Elverys workers bid to save 700 jobs

Employees of Irish retailer Elverys Sports ramped up the campaign to protect their jobs with highly visible displays at GAA matches in Dublin and Mayo over the weekend.

The retailer has been in examinership since early last month. Nama, its largest secure creditor, is owed some €23m, having acquiring Elverys’ AIB loans in 2010 and 2011. Nama is continuing to support current owners Staunton Sports during the period of court protection while rival bids for the company are assessed.

At least six different groups have expressed an interest in taking on the organisation, including a bid from the current management. Among the other interested parties is Mike Ashley, the owner of Sports Direct and Newcastle United Football Club.