Mama Group, the live music venue operator, has sold The Fly, a London-based bar, to two first time buyers for an undisclosed sum. Eral Hass and Raphael Skinner plan to relaunch the West End site as The Bowery and were assisted in their acquisition by Christie Finance. The venue, which is currently undergoing a refurbishment, comprises of a 1,100 sq ft ground floor lounge and bar area and a 1,555 sq ft basement bar. The site’s new owners previously worked at the o2 Academy in Islington as general manager and bar manager.