Judge continues court protection for Elverys Sports

A judge has continued High Court protection for Elverys Sports after receiving an independent accountant’s report expressing the view the company has a reasonable prospect of survival.

Mr Justice Brian McGovern was also told yesterday the Nama will continue supporting Staunton Sports, the company operating the Elverys stores, during the period of court protection when rival bids for the company will be assessed.

The judge has fixed next Tuesday for the hearing of Nama’s petition seeking to confirm examinership for the company.