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first_img Show Comments ▼ TROUBLED retailer JJB Sports is expected to try and raise a further £50m from shareholders, according to reports over the weekend. The company has already tapped investors for £31.5m and asked its lender Bank of Scotland to waive imminent covenant tests on a £25m loan. Shareholders including the Bill & Melinda Gates Foundation, Invesco Perpetual and GoldenPeaks Capital supported the cash injection, which involved placing ordinary shares at 5p each on Christmas Eve.JJB has agreed in principle to offer non-executive board roles to some of its investors as part of the fund-raising.A spokesperson for JJB Sports declined to comment yesterday, saying the company had nothing to add beyond its statement on 23 December. Chief executive Keith Jones said at the time that “despite the generally challenging trading conditions, we are encouraged by the performance of our six transformed stores”. The firm said stocking problems and the icy weather had dampened sales in the run-up to Christmas, but that it hoped to continue revamping its 240-odd stores. JJB replaced its chairman John Clare in December with Mike McTighe, former global chief of operations at Cable & Wireless with experience in corporate restructuring. The new management team will begin a review of the company this week to overhaul its strategy. The firm is expected to post a trading update later this month. FTSE-listed JJB Sports shares lost 81 per cent of their value over the course of 2010 and closed at 5p on 31 December. JJB Sports to ask for £50m whatsapp Tags: NULL Share Monday 3 January 2011 11:11 pmcenter_img by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesBrake For ItThe Most Worthless Cars Ever MadeBrake For ItBetterBe20 Stunning Female AthletesBetterBeAlphaCute30 Rules That All “Hells Angels” Have To FollowAlphaCuteDefinitionDesi Arnaz Kept This Hidden Throughout The Filming of ‘I Love Lucy’DefinitionTaonga: The Island FarmThe Most Relaxing Farm Game of 2021. No InstallTaonga: The Island Farmthedelite.comNetflix Cancellations And Renewals: The Full List For 2021thedelite.com whatsapp KCS-content More From Our Partners Russell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comKansas coach fired for using N-word toward Black playerthegrio.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgFans call out hypocrisy as Tebow returns to NFL while Kaepernick is still outthegrio.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgFort Bragg soldier accused of killing another servicewoman over exthegrio.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgColin Kaepernick to publish book on abolishing the policethegrio.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgKiller drone ‘hunted down a human target’ without being told tonypost.comPorsha Williams engaged to ex-husband of ‘RHOA’ co-star Falynn Guobadiathegrio.comInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.comMan on bail for murder arrested after pet tiger escapes Houston homethegrio.comSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comLA news reporter doesn’t seem to recognize actor Mark Currythegrio.comFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comMark Eaton, former NBA All-Star, dead at 64nypost.comlast_img read more