Denver Post · May 3, 2016
Sports Authority: Still pursuing "robust sale" process
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.
