Ten pretenders for JJB SportsMonday, 10 September 2012
Rumors about the future of JJB Sports have spread across the City, with everyone making bets on who will be the new owner of the struggling retailer. Contestants include venture capital firms, direct competitors and external administrators.
With over 80 percent of its value, the battered retailer might have arisen interest among far well different candidates, including the private equity expert Jon Moulton, owner of Better Capital. Another name sounding for the deal is Hilco UK, with broad experience in retail. OpCapita, a private investment partnership specializing in the retail, consumer and leisure sectors is also reported to have expressed an interest in JJB Sports, according to Manchester press.
Finally, everyone in the City is speculating that some potential rescuers for the struggling sports brand might wait until after administration to launch a bid. This would be the case of Decathlon, JD Sports and Sports Direct.
Bill Gates, who invested in JJB through his foundation, is said to be one of the main affected parties, as he might lose close to 20 million dollars.