Ernst & Young said 30 sites would close following the sale of Riley's' assets to Valiant Sports, a company which Include some of the firm's existing directors. Joint administrator Simon Allport, said: "The companies have been experiencing tough trading difficulties due to a downturn in trade and a heavy debt burden and were unable to trade outside of administration. "Fortunately we have been able to secure a deal, which means 129 sites will continue to trade, and the brand and 1,200 jobs will be preserved."
