People close to the situation are left puzzled as to why RBS blocked Comet-owner OpCaptica from a full big for the chain, which would have prevented the slide into administration.
Around 6,000 jobs and 600 stores are now at serious risk but reportedly a lean version of GAME is being packaged and being presented to OpCaptica and GameStop.
Another option open is to break GAME’s empire up and unleash a fire sale of stores to the highest bidders. Restructuring specialists Hilco are said to be interested in GAME’s international assets. At the start of the year the UK retailer broke its banking covenants which have now proven to be the beginning of the end.
GAME is now officially in administration.
