Sports Authority received several bids covering “substantially all” of its intellectual property assets, bankruptcy research firm reported Tuesday.
The bankrupt sporting goods retailer, which is in the nationwide, received bids for “several” property leases as well as offers for intellectual property assets, according to a report issued Tuesday by Reorg. The research and analysis firm cited information provided by a Sports Authority attorney during a U.S. Bankruptcy Court hearing in Delaware Tuesday.
Reuters previously reported that .
An auction is scheduled for Wednesday with a follow-up hearing coming July 15.
Englewood-based Sports Authority to market and sell assets such as its trademarks, including Sniagrab, Tommy Armour and Alpine Design, as well as its e-commerce site, customer database and the naming rights for Mile High Stadium in Denver. Hilco Streambank set a deadline of Monday afternoon for the bids.
It’s unclear which intellectual property assets received offers. Sports Authority and Hilco Streambank officials and attorney Matthew Williams could not be immediately reached for comment.
At Monday’s board meeting for the Denver Metropolitan Football Stadium District, officials said they remained in a “waiting game” for information on the Sports Authority assumed from Invesco Funds in 2011. Sports Authority owes the district just under $20 million for the five years remaining on its contract.
Sports Authority previously asked the bankruptcy court for permission to reject, or get out of, .
Sports Authority in March, . Sports Authority from bankruptcy and instead started to unravel, resulting in the closure of stores, layoffs of thousands of employees, shuttering of its headquarters and a plethora of broken contracts with vendors, sports organizations and professional sports teams.
This story will be updated.
