JJB backers agree to £65m fundraising

http://www.telegraph.co.uk/finance/newsbysector/retailandconsumer/8383938/JJB-backers-agree-to-65m-fundraising.htmlThe retailer wants to raise the money by way of a firm placing and open offer to enable it to implement a new business plan. JJB said on Tuesday that major shareholders Harris Associates, Crystal Amber, Invesco Asset Management and Bill & Melinda Gates Foundation Trust have indicated that they will back the fundraising, subject to a number of conditions.