The owners of Elverys Sports, the Irish sportswear retailer with more than 50 outlets, are in advanced talks with lenders and management about a major corporate restructuring.
The negotiations involve AIB, the state's bad bank, Nama as well as John and James Staunton, the retail entrepreneurs behind Elverys Sports.
The negotiations are aimed at separating the personal property borrowings of the Staunton brothers from the trading retail business. One option under active discussion involves management at...
Subscribe from just €1 for the first month!
All Digital Access + eReader
Unlimited Access for 1 Month
Then €19.99 a month after the offer period.
€149 For the 1st Year
Unlimited Access for 1 Year
90 Day Pass
Get a Business Account for you and your team