GAME Group is in a race to secure £180m to pay creditors or face administration, The Sunday Times reports.
The specialist giant apparently has a £21m rent payment due on Sunday, a £12m wage bill due shortly after, and owes more than £10m in deferred VAT and £40m to video game suppliers.
The paper says that GAME could be put into administration this week as lenders believe the firm will not be able to find a backer in time. Any investor, as well as the above mentioned debt, would have to pay the firm's six banks - including Royal Bank of Scotland – £100m.