Sporting Index set to be sold

 
Kate McCann
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SPREAD-BETTING operator Sporting Index is set to be sold later this year, according to Sky News. The timing of the deal is said to coordinate with the World Cup, which begins next month.

Sporting Index, the world’s largest sports spread-betting firm, is owned by HG Capital, a London-based private equity firm that has appointed Dean Street Advisers to work on the deal.

When the company was last sold in 2005 it changed hands for £76m, but a new price has not yet been mooted.

The business was founded in 1992 and currently enjoys an 80 per cent market share, employing over 220 staff mainly in its London headquarters to cater for around 60,000 customers worldwide.