Sports Authority holds out hope for last-minute sale to stave off liquidation
Sports Authority is still pursuing a “robust” sale process and is not fully liquidating just yet, attorneys for the sporting goods retailer told a federal bankruptcy judge on Tuesday.
Several parties have expressed interest in all or substantially all of the Englewood-based company’s assets, attorney Robert Klyman told Judge Mary Walrath at a hearing in the U.S. Bankruptcy Court in Wilmington, Del.
“The liquidation word is not in our vocabulary,” Klyman said.
Sports Authority and its lenders reached an agreement with the debtor-in-possession financing, allowing it to continue to pursue the sales process, the attorneys said.
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SPORTS5099.jpg The Sports Authority store at Village at the Peaks Wednesday morning. Lewis Geyer/Staff Photographer April 27, 2016