Administrators enter Gameplay

High street videogames retailer Game has gone into administration, putting some 10,000 jobs at risk.

by Rebecca Burn-Callander
Last Updated: 19 Aug 2013

The videogames retailer is down to its last life as PricewaterhouseCoopers combs through the company’s accounts to try and salvage what remains of the business. Last Wednesday, Game suspended trading on the London Stock Exchange, saying, ‘there is no equity value left in the group,’ a sure sign that the retailer was approaching the kill screen.

The search for a buyer has reached Legend of Zelda proportions as Game seeks to save its 1,300 stores, 600 of which are in the UK. But any potential white knight needs to have around £180m in the kitty to pay off the firm’s debts. It’s not over till it’s game over, however. Game’s principle lender, Royal Bank of Scotland, may still throw the firm a lifeline by acquiring what remains of the brand.

Read the sorry tale of Game’s downfall here

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