Daily News: May 18, 2016

Tiger, Hilco, Gordon Brothers Prevail in Sports Authority Auction


The Wall Street Journal reported that Tiger Capital Group, Hilco Global and Gordon Brothers were among a group of firms that were the winning bidders in an auction for Sports Authority Holdings’s assets.

The Journal noted the group of winning bidders beat out an alternative offer from a second group that included Yellen Partners, SB Capital Group and 360 Merchant Solutions.

The Journal reported the winning group will pay 101% of the cost of the retailer’s inventory, plus a $1.8 million augment guarantee.

Some controversy remains over Sports Authority’s attempt to sell its naming rights to the Denver Broncos’ football stadium