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DJ Sport Capital Group Plc Disposal

 
TIDMSCG 
 
SPORT CAPITAL GROUP PLC 
 
                   ("Sport Capital Group" or the "Company") 
 
                        Preliminary Disposal Agreement 
 
On 17th January 2019, the Company announced the acquisition of Sport Capital 
Group Holdings Limited ("SCGH"), the parent company of Sports Capital Group 
Investments Ltd. ("SCGI"), sole owner of Italian football club, US Città di 
Palermo SpA, in Palermo, Sicily, and of Mepal Srl, the club's intellectual 
property and stadium project, for a nominal sum. 
 
Following events in recent weeks that have prevented the Company's relaunch of 
US Citta di Palermo, the Company has decided to accept a proposal to sell for a 
nominal value Palermo Football Club SpA, US Citta di Palermo SpA and Mepal Srl, 
to a group led by the historic management team, dott.ssa De Angeli.  Loan notes 
and debts associated with the transaction structure will be settled at the same 
time. 
 
Sport Capital Group said, "After extensive consideration, Sport Capital Group 
has agreed the sale of the football club Città di Palermo. Following 
discussions with investors and the results of further due diligence, the Board 
decided that the club would be better suited to another owner. We are confident 
the new owners will be able to take Palermo forward successfully and are well 
suited to running the club." 
 
Disclosures 
 
This announcement includes inside information as defined in Article 7 of the 
Market Abuse Regulation No. 596/2014 ("MAR") and is disclosed in accordance 
with the Company's obligations under of MAR. 
 
Sport Capital Group plc, 
Simon Grant-Rennick, 
Chairman 
14th 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:      +44 750 643 4107; +971 50 856 9408 
 
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 
 
 
 
END 
 

(END) Dow Jones Newswires

February 14, 2019 11:41 ET (16:41 GMT)