Partner Article

JJB Sports will enter administration

Shares in stricken sports retailer JJB were suspended from the Stock Exchange’s AIM market, as the company announced it will enter administration.

Brian Green, David Costley-Wood and Richard Fleming, all partners of KPMG LLP, will be appointed as administrators of the company.

The Group will continue to trade through all of its shops until a buyer can be found for the business.

A statement from the company said JJB and its advisers had held discussions with “a number of selected parties” who had submitted final offers.

Based on the final offers received, JJB said “no value” will be attributable to the Company’s ordinary shares.

This was posted in Bdaily's Members' News section by Tom Keighley .