Tag: finance
Betfair reject £900m takeover offer
Betfair came out this morning and rejected an offer by CVC of 880p per share. With 103m shares in issue, that values Betfair at roughly £900m. Betfair shares closed at 800p on Friday so expect another jump up today.
Mark Davis had some interesting reflections on the offer on his blog. His comments are always worth a look as he is a big shareholder and obviously an insider on the whole Betfair thing. He has often given insight to …
Administrators appointed at Portsmouth and Rangers
The state of football’s finances and excesses was put into the light again today when another two clubs applied for administration orders.
While it’s a difficult time for both clubs, administration is generally done as a last resort and gives the clubs a chance put their affairs into order.
For punters it can be an opportunity. Search for Porstmouth on the blog to see the fun and games I have had in the past with relegation and promotion markets when …
Football rich list
It is always interesting to read the Deloitte reports. They seem to highlight the significant, and growing, gap between footballs elite clubs and the rest.
Seven of the top ten clubs come from the English premiership. The top clubs even in this elite division are pulling away from the others.
https://www.deloitte.com/view/en_GB/uk/press-release/0966fd0057101210VgnVCM100000ba42f00aRCRD.htm
But there are still a large number of structural issues in the game.
Connect
Connect with us on the following social media platforms.