Wedlake Bell wins rescue mandate for The Sportsman

Wedlake Bell is advising the administrators of The Sportsman newspaper which has put itself into administration just four months after its launch.

Head of business recoveries team Martin Arnold is advising joint administrators Peter Kubik and Andrew Andronikou of the accountancy firm UHY Hacker Young. The firm has a long standing relationship with the accountancy group.

Directors of Sports Betting Media, The Sportsman’s publishers, called in the administrators after they failed to secure an extra £4m of funding.

The administrators have said they are confident of selling the sports and betting newspaper as a going concern.