Thursday, May 12, 2016

Modell's said to back off bid to keep Sports Authority name alive


Customers enter the Sports Authority flagship "Sports Castle" at 1000 Broadway in Denver on Tuesday, April 26, 2016.Sports Authority Inc.'s hopes to avoid liquidation are fading.

With bids for Englewood-based Sports Authority's assets and leases due Wednesday, Modell's Sporting Goods Inc. has backed away from a potential deal for the chain that would have kept some of the stores operating under their current name, according to people with knowledge of the matter.. . . more

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