Search:
 

Crown Sports

Companies: CSP   
25/10/2002

Debt-ridden sports and leisure club operator Crown Sports has urged investors to reject a 5p per share offer for the company from private firm Bennelong. Crown has debts of almost £50m, but director Ray Pearce says it believes the offer 'substantially undervalues' the business and 'we will be writing to shareholders next week and advising them to take no action at this time'. Pearce and his fellow directors are now said to be evaluating all methods of 'maximising' shareholder value, including 'the potential sale of some or all of Crown Sports' trading businesses'. These include Dragons Health Clubs and Crown Golf Clubs. Recent interims showed reduced profits of £1m and included a warning that the rest of the year was likely to be tough. Avoid.


Related Articles:
18/10/2007
07/11/2002
25/10/2002
11/07/2001
10/04/2001

Sponsored Listings

Find Saving & Investments at Ask.com Whatever type of investment you're looking for, find it with Ask.com. Browse for a wide range of investment resources in seconds.

Investing in Shares? Investment facts & figures. All the latest tips with MoneyWeek.

Sell Shares with City Index City Index spread betting - tax free dealing in shares, indices no commission, no stamp duty and CFDs (contracts for difference).

Recent Articles

Announcements

Sector Articles