Friday December 13, 2019

Elverys: Employees happy but was MBO the right deal?

So just what to make of the management buyout at Elverys Sports, the troubled Irish sports retailer? Ian Kehoe analyses the deal.

1st April, 2014
Ian Kehoe: "Pretty much any outside party would have been forced to take a scalpel and surgically removed significant portions of the loss making business."

So just what to make of the management buyout at Elverys Sports, the troubled Irish sports retailer?

Certainly, judging by their social media reaction, the company’s 700 employees are cock-a-hoop at the rescue package.

The MBO was their option of choice from the moment the High Court appointed an examiner to the insolvent retailer.

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