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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.

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