Spectral Jester Posted March 29, 2012 Report Share Posted March 29, 2012 GAME are poised to leave administration, with a Royal Bank of Scotland led consortium preparing to bail out the ailing retailer, according to the latest reports. “Sources” close to the deal reckon that it could be signed off as early as tomorrow. Should it go through, the rescue package will raise a few questions, especially regarding RBS’ rumoured block of a bid by OpCapita before GAME went into administration last week. Such behaviour suggests, but by no means confirms, that RBS - who are already a leading funder to the company - wanted GAME to slip into administration so they could arrange a cheaper deal once the time came. Allegedly. Don't sue me. In the last few days, GAME’s administrators have shut 277 stores with a view to making 2014 redundant. Yet the potential RBS deal does not guarantee those jobs, nor the reopening of the stores. GAME’s future still looks very different to its past. Quote Link to comment Share on other sites More sharing options...
RedStarRocket91 Posted March 29, 2012 Report Share Posted March 29, 2012 I don't get it. GAME have been bleeding money for years now, why would anybody want to get into a venture where even after the initial outlay, they probably aren't going to see any profits? Quote Link to comment Share on other sites More sharing options...
Caboose Posted March 29, 2012 Report Share Posted March 29, 2012 If it stays open then yay if not ohhhhhhhhhhhhhh Quote Link to comment Share on other sites More sharing options...
Lᴜᴋᴇ Posted March 29, 2012 Report Share Posted March 29, 2012 Game and similar shops are not a battle worth fighting. Competitors like Amazon have completely destroyed them. Quote Link to comment Share on other sites More sharing options...
Recommended Posts
Join the conversation
You can post now and register later. If you have an account, sign in now to post with your account.