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JJB's debt totalled £150m on falling into administration

Sportswear retailer JJB Sports fell into adminstration with £150m debts, it has been revealed, as its former stores attract little interest.

The sportswear retailer, which plunged into administration last month, owed £30m to product suppliers and £50m to landlords, according to a statement of affairs filed at Companies House.

It’s biggest unsecured creditors include Adidas, which was owed £10m, while Nike and Umbro were both owed £8m.

It also owed £45m to lenders, including £26m to Lloyds Banking Group and £19m to US backer Dick’s Sporting Goods.

Rival Sports Direct bought 20 JJB stores and its warehouse after it crashed into administration.

The retailer was put up for sale in September after dire trading, despite many major sporting events taking place over the summer, including London 2012. However, a buyer was not found.

Since the Sports Direct deal, only another 20 JJB stores are thought to have been taken on by retailers, most notably by discounter B&M, which has signed for three of its former stores.

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