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Thousands of jobs at risk at JJB Sports

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.

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