June 20, 2016 / 10:57 PM / 2 years ago

Sports Direct, Modell's discuss joint bid for Sports Authority: WSJ

(Reuters) - British retailer Sports Direct (SPD.L) and New York City-based Modell’s Sporting Goods are in talks for a potential deal to buy as many as 200 stores of bankrupt retailer Sports Authority, the Wall Street Journal reported on Monday, citing people familiar with the situation.

A company logo is seen outside a Sports Direct store in Vienna, Austria, April 28, 2016. REUTERS/Leonhard Foeger

Bids for the sporting goods retailer's store leases are due on Thursday, the Journal said. (on.wsj.com/28K7uTq)

    Sports Authority filed for Chapter 11 protection in early March in the face of growing online competition, touching off a scramble to close weaker stores and find a buyer.

    Sports Direct, Modell’s Sporting Goods and Sports Authority were not immediately available for comment.

    Reporting by Anya George Tharakan in Bengaluru; Editing by Alan Crosby

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