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The Sports Authority, Inc. (“Sports Authority”) is headquartered in Englewood, Colorado. It operates over 400 stores in 45 U.S. states under The Sports Authority. The Company's e-tailing website, located at sportsauthority.com is operated by GSI Commerce, Inc. under license and e-commerce agreements.
About The Sports Authority
The Sports Authority, Inc. opened its first store in November 1987 in Fort Lauderdale, Florida. In 1990, with approximately nine stores in six states, the company was acquired by Kmart. Five years later, The Sports Authority had expanded to 136 stores in 26 states, and was spun-off from parent Kmart. At the time of its merger with Gart Sports Company, The Sports Authority was the largest full-line sporting goods retailer in the United States, and had 205 stores in 33 states.
The Sports Authority, Inc. announced on May 3, 2006 that it had completed the going-private transaction approved at a special meeting of Sports Authority's stockholders on May 2, 2006. As a result of the transaction, each issued and outstanding share of The Sports Authority, Inc. common stock was cancelled and converted automatically into the right to receive $37.25 in cash, without interest. The transaction was led by Leonard Green & Partners, L.P. and members of The Sports Authority's management. Sports Authority's common stock, formerly traded on the New York Stock Exchange, is no longer publicly traded.
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