Thursday 04 May, 2006
JJB Sports PLC
Acquisition
JJB Sports PLC
04 May 2006
JJB SPORTS PLC ACQUIRES GOLF TV LIMITED
JJB Sports plc ('JJB') is pleased to announce that it has today acquired the
issued share capital of Golf TV Limited and its subsidiaries including Golf TV
Pro-Shop Limited (together the 'Golf TV Group') for a consideration of up to
£3.3 million payable in cash. The Golf TV Group are the UK operators of The Golf
Channel and The Golf TV Pro-Shop Channel.
Initial consideration of £0.5 million has been paid by JJB with deferred
consideration of up to £1 million being payable over the next 4 years. In
addition, further consideration of up to £1.8m could become payable by JJB
during the next four years dependent on the performance of the Golf TV Group
during that period.
Ends
For further information please contact:
Tom Knight 01942 221400
JJB Sports Plc
Lydia Pretzlik 020 7379 5151
Charlotte Barker
The Maitland Consultancy
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