SPORTS AUTHORITY DEBT IS SO BAD...
SPORTS AUTHORITY owes over $100 MILLION in administration and liquidation costs and over $1 BILLION that it owes its creditors....
What happens when we finally see SPORTS and SPORTING GOODS fail? Is it coming?
What's happening to SPORTS today in America? Well the big names are still thriving and the entertainment industry is apparently spreading itself far and wide expanding the foundations of education and entertainment in America. But what happens when the money runs out? The CEO's get a handsome bonus, shareholders and investors lose, and the government bail outs prevail:
http://fortune.com/2016/05/02/sports-authority-liquidation/
http://www.nbc15.com/home/headlines/Sports-Authority-closing-377814331.html
...developing...
