PA Group, parent company of the Press Association, has said it would consider selling its PA Sports division as part of a review announced today.
The company said it recognised there had been ‘considerable interest in the market’over the future of PA Sport, which provides live news, information and data to customers, including many newspapers, TV networks and websites in Britain and around the world. Based in the UK, it also has staff in America, Australia, China and Africa.
In a statement PA Group said: ‘To ensure that PA Sport, which has grown rapidly over the last eight years, can take full advantage of the changes and opportunities emerging across the sports industry, the board is reviewing the strategic options for the business.
‘The board stresses that whilst all options are being considered, any sale or outside investment in the wider sports information, rights and data business can only be contemplated with a partner that the Group believes is committed to developing the business.”
PA Group stressed that it remains ‘determined’to retain the regular Press Association sports wire.
The company’s 27 shareholders include newspaper publishers Associated Newspapers, News International and Trinity Mirror.