Hearn family considers selling LUCRATIVE stake in Matchroom – with talks already held

Eddie and Barry Hearn are reportedly considering selling a considerable minority stake in Matchroom.

The Hearn family are among the most renowned promoters on the planet, which is why Matchroom Sport has grown into one of the biggest in the business.

According to Sky News, the father and son duo could now be set to cash in on their success by selling a minority stake in the lucrative organisation.

It is noted in the report that neither Eddie nor Barry are prepared to relinquish their majority stake and subsequent control over Matchroom Sport.

However, they could be prepared to part ways with a significant minority stake in order to receive an even more significant lump sum payment.

The report speculates that the pair could sell 25% of Matchroom Sport, which while weighty, would still keep them as the business decision-makers.

In addition, though, the sale would raise an estimated £175m, which would be a worthy payment for the hard work and success in their respective careers.

As per the Sky News report, talks have already been held with as many as three private equity firms over the possibility of buying the minority stake.

There is, at the time of writing, no agreement struck with any party, but this is certainly one to keep an eye on, especially with more talks planned in due course.