British sporting goods retailer JJB Sports plc has acquired the UK operators of The Golf Channel and The Golf TV Pro-Shop Channel, Golf TV Limited, for a consideration of up to £3.3 million payable in cash. Included in the transaction are the company’s subsidiaries, which include Golf TVPro-Shop Limited.

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.