Former Performance Sports Group chairman Graeme Roustan told BNN on Tuesday he has financing in place if he decides to pursue a takeover of the company, but he questions why any suitor would bid for the hockey equipment maker right now.

Roustan said he is waiting for the company to release its audited financial statements, to go through CCAA, or to announce a restructuring of its debt before making any moves.

Performance Sports Group’s stock soared 15 per cent on the TSX earlier in the day after Bloomberg reported that Brookfield Asset Management is weighing a takeover bid for the company.  Brookfield declined to comment on the speculation when reached by BNN. 

Roustan said he’s not surprised to hear of potential interest from Brookfield, but said he’d be wary of making a bid without all of the necessary information.

“I don’t understand how any credible entity would make a bid on a company that is delinquent in providing audited financial statements,” he said.  

Performance Sports Group said in a statement Tuesday afternoon that no pact has been reached with a third party. The company said it's continuing to review and evaluate its options.