▁£ 1 . 2   mill ion ▁by ▁September ▁ 2 0 1 2 . ▁ ▁On ▁ 2 4 ▁September ▁ 2 0 1 2 , ▁it ▁was ▁reported ▁by ▁the ▁BBC ▁that ▁shares ▁in ▁J JB ▁Sports ▁had ▁been ▁susp ended , ▁and ▁that ▁the ▁firm ▁was ▁calling ▁in ▁the ▁administr ators . ▁It ▁was ▁expected ▁that ▁many ▁of ▁the ▁firm ’ s ▁ 1 8 0 ▁stores ▁would ▁close , ▁and ▁most ▁of ▁the ▁company ' s ▁ 4 , 0 0 0 ▁employees ▁would ▁be ▁made ▁redundant . ▁It ▁was ▁reported ▁that ▁the ▁Bill ▁& ▁Mel inda ▁G ates ▁Foundation ▁was ▁to ▁lose ▁millions ▁of ▁dollars ▁from ▁this ▁outcome , ▁following ▁its ▁invest ment ▁in ▁J JB ▁Sports ▁in ▁ 2 0 0 9 . ▁ ▁On ▁ 1 ▁October ▁ 2 0 1 2 , ▁it ▁was ▁announced ▁that ▁rival ▁ret ail er ▁Sports ▁Direct ▁had ▁purchased ▁the ▁' J JB ' ▁brand ▁name , ▁website ▁and ▁ 2 0 ▁stores , ▁saving ▁around ▁ 5 5 0 ▁jobs . ▁However , ▁the ▁remaining ▁ 1 6 0 ▁stores ▁were ▁to ▁close , ▁resulting ▁in ▁ 2 , 2 0 0 ▁redund an cies . ▁J JB ▁Sports ▁was ▁officially ▁dissol ved , ▁with ▁deb ts ▁of ▁£ 1 5 0   mill ion ▁on ▁ 9 ▁November ▁ 2 0 1 2 . ▁There ▁were ▁a ▁total ▁of ▁ 5 , 0 0 0 ▁employees ▁at ▁its ▁closure . ▁ ▁Leg al ▁issues ▁On ▁ 1 3