JJB Investor Demands Seat for Backing Shares, Sunday Times Says

JJB Sports Plc investor Richard Bernstein demanded a seat on the sporting-goods retailer’s board in exchange for supporting the sale of as much as 50 million pounds ($78.9 million) of new shares, the Sunday Times reported.

Bernstein’s Crystal Amber Fund Ltd., the retailer’s second- biggest shareholder with a 16 percent stake, this weekend issued the ultimatum to JJB Chairman John Clare, the newspaper said.

JJB, based in Wigan, northwest England, declined to comment, the Sunday Times said.

To contact the reporter on this story: Bryan Keogh in London at bkeogh4@bloomberg.net

To contact the editor responsible for this story: Paul Armstrong at Parmstrong10@bloomberg.net

Bloomberg reserves the right to edit or remove comments but is under no obligation to do so, or to explain individual moderation decisions.

Please enable JavaScript to view the comments powered by Disqus.