Wetherspoon has refuted an article in the Publican’s Morning Advertiser and M&C Report which claimed that it had a bid of more than £17 million rejected for a number of Sports Bar & Grill outlets.
Wetherspoon did not bid this amount of money for the sites, and a substantially lower bid by Wetherspoon was accepted.
Wetherspoon chairman Tim Martin commented: “We pulled out of the transaction following further inspection of the sites, leases and licences and did not, as reported, reduce the bid by £4 million one day ahead of completion.
“The press reports on this aborted transaction have been highly inaccurate in material areas and it is important to correct these inaccuracies.”