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Football Pools acquisition moves a step closer

Liverpool-based betting firm Sportech is a step closer to selling the Football Pools after its board approved the deal.

OpCapita-controlled FP Acquisitions Limited can now complete the £83 million purchase, subject to obtaining the necessary licences from the Gambling Commission.

A Sportech spokesperson says: “The board of Sportech is pleased to announce that the resolution to approve the disposal as detailed was duly passed on a show of hands at the general meeting.

“Following the approval of the disposal, completion remains conditional upon the purchaser obtaining the necessary licences from the Gambling Commission.”

The Football Pools, which was the subject of a failed £97.25m bid from Burlywood Capital last November, is due to move to a new office in Liverpool city centre to further its growth.

John Von Spreckelsen, chairman of OpCapita, says: “We are delighted to be acquiring The Football Pools, which occupies a unique place in British culture.

“Sportech has successfully modernised the business and we look forward to realising its significant growth potential. As part of that growth strategy, we plan to ensure existing loyal customers continue to enjoy the game and bring The Football Pools, already loved by so many, to an even wider audience.”