William Hill.
Find businesses for sale.
Established in 1994, these three handsomely presented and fully-equipped unisex hair salons are located in a prominent trading location.
Established vehicle display is located in a Berkshire prominent main toad. The business boats an excellent reputation and customer base.
LEASEHOLD
Established 2019, this logistics company can be managed from anywhere. The business comes with reliable executives already in place.
19
|
Apr
|
Building services consultancy moves to employee ownership | MBO/MBI
A building services consultancy in the North East has moved ...
19
|
Apr
|
US firm acquires Somerset employee management provider | BUSINESS SALE
An employee management services firm based in Somerset has b...
18
|
Apr
|
Education specialist makes second LDC-backed acquisition | BUSINESS SALE
Hybrid, an education media and marketing services firm, has ...
07
|
Sep
|
888 Holdings confirms “advanced discussions” to acquire William Hill’s European business | DIVISION SALE
Betting firm 888 Holdings has confirmed that it is in &ldquo...
17
|
Oct
|
Ladbrokes-Coral sale clears way for £2bn merger | MERGER
Betting firms Ladbrokes and Coral have agreed to sell 359 be...
27
|
Aug
|
Gala Coral Group prepares for sale of bingo business | DIVISION SALE
Gala Coral Group has brought in bankers at Lazard to seek ou...
Business Sale Report is your complete solution to finding great acquisition opportunities.
Join today to receive:
All this and much more, including the latest M&A news and exclusive resources
Please choose your settings for this site below. For more information please read our Cookie Policy
These cookies are necessary for our website to function properly and provide you with access to all features.
These are analytics cookies that help us to improve the way our website works.
These are used to improve the functional performance of the website and make it easier for you to use.