So, the Tchenguiz / FirstGroup saga rumbles on although probably not in a way the flamboyant property entrepreneur orginally envisaged.
Below is a link to a piece I wrote for the Mail on Sunday this weekend about how several top brokers - such as IG, GVC's Intertrader and CMC Markets, are chasing down Robbie T for the millions they think he owes them after he was carted out of the stock during the March sell off...
I see one of my favourite ex-Telegraph colleagues, Harry Wilson of The Times, has also noted GVC appears to be preparing for its next major deal by putting debt financing in place.
In case you missed it, here is a link to Harry Wilson's excellent market report column in today's The Times:..
Sportingbet owner GVC Holdings is said to be gearing up for its next major takeover deal.
According to sources familiar with the matter, investment banks - such as JP Morgan - are said to have put in place a big debt financing package for GVC to use as funds for major M&A tansaction...
It would appear GVC, the owner of Sportingbet, wasn't the only online gaming outfit chatting to Ladbrokes Coral about a multi-billion pound merger deal.
Good sources have told little old Betaville that Paddy Power Betfair has also been talking to Ladbrokes Coral about a takeover...
It's a Monday, so here is a link to today's session:
http://tiptv.co.uk/ma-update-fox-sky-deal-just-beginning-betaville/..
It's always rather frustrating when you spent of a lot of time and effort trying to stack up a scoop and then a well-resourced rival publication pips you at the post. And that's what happened this afternoon when the chaps at the Financial Times and FT Alphaville ran their stories about Ladbrokes Coral and GVC weighing a £4.2 billion merger.
Here are links to Bryce Elder's market report and also the FT's follow up news report by Paul McLean and Bryce:..