By Mark Baber
June 28 – Shares in Perform, a leader in the distribution and commercialisation of sports content across digital platforms, have fallen by over 10% after a warning that spending on acquisitions and content would slow profit growth this year.
Perform owns the world’s biggest football website Goal.com.
Perform shares which stood at 582p on Thursday morning had fallen to 514.50 by 10,23 BST on Friday, having risen from 260p when they were publicly listed in April 2011.
Co-chief executive Oliver Slipper, speaking to Reuters, said the company aims to secure long-term rights deals, continue expanding internationally and to upgrade its Goal website in time for the 2014 World Cup finals.
The company recently bought leading Dutch website Voetbalzone for €2 million (rising to €10.5 million depending on performance) following on from last year’s acquisition of Swiss sports data company RunningBall for €120 million.
Perform have not commented on media reports of talks for the acquisition of OPTA Sports Data from Albion Capital. The Opta price is believed to be about £40 million.
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