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One of Soccer's Favorite News Websites Could Go BustBy
The future of of Squawka Ltd., a favorite source of news and statistics among soccer fans, is in peril after staff were told not to come in for work on Friday, according to people familiar with the matter.
The London-based website’s workforce of about 35 people was informed Thursday that operations would cease and the company is in talks with administrators, said the people, who asked not to be named discussing a private matter. Co-founder Leo Harrison said on Twitter that he remains hopeful Squawka can keep going.
“Still a real possibility the company will continue,” Harrison wrote. “There is a live deal on the table.”’
Squawka, founded in 2012, had about 1.3 million pounds ($1.7 million) in assets as of Dec. 31, according to its latest filing with Companies House. FremantleMedia, part of Bertelsmann’s RTL Group, took a 35 percent stake in April 2016.
Fremantle and Bertelsmann didn’t respond to requests for comment.