Sportswear chain JJB Sports Plc's chairman David Whelan doesn't plan to sell off or reduce his current 39 per cent stake in the company, according to chief executive Tom Knight.

Knight spoke out in answer to suggestions that Whelan wants to sell off some or all or some of his stake in the company and feed the proceeds into his soccer club Wigan Athletic.

The business was reported to have ended acquisition discussions with a potential suitor last November after the two parties were unable to reach an agreeable deal.