Powerleague, which operates a portfolio of 44 sites across the UK, was formerly listed on the AIM stock exchange with an enterprise value in excess of £80 million.
“Powerleague is an exciting opportunity within the Patron investment portfolio. The company has strong growth potential and has proved to be resilient in the challenging economic climate,” said Keith Breslauer, managing director of Patron Capital.
“We were attracted to Powerleague by the strength of the management team and its leading position within the sector. Its business model and effective asset-backed cash flows are entirely in line with Patron’s strategy. With Patron’s support, Powerleague will have the financial and operational flexibility it needs to increase and convert its significant pipeline of potential sites.”
Powerleague owns the 22-pitch Old Trafford Soccerdome, the largest 5-a-side football centre in the world.
