Troubled Intersport GB, sports clothing supplier to Intersport, should soon be rescued from receivership.

It is rumoured that Midlands-based buying group AIS is favourite to buy Interport's UK supply arm in a deal worth around £100m. AIS has interests in a wide range of sectors including clothing, housewares and office furniture to retailers.

Intersport GB has annual sales of about pounds 100m and supplies the group's 350 UK stores. The stores are operated independently but use the Intersport name under licence.

Industry executives said AIS is in advanced negotiations with Simon Freakley, senior partner at Kroll Buchler Phillips, who was appointed administrative receiver earlier this month.

Intersport International, the parent group of Intersport GB, has some 4,500 sports stores in 25 countries. It was set up as an association of independent sporting goods retailers in 1968 and in 1972 it ran the official sports shop at the Munich Olympics. It is now the biggest group of sporting goods dealers in Europe.