An investment consortium headed former stockbroker John Quinn has agreed to buy retail group Champion Sports for an estimated €60 million.
The consortium - PCP ONE Limited - said it was purchasing the entire business interests of the group - which includes 17 retail outlets.
Mr Quinn the acquisition presents "a significant opportunity for the further development and expansion of the Champion Sports Group".
The PCP ONE consortium includes a small number of Irish investors, including financier Bernard Somers.
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Champion Sports' current management team will remain in place after the deal which is subject to Competition Authority approval.