O'Neills set to back MBO at Elverys

O'Neills has emerged as a major financial backer for the proposed management buyout of Elverys Sports.

Ian Kehoe - avatar

Ian Kehoe

6th April, 2014

O'Neills, the Irish sportswear manufacturer best known for its range of GAA jerseys, has emerged as a major financial backer for the proposed management buyout of Elverys Sports.

O'Neills has agreed to invest a significant sum to help management buy the chain out of examinership, and will be left with a large shareholding in the company if the rescue package is agreed with creditors. The Dublin-based sportswear firm is a 45 per cent shareholder in...

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