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Broughton’s Buyout Firm Increases Bid for U.K.’s Tote, Sky Says

May 31 (Bloomberg) -- Sports Investment Partners, the private equity firm owned by Martin Broughton that is bidding to buy state-owned bookmaker, the Tote, has raised the value of its offer to the U.K. Treasury by 2 million pounds and the overall value of the bid by a “a substantially larger sum,” Sky News reported, citing an unidentified person close to the process.

To contact the reporter on this story: Blanche Gatt in London at bgatt@bloomberg.net

To contact the editor responsible for this story: Colin Keatinge at ckeatinge@bloomberg.net.

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