The merger is the response to the opportunity created by the relaxation of rules on sports betting in the US. The merged group will have its headquarters in Dublin and its main listing in London. Shareholders in Flutter would own approximately 54.64% of the new company, with TSG shareholders owning the remainder.
The new group will partner with FOX Sports in the US, which will have the right to acquire an 18.5% stake in Flutter’s FanDuel US business from 2021.
The combined group will serve customers in over 100 countries. Currently, approximately half of its current income is generated in the UK and Ireland, with 15% in Australia, 5% in the US and 31% from the rest of the world.
Every day we send out a free e-mail with the most important headlines of the last 24 hours.
Subscribe now
We welcome comments that add value to the discussion. We attempt to block comments that use offensive language or appear to be spam, and our editors frequently review the comments to ensure they are appropriate. If you see a comment that you believe is inappropriate to the discussion, you can bring it to our attention by using the report abuse links. As the comments are written and submitted by visitors of the The Paypers website, they in no way represent the opinion of The Paypers.