Irish entrepreneur may rescue The Sportsman

Dermot Desmond, the Irish entrepreneur who owns London City Airport and Celtic football club, is holding talks with gambling companies over a move to buy The Sportsman out of administration. His interest hinges on the possibility of generating revenues from the paper's website through bets. An executive close to the paper told the Sunday Telegraph: "Signing up a bookie is a prerequisite for Desmond if he is to pursue his interest in mounting an offer." The Sportsman is continuing publication while administrators search for new sources of funding. (Via telegraph.co.uk)