The board of Sportech has released a statement confirming that discussions with Burlywood Capital regarding the planned £97.25m sale of The Football Pools have been terminated.
Ian Penrose, chief executive of Sportech, said: “Burlywood was unable to conclude the transaction set out within their proposal, which we announced in September.
“The Football Pools is a valuable asset that has been transformed following a lengthy modernisation programme.
“We will continue to focus on maximising opportunities for the business,” said Penrose.
