Snooker club escapes closure

A snooker club has been saved from closure after its owners went into administration earlier this week. Rileys Ltd, owners of Rileys Snooker, Pool and Poker Club in Letchmore Road, Stevenage, has been sold to Valiant Sports Ltd for an undisclosed sum by a

A snooker club has been saved from closure after its owners went into administration earlier this week.

Rileys Ltd, owners of Rileys Snooker, Pool and Poker Club in Letchmore Road, Stevenage, has been sold to Valiant Sports Ltd for an undisclosed sum by administrators Ernst & Young LLP.

Valiant Sports Ltd will be closing 30 clubs at 159 Rileys sites nationwide but the Stevenage site will remain open.

Joint Administrator, Simon Allport, commented: "The companies have been experiencing tough trading difficulties due to a downturn in trade and a heavy debt burden and were unable to trade outside of administration. Fortunately we have been able to secure a deal, which means 129 sites will continue to trade and the brand and 1,200 jobs will be preserved.

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