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The founder of Wigan based company JJB says he'll try and save some of the stores after the company went into administration. Dave Whelan says the two thousand jobs are being lost simply through bad management
One of Britain's biggest sports retailers has announced it's going into administration.
JJB Sports has its headquarters in Wigan. It employs more than 4,000 people nationwide but half those jobs could now go.
In 2007, its shares were worth almost 30 pounds a piece. In 2008 the share price plummeted as the financial crisis hit. Today trading was suspended with them worth less than one penny each.
The company was started by Wigan Athletic owner Dave Whelan in 1971.
Shares in Wigan- based JJB Sports have been suspended as the retailer prepares to call in the administrators.
The supplier of sportswear and equipment has been struggling for some time.
The fate of its 4,000 employees and 180 stores across the country isn't yet clear.
Latest ITV News reports
Wigan-based JJB are set to appoint administrators after finishing their attempts to rescue the business.