JJB Sports plc has acquired the issued share capital of Golf TV Limited and its subsidiaries including Golf TVPro-Shop Limited for a consideration of up to £3.3 million payable in cash. The Golf TV Group is the UK operators of The Golf Channel and The Golf TV Pro-Shop Channel.
An initial consideration of £0.5 million has been paid by JJB with deferred consideration of up to £1 million being payable over the next 4 years. In addition, further consideration of up to £1.8 million could become payable by JJB during the next four years dependent on the performance of the Golf TV Group during that period.
