WBD SPORTS EVENTS LIMITED

• ◆

  Material uncertainty over going concern

  Although the directors currently have no reason to believe that the Company will be unable to continue as a going concern after the completion of the PSKY Merger, the inability to fully assess the future financial and operational framework of the Company following the aforementioned transactions, including any future refinancing, indicates a material uncertainty which may cast significant doubt on the Company's ability to continue as a going concern.

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  Going-concern uncertainty disclosed

Figures converted to GBP from EUR at 0.856 per EUR (Frankfurter spot rate) — hover any figure for the original. — indicates the figure wasn't present under that line item in that period. The Δ column is the change from the prior filed period as a percentage of |prior|; lines a company doesn't report show —. About these numbers

Margins divide P&L lines by turnover. Gearing is liabilities over total assets. Current ratio is current assets over creditors falling due within one year. Interest cover is operating profit over absolute finance costs. Sector-distribution context coming next.

1. WBD SPORTS EVENTS LIMITED 2023-05-30 → present
2. DISCOVERY SPORTS EVENTS LIMITED 2021-10-27 → 2023-05-30
3. EUROSPORT EVENTS LIMITED 2010-10-01 → 2021-10-27
4. K.S.O. KIGEMA SPORT ORGANISATION LIMITED 2002-01-28 → 2010-10-01

Accounting basis

FRS 101

Reporting scope

Standalone (parent only)

Auditor

PricewaterhouseCoopers LLP

Audit opinion

Unqualified (clean)

Going concern

Material uncertainty disclosed

“Although the directors currently have no reason to believe that the Company will be unable to continue as a going concern after the completion of the PSKY Merger, the inability to fully assess the future financial and operational framework of the Company following the aforementioned transactions, including any future refinancing, indicates a material uncertainty which may cast significant doubt on the Company's ability to continue as a going concern.”

Significant events

• “In January 2026, WBD Inc., the ultimate parent company, entered into an amended and restated agreement and plan of merger, by and among WBD Inc., Netflix, Inc. ("Netflix"), Nightingale Sub, Inc., a wholly owned subsidiary of Netflix, and New Topco 25, Inc., a wholly owned subsidiary of WBD Inc. (the "Netflix Merger Agreement"), under which Netflix would have acquired the Streaming and Studios segments (subject to certain deviations) and certain other assets and liabilities, including the WBD Inc.'s film and television studios, HBO Max, and HBO, following the separation and distribution of Discovery Global to WBD Inc.'s stockholders (the "Separation Transaction").”
• “Following the WBD Inc. board of directors' determination that it had received a "Company Superior Proposal," as defined in the Netflix Merger Agreement, from Paramount Skydance Corporation ("PSKY") and Netflix's waiver of its right to propose revisions to the Netflix Merger Agreement, on February 27, 2026, in accordance with the terms of the Netflix Merger Agreement, WBD Inc. terminated the Netflix Merger Agreement in connection with entering into the PSKY Merger Agreement.”
• “In connection with the termination of the Netflix Merger Agreement, PSKY, on behalf of WBD Inc., paid Netflix a termination fee of $2.8 billion in cash (the "Netflix Termination Fee") as required by the terms of the Netflix Merger Agreement.”
• “On February 27, 2026, WBD Inc. entered into an agreement and plan of merger, by and among WBD Inc., PSKY, and Prince Sub Inc., a wholly owned subsidiary of PSKY ("Merger Sub") (as may be amended from time to time, the "PSKY Merger Agreement"), pursuant to which and subject to the terms and conditions therein, at the effective time, Merger Sub will merge with and into WBD Inc., with WBD Inc. surviving as a wholly owned subsidiary of PSKY (the "PSKY Merger").”
• “WBD Inc. shareholders approved the PSKY Merger on April 23, 2026. The completion of the PSKY Merger remains subject to the receipt of required regulatory approvals and other customary closing conditions.”

Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers

Filings

4

last 12 months

Capital events

0

last 24 months

Officers appointed

0

last 12 months

Officers resigned

0

last 12 months

Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.