The net proceeds of the placing, in conjunction with a US$10 million debt facility, will be used to fund, on Admission, the consolidation of two US based private companies operating in the athlete representation and sports marketing sectors: Legacy Sports Group and The Agency Sports Management.

On Admission to AIM, the market capitalisation of the Group at the placing price will be £12.7 million.

Bart Campbell, non-executive chairman, TLA Worldwide commented: “The successful admission to AIM represents an important platform for the company and we believe that, following our entry onto the market as an enlarged group, we can build substantially on our current position. We are merging two independent but complementary businesses that are growing organically in isolation and we will look to accelerate this position by creating a full-service, market leading baseball-centric agency providing a broader range of services in an integrated offering to the market under one strong brand.”

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