Powerleague agrees to £42m takeover

Click to follow
The Independent Online

The five-a-side football operator Powerleague has agreed to a £42.5m takeover offer from its biggest shareholder. Its executive chairman, Claude Littner – a former colleague of Lord Sugar who appears in The Apprentice – stands to make £2.6m from the deal.

The former Amstrad and Tottenham Hotspur chief executive led a management buyout of Powerleague from the investment group 3i in 2003, and owns 6.1 per cent.

The company, which has 43 football centres, has recommended the offer from Patron Sports Leisure, a subsidiary of the European investment firm Patron Capital, which owns 29 per cent.