BDO counties reject PDC takeover offer 01/02/2010 |
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The British Darts Organisation (BDO) has rejected a takeover bid from the rival Professional Darts Corporation (PDC).
Representatives from 65 BDO counties voted at the weekend to turn down PDC chief Barry Hearn’s £1m bid.
BDO boss Olly Croft had called the offer a "cheap publicity stunt", before handing the decision over to the counties.
In his buy-out bid, Hearn had offered to honour all existing contracts with sponsors, venues and broadcasters, and vowed to invest a further £1m into the grass-roots of the sport.
"We [the PDC] know what we are doing and want to invest in the future of darts," said Hearn.
"The BDO made £16,000 profit last year. The PDC made £1m profit, had a turnover of £9m and has roughly £3m in the bank.
"I would suggest that if the BDO really care about the sport of darts and the millions of players, then you should accept offers and let us inject not just finance, but professional management to run darts in a modern and effective manner."
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