QMS Sport Holdings acquired TLA Worldwide (Australia) and its subsidiaries, from TLA Worldwide for $19m.

QMS Sport Holdings, sports marketing and athlete representation company, acquired TLA Worldwide (Australia) and its subsidiaries, from TLA Worldwide for $19m. The entire proceeds from the sale, net of costs, was used to reduce the indebtedness to the Group's bank. The Group's bank also extended its Forbearance Agreement. A condition of this extension was the sale of the Australian Businesses in order to further reduce its outstanding facilities with the Group. “These acquisitions provide QMS Sport with an enhanced service offering that together creates a unique vertically integrated sports advertising platform; leveraging the strength of their respective strategic relationships with both domestic and international clubs, agencies and rights holders to broaden client service offerings and grow collective revenue streams.” Barclay Nettlefold, QMS Media Group CEO and managing director.