Around the Net
Sports Authority Preparing For Bankruptcy
- Bloomberg, Monday, February 8, 2016 10 AM
With a debt payment due in 10 days, Sports Authority Inc. is lining up its ducks to file for bankruptcy, per sources. The company is in talks with lenders including TPG Capital Management LP
on a deal to reorganize in Chapter 11 bankruptcy proceedings. The company, formerly the largest sports chain, may close as many as 200 of its more than 450 stores under the bankruptcy plan.
