With Britain mired in a double-dip recession, JJB has followed other well-known retailers into administration, including outdoor retailer Blacks Leisure and discount fashion chain Peacocks last year.
Chappell claimed a deal with Ashley had been blocked by Green, who went "insane" when he found out that Sports Direct was in talks to buy BHS and pushed the retailer into administration by calling in a £35m loan that Arcadia was owed.
Monday was the day for the latest quarterly rent payments, a deadline notorious for pushing struggling retailers into administration.
January - Jessops, the 192-store cameretailerler, goes into administration putting 2,000 jobs at risk.
HMV gift cards and vouchers worth millions were declared worthless when the retailer collapsed into administration on 15 January 2013.
Peter Jones, the giant star of the BBC's Dragons' Den series, has acquired the brand of Jessops, the collapsed camera retailer, out of administration.
Management is trying to broker a complex deal by which the retailer might enter administration without dragging its sister companies down with it.
HMV gift cards and vouchers worth up to £7m still in circulation were declared worthless when the retailer collapsed into administration on 15 January 2013.
HMV is to axe a further 464 staff and 37 stores, bringing the jobs toll since the retailer lapsed into administration to nearly half the workforce.
"We would like to see holders of vouchers go much higher up the food chain if a retailer goes into administration".
Just a day after the fitted furniture retailer lurched into administration, DIY chain Wickes is promising to step into the breach.
