senior creditors

Nicholas Eckhart

Sports Authority Almost Had To Shut Down Liquidating Stores, Still Pays Millions In Bonuses

Defunct sporting goods retailer Sports Authority almost had to shut down its liquidation sale early, having run out of cash. Instead, they made a last-minute deal with lenders to keep the liquidation sales going. Don’t worry, though: executives will still get a total of $2.85 million in bonuses. [More]