Sports Authority Anticipates Buyer for ‘Major Portions’ of Stores – Wall Street Journal

No lead bidder has stepped forward to rescue Sports Authority from bankruptcy, but the distressed athletic-gear retailer expects “substantial parties” to make offers for all “or at least major portions” of its operations, company lawyer Robert Klyman told a judge Tuesday.

“Contrary to rumors and certain press reports, the debtors are not liquidating today,” Mr. Klyman said at a hearing in the U.S. Bankruptcy Court in Wilmington,…