Discussions regarding the sale of Sportscover entities to Haverford have ended for undisclosed reasons.

Haverford was to buy Sportscover syndicate 3334 and SCI Capital. Talks started in the latter half of last year.

Yesterday Peter Nash, chairman of Wild Goose Holdings (the holding company for Sportscover) said the talks have ceased.

Nash said: “We had hoped for a different conclusion, but things don’t always work out as you had planned.

"We will continue to pursue our Group expansion plans as usual and will look at other potential opportunities as they arise.”

Haverford chairman Mark Byrne said: “This is a disappointing end to what we thought was a promising discussion.”