The management team at Elverys Sport has been approved as the preferred investor in the company - a decision which could secure the future of the business and its 700 plus employees.
The management team had been fending off competition from Irish retail chain Heatons and British retailer Sports Direct, as reported by the Sunday Business Post on March 30.
Elverys has been struggling in recent years, suffering losses every year since 2008, with the exception of 2010.
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