Stonegate is prepared to pump money into all aspects of Ei Group’s estate, should the deal go through, chief executive Simon Longbottom has told The Morning Advertiser (MA).
Stonegate Pub Company has today (18 July) agreed to buy pubco Ei Group for £1.27bn, which will see the operator’s estate rise by 4,000 sites, making Stonegate the UK’s largest pub owner.
Ei Publican Partnerships, Molson Coors and Sky Sports have agreed a partnership that will see them deliver bespoke sports experiences across Ei’s estate of leased and tenanted pubs.
Pubco Ei Group has invested more than £3m into pubs across the West Midlands over the past six months, as part of the group’s capital investment of £80m a year across its estate.
A petition backing the operators of a suburban pub in their efforts to purchase the site’s freehold from Ei Group has achieved more than 1,000 signatures.
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Ei Group will continue to invest in its managed house operation and plans to increase the number to more than 400 this year before reaching 500 in 2020, said chief executive Simon Townsend.
One tenant has spoken out about a “draining” two-year experience negotiating a free-of-tie rent figure with Ei Group and describes feeling penalised by the process.
