JJB has confirmed it has received a number of offers for its health clubs business.

In a statement this morning the retailer said it was considering the terms of the offers with its advisers and banks.

JJB said: “There can be no certainty that any of these offers will result in a transaction or as to the terms of any such transaction.”

Former JJB boss Dave Whelan, Rutland Partners private equity group, health group Fitness First and LA Fitness are all reported to be circling the health clubs business.

However, reports suggest that offers are only around£40m, and the retailer had been aiming for between£70m and£100m from the sale.

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