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Sports Authority to close 140 locations following $1.1 billion debt announcement

Sports Authority to close 140 locations following $1.1 billion debt announcement

(Cheyenne, Wyo.) - It was announced yesterday by national reports that Sports Authority made the decision to close 140 stores after filing for bankruptcy, Mar. 2. The four Wyoming locations were not listed among the 140 store closures following yesterday's announcement. The company is reportedly $1.1 billion in debt, in which the CEO Michael Foss stated that the company will, "use the Chapter 11 process to streamline and strengthen our business both operationally and financially so that we have the financial flexibility to continue to make necessary investments in our operations.” *Feature photo: Sports Authority h/t WikiCommons/Pitchengine Communities* See the full list of store closures here .