sports authority gives up on survival; auction set for may 16 /

Published at 2016-04-27 00:15:55

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ENGLEWOOD,Colo. — 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 that debtors will pursue a sale, and according to a report Tuesday by Dow Jones Newswires. 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 location at East 10th Avenue […]

Source: kdvr.com

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