Summary:

Bosses of fast-growing online sports broadcaster Perform Group earned millions last week when they cashed out some shares. But their company remains focused on building up by bolting on global sports sites.

Perform Group's joint CEO Simon Denyer, joint CEO Oliver Slipper and CFO David Surtees
photo: Perform Group

After raising money through its stock market floatation, online sports broadcaster Perform Group remains intent on building through acquisition.

It is buying German sports portal operator Sportal, as part of its ongoing effort to build out its global audience.

Perform already bought Spox.com and Mediasports in Germany last year. Sportal.de claims 800,000 unique monthly users, and operator Sportal GmbH already provides content and services for  Spiegel, Süddeutsche, RTL/sport.de, Motain and Sportal Media gruppe Switzerland

Perform did not disclose an acquisition price to the London stock Exchange. Sportal did €1.4 million in revenue in 2011, Perform said.

Perform  raised £72.5 ($116.26) million in its London IPO float in April 2011, since when it has:-

Perform’s most game-changing deal happened prior to the float, when it bought Goal.com.

Company execs have benefitted from being public now. Last week, Perform made more shares available, so that they could reap windfalls. Co-CEO Simon Denyer made £4.1 million, co-CEO Oliver Slipper made £1.2 million, CFO David Surtees made £1.7 million.

Denyer and Slipper sold around five percent of their total holding. Denyer also gave shares worth £1 million to the charities Richard Thomas Leukaemia Fund, Great Ormond Street Hospital and WorldVision.

You’re subscribed! If you like, you can update your settings

Comments have been disabled for this post