DENVER — Sports Authority has given up on plans of reorganizing and exiting bankruptcy. Instead a lawyer for the Englewood-based sporting goods chain told a bankruptcy judge debtors will pursue a sale. That’s according to a report Tuesday afternoon by Dow Jones Newswires in the Denver Post. Sports Authority filed for bankruptcy protection in March. It’s more than $1.1 billion in debt. Some stores were already closing when the bankruptcy was announced. Others are currently closing including the ‘Sports Castle’ […]
Source: kdvr.com