Gretzky and Jordan backed sports site gets 'sin bined'

Sports and outdoor equipment e-tailer has announced it is going out of business. will continue trading for the time being but has confirmed plans to sell its domain name, trademarks and the rest of its business to

Directors of include basketball great Michael Jordan and Ice Hockey legend Wayne Gretzky, though it's not clear if they will lose out financially because of the failure of the

The main losers in the demise of are its remaining 43 employees, who will all lose their jobs in the next few months. began trading only a year ago and at its height employed 166 staff, but previous lay offs and office closures were not enough to save its business. ®

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