JJB Sports has confirmed it has received “a number” of offers to acquire all or the majority of the business.
In a statement to the City the sports fashion retailer said: “JJB continues to hold discussions with a number of parties but it is unlikely that any value will be attributable to the ordinary shares.”
JJB put itself up for sale on August 30, hiring KPMG last month after suffering dismal trading.
Restructuring firm GA Europe is believed to have submitted an offer in time for last Friday’s first-round deadline.
Jon Moulton’s Better Capital and French sports retailer Decathlon have ruled themselves out of the running.
Sources close to the situation today quashed speculation that KPMG is in a race against time to complete a sale of the troubled retailer before rent quarter day.