David Lloyd says no to Esporta Purchase

Firstly, the Esporta deal has gone through, which means I am now paying my £142 per month membership fee to Simon Halabi, the property magnate (as if he didn’t have enough money already!).

Not content with buying Esporta, it transpires that secret talks have been taking place between Esporta and Whitbread about the potential sale of David Lloyd. Creating a dominant racquets chain was always on the cards, but it appears that the two sides cannot agree on a fair price. Stockbroker Numis estimates that David Lloyd is worth up to £940 million (that’s a cool £16 million per club). What’s the probability of David Lloyd being under different ownership by the end of 2007?

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