Sports Cafe Enters Administration

By Claire Miller

- Last updated on GMT

Related tags: Bar

Sports Cafe Enters Administration
Iconic chain of sports bars calls in the administrators amid growing credit problems and a bleak outlook for 2008.

SPORTS Cafe has gone into administration after failed attempts to extend its credit and bleak forecasts for 2008.

The iconic chain - which owns eight restaurants across the UK - has called in administrators and is now looking for potential buyers.

Administrators Baker Tilly have appointed Edward Symmons Hospitality & Leisure to assist with the sale, saying: “We are looking to sell the business as a going concern and expect strong interest from a range of companies including nightclub, pub and restaurant operators.”

The first Sports Cafe was launched in 1995, as a place for anyone looking for looking to watch sports, whether on the wide screen plasma TV’s in the bars or on small screens in restaurant booths.

Sporting memorabilia adorns the walls of the sites which are in Leeds, Liverpool, Glasgow, Manchester, Bristol, Birmingham and Newcastle, with the flagship on London’s Haymarket.

All trading in Sports Cafe shares has been suspended.

Related topics: Business


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