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Sport Media Group
- BY: Andrew Hore |
- POSTED: 02/06/2011 |
The administrator of Sport Media Group says that it is still trying to sell the Daily Sport.
In April, The Sunday Sport was sold to Sunday Sport (2011) Ltd, which is owned by former owner David Sullivan and the paper’s former staff. It is believed that the purchase price was less than £1m.
Net debt was £11.3m at the end of June 2010 so the disposal cash won’t go very far to paying that off.
There are some other assets for sale but they are not likely to cover the debt repayment.
BDO was appointed administrator of Sport Media Group on 4 April.
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