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.
More top news
A video showing the moment a carriage on the Smiler rollercoaster at Alton Towers crashed into an empty car has been shown in court.
A mixed week ahead
The region’s fire chief has apologised after a tweet saying he was ‘ashamed to be a firefighter’ angered crews