Ireland's 'Paddy Power' in Talks to Sponsor UFO Hunt

Paddy Power, one of the world's leading online betting brands, have today confirmed they are in preliminary talks with a Swedish ocean exploration team to sponsor an expedition to uncover the identify of an anomaly that was found during a recent sonar survey of the floor of the Baltic Sea.

On 19th of June 11, a group of Swedish maritime treasure hunters got a sonar hit of a strange circular object located 285-feet (87-meters) below the surface of the Baltic Sea between Sweden and Finland.

Peter Lindberg, the leader of the Swedish Ocean Explorer team that discovered the unusual object, claimed that the as yet unidentified "thing" forms a perfect circle and is almost 197-feet (60-meters) in diameter.

Speaking of the find, Lindberg said, "You see a lot of weird stuff in this profession, but during my 17-18 years as a professional I have never seen anything like this". Paddy Power have in turn slashed the odds on alien life being proven from 40/1 to 20/1.

Ken Robertson from Paddy Power said "This story has been on our radar for the past two weeks during which time we've received literally hundreds of requests for odds on a UFO being discovered. We're very hopeful for a successful collaboration with the Swedish Ocean Explorer which will finally solve this mystery. The truth is out there!"

Paddy Power is Ireland's largest bookmaker and a leading provider of gaming services in the UK, Australia and Ireland. Founded in 1988 Paddy Power is a publicly quoted company and is listed on both the Irish and London Stock Exchanges (www.paddypowerplc.com)