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After share price plummet, JJB Sports thinks about going private - BikeBiz

After share price plummet, JJB Sports thinks about going private

Not even sales of football shirts during the World Cup improved fortunes for the UK's largest sports retailing chain and now the Financial Times - and other newspapers - reports that the management of JJB Sports is considering taking the company private.
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JJB issued a profits warning earlier this summer which sent its share price into freefall. This has led to press speculation that the chain - which sells bicycles as well as other sports equipment - could be looking to go private.

34 percent of JJB Sports is owned by founder and chairman David Whelan, and son-in-law and chief executive Duncan Sharpe.

The Financial Times reports that JJB execs are mulling several options that also include sale to a trade or financial buyer.

However, JJB is likely to wait until next year, after this autumn's football, back-to-school and Christmas sales seasons, said the FT.

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