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%
Community Reviews
Share your experience →Tracked Locations
CA (1)
Los Angeles
8100 Main St
Los Angeles, CA 90001
555-120-6027
FL (1)
Tampa
9789 Main St
Tampa, FL 33601
555-933-4879
IL (1)
Chicago
6449 Main St
Chicago, IL 60601
555-526-4010
NC (1)
Charlotte
548 Main St
Charlotte, NC 28201
555-893-8989
TN (1)
Nashville
2473 Main St
Nashville, TN 37201
555-875-3802
WA (1)
Seattle
4363 Main St
Seattle, WA 98101
555-485-2311