Leonard Green’s Sports Authority misses interest payment

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Cincinnati Reds third baseman Todd Frazier (21) strikes out and loses his helmet during the fourth inning against the Chicago Cubs at Wrigley Field June 12, 2015. Mandatory Credit: Caylor Arnold-USA TODAY Sports - RTX1GALK
Sports Authority Inc, which is backed by Leonard Green & Partners, is reportedly nearing bankruptcy after missing an interest payment. Englewood, Colorado-based Sports Authority skipped a roughly $21 million interest payment that was due January 15 for a subordinated debt loan, ...

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