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Sports.com to be sold for 'seven figure sum'
By Adriana Zea [13-06-2002]
Baker Tilly is expecting to raise a seven-figure sum from the sale of troubled digital sports channel Sports.com, the accounting firm revealed today.
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.'
By Adriana Zea [13-06-2002]
Baker Tilly is expecting to raise a seven-figure sum from the sale of troubled digital sports channel Sports.com, the accounting firm revealed today.
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.'