Your browser is no longer supported. For the best experience of this website, please upgrade to a newer version or another browser.

Your browser appears to have cookies disabled. For the best experience of this website, please enable cookies in your browser

We'll assume we have your consent to use cookies, for example so you won't need to log in each time you visit our site.
Learn more

JJB in discussions with "potential strategic investor"

JJB Sports has revealed that it is in discussions about additional financing with its bank and a “potential strategic investor.”

The disclosure was made after the retailer’s share price surged this morning.

Sportswear giant Sports Direct has ruled itself out, declaring it has not been involved in any discussions with JJB Sports.

JJB has held discussions with its lending bank and a number of potential strategic partners and investors over recent weeks to raise additional capital. It remains in talks with one of the potential investors.

It said: “Constructive discussions continue with the company’s lending bank and one of the potential strategic partners and have been widened to include other key stakeholders.”

Its share price soared nearly 50% this morning. JJB was the biggest riser today on AIM.

Readers' comments (1)

  • Anyone investing in JJB would have to be totally insane. You would be better off backing a one legged horse winning the Grand National. JJB makes huge losses and will continue to do so, whatever their share price. Avoid.

    Unsuitable or offensive? Report this comment

Have your say

You must sign in to make a comment

Please remember that the submission of any material is governed by our Terms and Conditions and by submitting material you confirm your agreement to these Terms and Conditions. Links may be included in your comments but HTML is not permitted.