Allsports owes CAFC "substantial amount"
today entered into administration and according to reports Charlton are "owed a substantial amount in sponsorship fees."
The clothes retailer has been up for sale for some time and it is understood that majority shareholder David Hughes is said to want to buy the hub of the business. In the meantime the company, which employees 1,700, will close a "significant number of store, although it was too early to say how many."
Meanwhile Peter Varney
commented: "Once I am in possession of more facts and information, I will hopefully be able to make a further statement."