Daily Sport co-founder David Sullivan looked set today to net £40m (€59m) after agreeing to the sale of the UK based newspaper group.

The Daily and Sunday Sport could be sold as part of a £60m (€89m) deal which would see the newspaper group listed on the UK stock market.

Tabloid newspapers the Daily and Sunday Sport could soon be listed on the UK stock market as part of the group’s proposed sale to a firm specialising in delivering adult content to mobile phones.