Sports Authority
PE-Owned1 Documented ImpactLBO loaded massive debt preventing e-commerce investment. All 463 stores liquidated in 2016. 14,000 jobs lost.
Ownership Information
Sports Authority is owned by Leonard Green & Partners. Private equity ownership often leads to cost-cutting, price increases, and reduced quality of service as firms prioritize returns for investors over customers and employees.Learn more about PE ownership impact →
Timeline
Sports Authority founded
Acquired by Leonard Green & Partners for $1.3 billion
Sports Authority liquidated all 463 stores after $1.3B LBO
Leonard Green's leveraged buyout loaded massive debt preventing e-commerce and store modernization. All 463 stores closed by August 2016. 14,000 workers lost their jobs.
Sports Authority to Close All Stores
Fortune →Before vs. After PE Acquisition
Store count
Reported 2016
Before PE
463 stores
After PE
0 (liquidated)
↓ 100%
Tracked Locations
FL (1)
Tampa
8409 Main St
Tampa, FL 33601
555-464-9312
IN (1)
Indianapolis
1327 Main St
Indianapolis, IN 46201
555-376-4563
NC (1)
Raleigh
5662 Main St
Raleigh, NC 27601
555-269-5562
NY (5)
New York
245 Main St
New York, NY 10001
555-458-3019
New York
7739 Main St
New York, NY 10001
555-603-8403
New York
7222 Main St
New York, NY 10001
555-147-9444
New York
4658 Main St
New York, NY 10001
555-934-3517
New York
4507 Main St
New York, NY 10001
555-483-6182
OH (1)
Cleveland
8135 Main St
Cleveland, OH 44101
555-426-3885
TX (1)
San Antonio
5514 Main St
San Antonio, TX 78201
555-285-2939