Ernst & Young said 30
sites would close following
the sale of Riley's' assets
to Valiant Sports, a company
which Include some of the
firm's existing directors.
Joint administrator Simon
Allport, said: "The
companies have been
experiencing tough trading
difficulties due to a
downturn in trade and a
heavy debt burden and were
unable to trade outside of
administration. "Fortunately
we have been able to secure
a deal, which means 129
sites will continue to
trade, and the brand and
1,200 jobs will be
preserved."
