Sports Authority has been around for its customers since 1919, but that time has finally come to an end. Sports Authority is currently more than $1.1 billion in debt, which forced them to file for bankruptcy back in March.
Last night, though, Sports Authority CEO Michael Foss announced in an email that the company will be closing its doors for good:
Dear Customers,
Sports Authority and its predecessor companies have been serving the sporting goods needs of our customers since 1919. It is with great sadness that we are intending to close all of our stores by the end of August.
We will be holding store closing sales at all of our locations that will allow you to take advantage of big discounts on great brands.
On behalf of the entire Sports Authority team, I would like to express our sincere appreciation to our customers for their years of loyalty. It has been a pleasure to serve you and your family.
Sincerely, Michael Foss
With Sports Authority fading away, the question now becomes, whose name will grace the front of Mile High Stadium?.
And while there are a lot of ideas and suggestions floating about — unfortunately Mile High Stadium doesn’t seem to be in the cards — Von Miller isn’t too worried about it. For him, it’s what’s on the inside that matter, not the outside.
“Sports Authority Field at Mile High, that’s a bit of a mouthful,” Miller said, via CBS Denver. “You got me stumped. As long as we kill quarterbacks, it doesn’t matter what you call it.”
