Lender Assumes Control of Football Pools Following Significant Losses

Liverpool's The Football Pools has seen its lender assume full control of the company after facing significant losses for two consecutive years.

According to its recently published annual accounts on Companies House, The Football Pools reported pre-tax losses of nearly £15 million for the year ending December 31, 2023, following losses exceeding £18 million in 2022. Revenues for 2023 amounted to £21 million, down from £24.7 million the previous year.

The company’s directors recognized the need for additional capital, leading to discussions between shareholders OpCapita Funds and the lender HOF. Consequently, HOF, an investment fund managed by Hoplon Investment Partners, acquired a majority stake in the business and injected an additional £4 million in capital. In their report, the directors stated, “The company will continue to develop the business and build on the good progress made under the previous owners since 2017.” They emphasized their focus on stabilising and growing the Classic Pools subscriber base.

Founded in Liverpool in 1923 by Sir John Moores, The Football Pools, originally known as Littlewoods Pools, was once viewed as a quick route to wealth for many Britons. Now, it has modernized the traditional Pools game for the digital era. Based in Walton, the company employs over 150 people and is currently in its 101st football season. In addition to classic Football Pools games, it also offers online subscription games, including betting on the Irish Lottery.