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UNITED STATES SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 13D
UNDER THE SECURITIES EXCHANGE ACT OF 1934
AMENDMENT NO.: 1*
THE SPORTS AUTHORITY, INC.
(Name of Issuer)
COMMON STOCK, $.01 PAR VALUE
(Title of Class of Securities)
849 176102
(CUSIP Number)
ROBERT C. O'BRIEN, ESQ.
WHITMAN BREED ABBOTT & MORGAN LLP
100 FIELD POINT ROAD
GREENWICH, CT 06830
(203) 869-3800
(Name, Address and Telephone Number of Person
Authorized To Receive Notices and Communications)
DECEMBER 31, 1997
(Date of Event which Requires Filing of this Statement)
If the filing person has previously filed a statement on Schedule 13G to report
the acquisition which is the subject of this Schedule 13D, and is filing this
schedule because of 'SS''SS'240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check
the following box [x].
*The remainder of this cover page shall be filled out for a reporting person's
initial filing on this form with respect to the subject class of securities, and
for any subsequent amendment containing information which would alter the
disclosures provided in a prior cover page.
NOTE: Schedules filed in paper format shall include a signed original and five
copies of the schedule, including all exhibits. See 'SS'240.13d-7(b) for other
parties to whom copies are to be sent.
The information required on the remainder of this cover page shall not be deemed
to be "filed" for the purpose of Section 18 of the Securities Exchange Act of
1934 ("Act") or otherwise subject to the liabilities of that section of the Act
but shall be subject to all other provisions of the Act (however, see the
Notes).
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CUSIP NO.: 849 176102
1. Name of Reporting Person
S.S. or I.R.S. Identification No. of Above Person
Financorp Group International Corporation #13-3682618
Financorp Trading, S.A., a British Virgin Islands corporation
2. Check the Appropriate Box if a Member of a Group
a. [ ]
b. [X]
3. SEC Use Only
4. Source of Funds
WC
5. Check if Disclosure of Legal Proceedings is Required Pursuant to Items 2(d)
or 2(e) [ ]
6. Citizenship or Place of Organization
Delaware
British Virgin Islands
Number of Shares Beneficially Owned by Each Reporting Person With:
7. Sole Voting Power:
1,099,500 shares
8. Shared Voting Power:
9. Sole Dispositive Power:
1,099,500 shares
10. Shared Dispositive Power:
11. Aggregate Amount Beneficially Owned by Each Reporting Person
1,099,500 shares.
12. Check Box if the Aggregate Amount in Row (11) Excludes Certain Shares [ ]
13. Percent of Class Represented by Amount in Row (11)
3.5%
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CUSIP NO.: 849 176102
14. Type of Reporting Person
Financorp Group International Corporation BD
Financorp Trading, S.A. CO
Item 1. Security and Issuer
This statement relates to shares of common stock, $.01 par value (the
"Common Stock") of The Sports Authority, Inc. ("TSA"). TSA's principal executive
office is located at 3383 North State Road 7, Fort Lauderdale, FL 33319.
Item 2. Identity and Background
This statement is being filed on behalf of Financorp Group International
Corporation ("Financorp"), a Delaware corporation qualified to do business in
New York. Financorp is a NASD registered broker/dealer, CRD #31793; its
principal office is at 450 Park Avenue, Suite 1402, New York, NY 10022.
Financorp Trading, S.A. ("Trading") is a Tortola, BVI corporation; its
principal office is c/o Sucre & Sucre Trust Limited, Chera Chambers, Waterfront
Drive, Road Town, Tortola, BVI. Trading's principal business is as an investment
manager.
During the past five years, neither Financorp nor Trading been convicted in
a criminal proceeding nor have they been a party to a civil proceeding of a
judicial or administrative body of competent jurisdiction which resulted in a
judgment, decree or final order enjoining future violations of, or prohibiting
or mandating activities subject to, federal or state securities laws or finding
any violations with respect to such laws.
Item 3. Source and Amount of Funds or Other Consideration.
As of the date hereof, Financorp and Trading are deemed each to
beneficially own 1,099,500 shares of Common Stock. All 1,099,500 shares of
Common Stock are held by entities and managed accounts over which Financorp has
the voting power and Trading has the investment discretion. The 1,099,500 shares
of Common Stock were purchased in open market transactions at an approximate
cost of $20,193,087. The funds for the purchase of the Common Stock held in the
entities and managed accounts over which Financorp has voting power and Trading
has investment discretion have come from each entity's or account's own funds.
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CUSIP NO.: 849 176102
Item 4. Purpose of Transactions.
The shares of Common Stock deemed to be beneficially owned by Financorp and
Trading were acquired for, and are being held for, investment purposes.
Financorp and Trading have no plans or proposals which relate to, or would
result in, any of the actions enumerated in Item 4 of the instructions to
Schedule 13D.
Item 5. Interest in Securities of Issuer.
As of the date hereof, Financorp and Trading are each deemed to be the
beneficial owners of 1,099,500 shares of Common Stock.
Based on filings with the Securities and Exchange Commission, there are
31,504,000 shares of Common Stock of TSA outstanding. Therefore, Financorp and
Trading are each deemed to beneficially own 3.5% of the outstanding shares of
Common Stock. Financorp has the sole power to vote and direct the vote of all
shares of Common Stock that it is currently deemed to beneficially own. Trading
has the sole power to dispose of or direct the disposition of all shares of
Common Stock that it is currently deemed to beneficially own.
Item 6. Contracts, Arrangements, Understandings or
Relationships with Respect to Securities of the Issuer
Financorp has voting authority over the accounts, as itemized in Exhibit A,
holding securities of TSA as per Authorization prototype attached as Exhibit B.
Trading has investment power over the accounts, as itemized in Exhibit A,
holding securities of TSA as per Investment Authority prototype attached as
Exhibit C.
Item 7. Material to be Filed as Exhibits.
Attached hereto as Exhibit A is a listing of accounts holding securities of
TSA.
Exhibit B is an Authorization prototype executed by all accounts
incorporated herein by reference to Exhibit B from original Schedule 13D filing
dated April 24, 1997.
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CUSIP NO.: 849 176102
Exhibit C is an Investment Authority prototype executed by all accounts
incorporated herein by reference to Exhibit C from original Schedule 13D filing
dated April 24, 1997.
SIGNATURE
The undersigned, after reasonable inquiry and to the best of their
knowledge and belief, certify that the information set forth in this statement
is true, complete and correct.
February 23, 1998
FINANCORP GROUP INTERNATIONAL CORPORATION
By: /s/ Antonio X. Vidal
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Antonio X. Vidal, Treasurer
FINANCORP TRADING, S.A.
By: /s/ Antonio X. Vidal
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Antonio X. Vidal, Treasurer
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STATEMENT OF DIFFERENCES
The section symbol shall be expressed as.................. 'SS'
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CUSIP NO.: 849 176102
EXHIBIT A
Accounts Holding Securities of TSA
Madiran International, Ltd. 430,000 Shares (39.14%)
White Bear Investments, Ltd. 300,000 Shares (27.31%)
Mendoza Pacheco Family Accounts 168,000 Shares (15.29%)
Mendoza Gimenez Family Accounts 116,000 Shares (10.56%)
Other Accounts 85,000 Shares ( 7.70%)
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Total Holdings - Managed Accounts 1,099,500 Shares (100%)
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