Sports Authority committee requests adjournment to allow response time

By Caroline Salls

Pittsburgh, March 23 – Sports Authority Holdings, Inc.’s official committee of unsecured creditors asked the U.S. Bankruptcy Court for the District of Delaware to postpone hearings on the company’s proposed debtor-in-possession financing and asset sale procedures, according to a motion filed March 22.

Specifically, the committee said the hearings should be adjourned for about one week to give it enough time to evaluate and respond to the motions, “which seek relief that will fundamentally affect the future direction of these cases, the prospects for the debtors’ reorganization or realization of a going concern sale, and the recoveries by creditor constituencies in the cases.”

In addition, the committee said Sports Authority’s depositions of the committee’s witnesses should be quashed and otherwise rescheduled until the committee has had an adequate opportunity to investigate the facts underlying the DIP financing motion.

A hearing on the continuation motion is scheduled for March 24.

Sports Authority, an Englewood, Colo.-based sporting goods retailer, filed for bankruptcy on March 2. The Chapter 11 case number is 16-10527.

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