RILEYS Sports Bar yesterday went into administration for the second time in two years.
The firm’s failure threatens around 500 jobs, and 15 of its sites have been shut down.
Rileys’ parent company Greybull Capital put 136-year-old firm up for sale just two months ago.
Deloitte was appointed as administrators. Rileys will continue to trade while Deloitte looks “to secure the best outcome for all of the company’s creditors”.