Troubled sportswear retailer JJB Sports has responded to press speculation about its fund raising plans, and said the company expects its impending share placing will raise around £65m.The company added it is in "constructive discussions" with its major shareholders in relation to their continued support.A fuller statement about the company's revised business plan, anticipated funding requirements and proposed financing arrangements will be made later this week, possibly as soon as Tuesday, 15 March 2011.Last Friday, sector peer JD Sports, which had been contemplating a bid for JJB, abandoned its takeover plans for its rival.JD said it had asked JJB for details of a proposed restructuring of JJB's property portfolio through a company voluntary arrangement, but that it "received no further information whatsoever from JJB Sports." On the basis of the information it could garner from JJB's public announcements, JD decided not to make an offer.