JJB have made some terrible policy decisions over the last few years. They are victims of their own mismanagement, sadly though, the executives will probably leave with payoffs prior to administration and the workers will be left in the dole queue.

JD & SportsDirect will probably pick off a few stores each and save some jobs, however that wont help the head office/warehouse workers etc.

The bluechip companies in this country have really been exposed in the last few months.

A company with £60m debt and an asset worth an estimated £100m (Health Clubs) is unlikely to go bust.

I thought they had started to sell off the health clubs?

I know they sold off the soccerdomes to powerleague, but thought the health clubs had started to be broken up as well.

No they still own the Health Clubs in their entirety. A memo was sent out on Friday to around 10 interested parties who have shown an interest in buying them. They could be debt-free if they can complete a sale, not many high street retailers can say that at the moment.

Fair enough. It would be interesting to see though if any company was willing to buy the clubs outright, but that way, or selling them off in bits wouldn't matter to JJB I dont suppose.

JJB wont go bust more downsize until the storm is over. There are areas where JJB have sold to SD.com or closed and SDs takings have gone up 25% so it benefits that company.

JJB will probably close smaller stores like Leigh and focus on their top 50% of shops streamlining their products. They are currently building a partnership with Adidas and Nike to revamp areas of the shop to accomodate new clothing and footwear. Its going to be tough but they will get through it, thats if they have balls and cut losses quickly.

sky reporting that two subsidiaries off jjb to go into administration.

rlhttps://www.bitterwallet.com/deathwatch-jjb-footwear-spin-off-in-administration/7499rl

It's not looking good.

Where would that leave Latics sponsorship?

I suppose it depends if they've been paid up front like us. If they haven't then I suppose it means going finding another sponsor ASAP. If they have been paid up front then they're quids in if they decide to find another sponsor.

who cares ]

Next season the Stadium naming and Latics sponsor is up. From what ive been told both will be new.

JJB are announcing a sponsorship of dart player Phil "the power" Taylor in the Observer so can't be so hard up.

darts players are probably cheaper than a stadium or a football team, even if it is Phil 'The Power'

Disco Dave in Corrie last week