BusinessBusiness RecoveryAllsports out of administration

Allsports out of administration

JD Sports purchases Allsports for £18m as a going concern

The future of 1,850 jobs were today secured after Allsports administrators
BDO sold the company’s assets to JD Sports for £18m.

JD Sports has acquired the business as a going concern, and taken on some of
the existing liabilities from the administrators including landlords, employees
and for the retention of title stock.

The deal consists of the property rights to 178 Allsports stores.

‘This is a brilliant result for a large range of stakeholders,’ said BDO lead
administrator Dermot Power. ‘No doubt JD Sports will rapidly absorb and benefit
from the Allsports estate.’

Power made special thanks to Allsports staff who ‘worked hard through a real
period of uncertainty’.

Related Articles

Carillion CFO blew whistle over 'sloppy accounting' months before collapse

Business Recovery Carillion CFO blew whistle over 'sloppy accounting' months before collapse

3m Alia Shoaib, Reporter
Toys R Us UK and Maplin enter into administration after failing to secure buyers

Business Recovery Toys R Us UK and Maplin enter into administration after failing to secure buyers

3m Alia Shoaib, Reporter
How to avoid a Carillion collapse

Business Recovery How to avoid a Carillion collapse

4m Russell-Cooke
Carillion collapse: The week so far and industry reaction

Business Recovery Carillion collapse: The week so far and industry reaction

4m Emma Smith, Managing Editor
Kingston Smith & Partners appointed trustees in bankruptcy of ex-Newcastle United footballer

Business Recovery Kingston Smith & Partners appointed trustees in bankruptcy of ex-Newcastle United footballer

4m Emma Smith, Managing Editor
Carillion: PwC appointed as special managers – what happens now?

Business Recovery Carillion: PwC appointed as special managers – what happens now?

4m Emma Smith, Managing Editor
Investment firm acquires Avon Steel Company Limited

Business Recovery Investment firm acquires Avon Steel Company Limited

6m Emma Smith, Managing Editor
Manchester law firm enters into administration

Business Recovery Manchester law firm enters into administration

6m Emma Smith, Managing Editor