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Report: GAME Out Of Administration Tomorrow

That was quick.

According to MCV, who are still following the whole saga with keen eyes, GAME will most likely exit administration as early as tomorrow, with a deal from RBS apparently set to kickstart the company back into life.

Although the bank-led consortium failed to accept OpCapita’s offer, which led to the massive job losses and store closures that we’ve all seen since Monday, it seems likely that the publicly-owned lender will be the ones behind the deal.

Hopefully this will mean that the currently open branches will remain that way.

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23 Comments
  1. doomsday619
    Member
    Since: Nov 2008

    Brilliant news for the ones that are still open but such a shame for everyone else who have lost their jobs.

    Comment posted on 29/03/2012 at 09:04.
  2. Sympozium
    Member
    Since: Aug 2009

    Yay… hopefully they do well and make some changes that will help them on the long run and have a much better customer experience.

    Comment posted on 29/03/2012 at 09:10.
  3. Omac_brother
    Member
    Since: Nov 2011

    Lets hope that the company can be managed differently this time around.

    Comment posted on 29/03/2012 at 09:11.
  4. gaffers101
    Member
    Since: Oct 2008

    This is really good news. I hope it give them a kick up the arse and we see a real change in how the company operates.

    Comment posted on 29/03/2012 at 09:23.
  5. MICKY17
    Member
    Since: Dec 2008

    Let’s hope this deal goes through, and hopefully they will employ some people in the higher managerial positions that understand the gaming market a bit more to help prevent this happening again.

    Comment posted on 29/03/2012 at 09:29.
  6. Ed the Penguin
    Member
    Since: Dec 2008

    Great news as my local Gamestation is still open. Still a shame that many have lost their jobs.

    Comment posted on 29/03/2012 at 09:36.
  7. Forrest_01
    Member
    Since: Jun 2009

    As others have said, this is great news for the remainder of the company, but a real shame for those that lost their jobs due to nothing more than greed & bad management.

    I am hoping that Ian Shepherd’s departure has kick started a revolution in upper management where they actually learn from their mistakes & work to please the customer ahead of the profit margins. Doubtful, but we can hope.

    Still, as I have mentioned previously, whether you like Game/Gamestation or not, I personally feel that it is really important that gaming has some sort of presence on the high street. The less we are seen as ‘bedroom dwellers’ & ‘hermits’ the better really.

    Comment posted on 29/03/2012 at 09:43.
  8. Eldave0
    andUandU
    Since: Aug 2008

    Phew! If nothing else it means I still have somewhere to go when my wife is clothes shopping

    Comment posted on 29/03/2012 at 09:46.
  9. halbpro
    Team TSA: Writer
    Since: Mar 2009

    The fact they rejected the OpCapita deal does seem potentially suspicious and anti-competitive, but without knowing the terms of the deal that was brought to RBS it’s hard to tell.

    Comment posted on 29/03/2012 at 09:50.
    • TSBonyman
      Member
      Since: Dec 2009

      It might be that OpCapita weren’t prepared to cover the 85m that RBS was owed by Game. RBS said previously that any new owners would have to cover that or else they would probably take over Game themselves.

      Comment posted on 29/03/2012 at 10:31.
  10. Origami Killer
    Member
    Since: May 2010

    This is good news surely.

    Comment posted on 29/03/2012 at 09:55.
    • Forrest_01
      Member
      Since: Jun 2009

      It is & don’t call me Shirley.

      Comment posted on 29/03/2012 at 10:10.
      • Nocure-fd
        Member
        Since: Mar 2010

        I hope Leslie Nielsen is smiling, wherever he is :P

        On topic: I just hope there is some plan for a change in the business model, or whoever takes over will just be throwing good money after bad.

        Comment posted on 29/03/2012 at 10:43.
      • Forrest_01
        Member
        Since: Jun 2009

        I hope he is too. Freaking loved Leslie Nielson. :)

        Comment posted on 29/03/2012 at 17:49.

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