JJB Sports will be kicked into touch, says founder

The founder of JJB Sports, David Whelan, today told The Sun that he thinks his old company will go to the wall because of its financing problems.

Last Updated: 06 Nov 2012

Whelan said: 'I can't see how they're going to survive. When you lose money like that, you are going to pay the price.' 

US sports chain Dick's Sporting Goods made a £20m investment in JJB back in April for 3% of the company, but has announced it is writing off the investment because of JJB's poor performance. An own goal, you might say.

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