Bloomberg News

JJB Sports Had 150 Million-Pound Debts, Telegraph Says

November 10, 2012

JJB Sports Plc, a U.K. sporting- goods retailer, was saddled with about 150 million pounds ($238.4 million) of debt when it collapsed, the Daily Telegraph reported, citing a Companies House filing.

JJB, which called in administrators in September, owed 46 million pounds to lenders, including 26 million pounds to Lloyds Banking Group Plc, the newspaper reported. It also owed 50 million pounds to landlords, 19 million pounds to U.S. retailer Dick’s Sporting Goods and 30 million pounds to suppliers, including Adidas, Nike and Umbro, according to the Telegraph.

The newspaper said the company’s total debt was 266.8 million pounds, of which 117 million was inter-company payments.

To contact the reporter on this story: Anchalee Worrachate in London at aworrachate@bloomberg.net

To contact the editor responsible for this story: Dick Schumacher at dschumacher@bloomberg.net


Cash Is for Losers
LIMITED-TIME OFFER SUBSCRIBE NOW
 
blog comments powered by Disqus