, which made more than pounds 11m last year, gave just 14 to 30 days' notice to workers and paid the statutory minimum redundancy of pounds 330 per week.
, who are the largest sports retailer with over 400 stores UK wide, refused to comment on the matter, but the deal should be agreed at a full FAW council meeting today.
Sports Direct is believed to be close to arranging to buy the most profitable JJB
stores under a controversial "pre-pack" administration.
admitted recently that more poor sales figures meant it would need additional funds to support its store overhaul programme.
With Dick's also holding the right to buy a further pounds 20m of convertible loans next year, the US firm could end up owning more than 60% of JJB
The move comes days after JD Sports abandoned a takeover of JJB
after claiming its rival refused to provide key information.
The takeover interest comes as JJB
battles for survival in the face of deteriorating trade and as it looks to raise millions of pounds of support from key shareholders.
2million after offloading 65 million JJB
shares - around 10 per cent of the firm - at 25p per share.
Mike Ashley, who also owns Newcastle United, lent Sir David Jones the cash in October 2007 to fund a private business venture, according to JJB
's banking consortium drew widespread criticism when it was revealed in December that the three lenders had charged JJB
Sports is 'Serious about Sport' and its Corporation Street store will be an entirely new-look retail experience, offering an extended footwear department, dedicated running section and vast array of womenswear as well as existing popular football and menswear ranges.
, which has more than 400 stores including six on Teesside, confirmed it was planning to shut 72 stores by the end of the month as it looked to recover from a sharp drop in profits.