Heatons and Sports Direct lodge bids for Elverys

Management at Elverys Sports will have to fend off competition from Irish retail chain Heatons and British retailer Sports Direct if they are to acquire the Irish troubled sports retailer.

Ian Kehoe - avatar

Ian Kehoe

23rd March, 2014
Mike Ashley is a significant shareholder in both Heatons and Sports Direct. Picture: Getty

Management at Elverys Sports will have to fend off competition from Irish retail chain Heatons and British retailer Sports Direct if they are to acquire the Irish troubled sports retailer out of examinership.

Heatons and Sports Direct both lodged bids for the business with the examiner ahead of Thursday's deadline, while the management team also submitted a bid. Lifestyle Sports, which had been circling its main Irish rival, has pulled out of the process.

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