Business news :Sports Direct Leads Bidders for JJB Sports (UK)

Sports Direct is believed to be close to arranging to buy the most profitable stores from JJB under a controversial "pre-pack" administration, according to reports in the U.K. press. JJB Sports put itself up for sale at the end of last month as it sits on the brink of administration.

The deal would reportedly see more than half of JJB's 180 stores closed.

Also reportedly showing interest in the acquisition are restructuring specialists GA Europe and Hilco and Stafford Group, the owner of Ireland's biggest sports retailer and the owner of the Lifestyle Sports.

( SportsOneSource Media )

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