Why The Sports Authority Bankruptcy Is Good News

Why The Sports Authority Bankruptcy Is Good News
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(Cyrus McCrimmon, Denver Post file)

Englewood-based Sports Authority early Wednesday morning filed for Chapter 11 bankruptcy, hoping to reorganize its operations and reduce its $1.1 billion debt, according to court documents and an interview with CEO Michael Foss. The filing in U.S. Bankruptcy Court in Deleware was expected. In the bankruptcy filings, the company listed assets in the range of $500 million to $1 billion and debts greater than $1 billion…

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