JJB SPORTS & JD SPORTS IN TAKEOVER TALKS

Two names familiar to our UK readership could be set to become one should takeover talks between JB Sports and JD Sports come to fruition, with JD sports ready to buy up the struggling Bury-based JJB.

JJB Sports has been in hot water for some time, as internet shopping and heavily-discounted stores like Sports Direct have forced store closures and seen their share value topple by over 80% in the past year.

It seems timely then, that competitors JD Sports could be set to make'  a takeover bid for the struggling chain, which currently holds some 250 stores in it’s dwindling empire.

”The highly preliminary nature of these discussions is such that there can be no certainty that any offer will be made or as to the terms of any offer,” said JJB.


The possibilities of JJB surviving without a takeover seem to look dwindling, as the board of directors has been forced to plead with shareholders for £31.5m to pay off it’s highest creditors and keep the business going until March.

The emergency fundraising comes only a year after JJB staved off administration through a £100m equity raising and renegotiated leases.

As someone who bought many ‘classic’ football shirts, and some much-cherished Gunmetal Silver adidas Predator Mania football boots from JJB in his childhood, I’d be gutted to see JJB close it’s doors.

But without a doubt it’s in serious need of some help, what do you guys think would be the best move for JJB?

Drop us a comment!


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5 Comments

  • i think they need to re evaluate there financial situation maybe a cash flow injection is the best idea or maybe become internet only! this would be great as it would bring there costs to a more competitive level with it competitors in the market place.

  • im not too sure, jjb can be good but they need to have more variety. when i used to shop there was not a range of training equipment, or shoes/ trainers. jd sports is just too expensive though

  • I thought Sports Direct bought out JJB- ending Wigan’s association with the brand?!

    Jjb’s website is pony tho! They still say they sell Concaves!

  • JJB sports should shut down. they take the berties by overpricing their football boots. I walked in there today then walked straight back out

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