|Report: GAME leaving administration soon, RBS 'wins bid' for retailer|
|Posted: 29.03.2012 11:40 by Simon Priest||Comments: 1|
The major drama surrounding GAME Group looks to be ending sooner than expected as a Royal Bank of Scotland-led consortium of banks is imminently sealing a deal for the retailer.
The period of administration could be over as earlier as tomorrow, March 30th. GameStop failed to show interest despite 277 stores closed down. Why was the OpCapita deal turned away?
If the Comet-owner OpCapita had of had its bid accepted by RBS then a lot of the 2,000 jobs might have been saved. RBS is accused of sabotaging the deal for its own gain.
Sources close to the negotiations are certain a deal to save GAME Group from oblivion is practically done, letting the administrators leave and GAME to continue to operate. The Royal Bank of Scotland was tipped as a front runner for the retail chain, but it seemed more likely GameStop or OpCapita would clinch it.
277 stores have closed costing 2,104 UK jobs - some accuse RBS of toying with employee’s jobs in order to secure themselves a more favourable deal. At least for those left with a pay cheque can continue to work should this report of a deal to save GAME prove fruitful.