Sports Authority bankruptcy sale could close remaining stores – CNNMoney

Sports Authority, the struggling chain which filed for bankruptcy in March, is weighing a sale of its assets that could be end up closing most if not all of its 450 stores.

Under its original bankruptcy filing, the chain had planned to close 140 stores and to keep the rest open under the Sports Authority name. But attorneys for Sports Authority notified the federal bankruptcy court in Delaware last week that it could not win approval for that reorganization plan from its creditors and lenders.

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