The owners of leisure business David Lloyd are readying a £1.3B ($1.6B) sale of the gym chain after "bulking up with the recent purchase of a collection of Virgin Active clubs." The "looming sale is already drawing interest from large private equity firms" ahead of an official auction. Before sale talks can "kick off," the U.K.'s competition watchdog is "expected to investigate David Lloyd's takeover of the Virgin Active clubs" (London TELEGRAPH, 3/4).
Indonesia's esports platform RevivalTV is "a mere seven months old, but it has scored a major investment deal." Indonesia's esports industry has "been tipped" to have a compound annual growth rate of 40% and will hit $841.8M in total revenue this year. Its backer is DNC, a $10M fund initiated by China-based Zhexin IT (ASIA SPONSORSHIP NEWS, 3/3).
Former League Two side Leyton Orient Owner Barry Hearn said that he "now regrets selling the club." Last week, the club was served with a winding-up petition from U.K. tax authority HMRC. Hearn said, "Looking where we are now, I would never have sold if I had thought this was going to happen. Hindsight is a wonderful advisor. At the time, I thought it was perfect for everybody -- fans, myself, the club" (BBC, 3/3).
