JJB Sports set to sell health clubs

Struggling sportswear chain JJB Sports today said it was on the brink of a life-saving deal to sell its health club division.

The Wigan-based group – said to be in talks with founder Dave Whelan over the sale – is saddled with around £60m (€65.3m) in debts and under pressure from its banks to strike a deal.

JJB said it remained “in active negotiations” over the sale, as well as with lenders regarding “the terms of their continued support”.

“All parties are working to finalise and document the terms of a proposed transaction and a further announcement will be made later today,” the company said.