SPORT CAPITAL GROUP PLC
("Sport Capital Group" or the “Company")
Update; Change of Directorate at Subsidiaries
Sport Capital Group wishes to advise the market that Mr. John Treacy, a Director of the Company, has resigned from the boards of the Company’s indirectly-held subsidiaries, Sport Capital Group Investments Limited, Palermo Football Club S.p.A. and US Città di Palermo S.p.A. Mr. Clive Richardson has also resigned from the Boards of Sports Capital Group Investments Limited, Palermo Football Club S.p.A. and US Città di Palermo S.p.A.
Mr. Treacy and Mr. Richardson joined the board of US Città di Palermo S.p.A. in late December 2018 and Palermo Football Club S.p.A. in January of this year.
Disclosures
This announcement includes inside information as defined in Article 7 of the Market Abuse Regulation No. 596/2014 (“MAR”).
Sport Capital Group plc,
Simon Grant-Rennick, Chairman
6th February 2019
This announcement has been made after due and careful enquiry. The Directors of Sport Capital Group plc accept responsibility for its content.
REGULATORY ANNOUNCEMENT ENDS
Enquiries
Sport Capital Group plc: Simon Grant-Rennick
E-mail: sgrelk@aol.com
Mob: +44 797 325 3124
Keith, Bayley, Rogers & Co. Limited (NEX Exchange Corporate Adviser and Broker):
Graham Atthill-Beck
E-mail: Graham.Atthill-Beck@kbrl.co.uk
Tel: +44 20 7464 4091
Mob: +971 50 856 9408;+44 750 643 4107;
Brinsley Holman
E-mail: Brinsley.Holman@kbrl.co.uk
Tel: +44 20 7464 4098
Mob: +44 777 630 2228
Financial PR:
Damson Communications:
Abigail Stuart-Menteth
Tel: +44 (0)207 812 0645
E-mail: abigail@damsonpr.com
Notes for Editors
About Sport Capital Group plc
Sport Capital Group invests in companies in the global sports and leisure sectors. In particular the focus is on football, associated real estate, stadium assets, merchandising and IP.
SCG’s strategy is to invest in a portfolio of at least six football clubs, their IP and real estate, focusing on opportunities in Europe including the United Kingdom. The Company will bring professional on- and off-pitch football management, business and corporate finance capabilities to bear on under-managed clubs, of which there are many. The team will consist of professionals from football, business and the capital markets.
The Company’s business model is to acquire lower league and non-league clubs, apply capital, business expertise, high-level football management and coaching, to create positive momentum and team psychology resulting in promotions to higher leagues. It will innovate and develop new revenue streams in its portfolio clubs. Promotion usually adds greatly to revenue streams and results in significantly higher asset values.