Statement from Peter Kubik, Partner at national accountancy group UHY Hacker Young, on the administration of Convers Sports Initiative plc
Statement from Peter Kubik, Partner at national accountancy group UHY Hacker Young, on the administration of Convers Sports Initiative plc
“On the 25th of November 2011 my partner at UHY Hacker Young Andrew Andronikou and I were appointed as Joint Administrators to Convers Sports Initiative plc (CSI).”
“CSI own a number of sports teams, media franchises and entertainment rights businesses.”
“We were appointed as Administrators after uncertainty arose over the future of CSI. CSI has a number of sports related assets and we are very confident of finding interested buyers for these subsidiaries. Our aim is to ensure that the sale process is as smooth as it possibly can be.”
“We will now be undertaking a period of due diligence at CSI and once that has been completed we will be in a better position to answer questions.”
About UHY Hacker Young:
The UHY Hacker Young Group is one of the UK’s top 20 accountancy networks with 92 partners and 500 professional staff working from 19 locations around the country. The offices within the Group provide a wide range of accounting, tax and business advisory services, as well as established specialisms with the capital markets, in corporate finance, turnaround and recovery, VAT planning, interim and project management and financial services.
UHY Hacker Young is a founder member of the UHY International network with offices in every major financial centre in the world. Further information can be found at www.uhy-uk.com
Press enquiries:
Peter Kubik
Partner
UHY Hacker Young
Tel: 02072164600
