JUMBOSPORTS INC
8-K, 1999-01-14
MISCELLANEOUS SHOPPING GOODS STORES
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                       SECURITIES AND EXCHANGE COMMISSION

                             WASHINGTON, D.C. 20549

                                    FORM 8-K

                                 CURRENT REPORT
                     PURSUANT TO SECTION 13 OR 15(d) OF THE
                         SECURITIES EXCHANGE ACT OF 1934



Date of report (Date of earliest event reported)          December 27, 1998





                                JUMBOSPORTS INC.
               (Exact Name of Registrant as Specified in Charter)


         Delaware                   001-13322              52-1643157
(State or Other Jurisdiction      (Commission             (IRS Employer
      of Incorporation)           File Number)            Identification No.)


4701 West Hillsborough Avenue, Tampa, Florida                     33614
(Address of Principal Executive Offices)                        (Zip Code)



Registrant's telephone number, including area code   (813)886-9688


                                 Not Applicable
          (Former Name or Former Address, if Changed Since Last Report)

<PAGE>

Item 3.  Bankruptcy or Receivership.

     On December 27, 1998 (the  "Petition  Date"),  JumboSports  Inc., a Florida
corporation  (the  "Registrant"),  and its subsidiaries  Guide Series,  Inc. and
Property  Holdings  Company I filed  Voluntary  Petitions  for Relief (Case Nos.
98-22545-8C1,  98-22546-8C1 and 98-22547-8C1,  respectively) under Chapter 11 of
Title 11 of the  United  States  Code (the  "Bankrupcy  Code") in United  States
Bankruptcy  Court for the  Middle  District  of  Florida,  Tampa  Division  (the
"Bankruptcy  Court").  On the Petition Date, the Bankruptcy Court entered Orders
for Relief  pursuant to the  Bankruptcy  Code.  During the week of December  28,
1998, the Bankruptcy  Court further  entered orders  allowing the Registrant and
the  subsidiaries to operate their business and manage their property as debtors
in possession pursuant to Sections 1107(a) and 1108 of the Bankruptcy Code.


                                   SIGNATURES

     Pursuant to the  requirements  of the Securities  Exchange Act of 1934, the
Registrant  has duly  caused  this Report to be duly signed on its behalf by the
undersigned hereunto duly authorized, on January 11, 1999.

                                         JumboSports, Inc.
                                         (Registrant)


                                         By:/s/ Raymond P. Springer
                                         Raymond P. Springer, Executive Vice
                                         President and Chief Financial Officer



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