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Published on: 6th August, 2009 | Comments(0)
After the news a couple of weeks ago that Canterbury were in trouble and heading into administration it has now been announced that the ailing company have been taken over by JD Sports.
JD Sports recently bought shares in Kooga but it is believed the two brands will remain separate and will continue to trade under both brands.
The deal for Canterbury is thought to be worth around £6.5 million and in clude some fixed assers, the brand name and goodwill. JD Sports will run the European arm of the company rehiring some of the 72 workers laid off after the administration announcement but the Australia and New Zealand arm willbe run by a third party but licensed by JD Sports.
Canterbury have lways been known for being involbed in Rubgy but over recent season they have started to increase their interests in the football market.
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5 Million, Administration Announcement, Ailing Company, Australia And New Zealand, Brand Name, Canterbury, Goodwill, Heading, Jd Sports, Kooga, Rubgy, Shares, Sports News, Takeover, Third Party