Examiner appointed to Elverys

An interim examiner has been appointed by the High Court to Elverys Sports, which employs 654 people in 56 stores nationwide.

The move, on the petition of a Nama company, comes as a pre-pack receivership of the Mayo company before a management buyout unravelled in the last few days.

Mr Justice Brian McGovern was told the board of the company which owns Elverys, Staunton Sports, supported the petition by National Asset Loan Management Ltd for an interim examiner to be appointed.