Boylesports eyeing up Ladbrokes

Paddy Power probably too big to bid

16th May, 2015
45
Ladbrokes hopes to close shops and cut its rent bill, but faces opposition from its landlords. Picture: Feargal Ward

Boylesports, the betting empire founded by self-made millionaire John Boyle, is likely to look at a backdoor way of acquiring Ladbrokes’ Irish operations, The Sunday Business Post understands.

Boylesports is believed to be considering buying some or all of Ladbrokes’ assets here by submitting an alternative scheme of arrangement to its examiner, Ken Fennell of Deloitte.

To date, attention has focused on who might buy Ladbrokes when it emerges from examinership and its...

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