Ultimate Leisure chief executive Mark Jones and his operations director Colin Rowlinson have cleared a £600,000 profit after selling their 3.5% stake in Revolution bar operator Inventive Leisure, the Morning Advertiser reports. The move will be seen as clearing the way for nightclub operator Ultimate to consider a takeover of Inventive. By retaining their stake, Jones and Rowlinson might have been in danger of a conflict of interest if Ultimate made a bid for Inventive. Jones and Rowlinson were parachuted into Ultimate last month after a shareholder revolt forced out the existing management team including chief executive Bob Senior and chairman Allan Rankin. Two weeks ago, it was revealed that private equity firm Alchemy Partners had made an approach to take Inventive private. Jones and Rowlinson sold their 3.5% stake for 157.5p, almost 100% higher than the 86p they paid for most of their shares. Some of their stake had been built up with via so-called contracts-for-difference at 108p, a device that allows buyer to retain anonymity. Earlier this year, the pair made a profit of around £3.5m when property tycoon Robert Tchenguiz bought Yates Group. Meanwhile, the Global Beverage Fund has revealed it holds a 5.33% stake in Inventive. The fund was founded in 1990 and holds a global beverage database that follows the fortunes of 656 publicly listed companies in 61 markets. "The fund clearly wants a pivotal position at Inventive," said one City analyst.