bankruptcy Page 2 - Sports News, Headlines & Highlights
Auburn Wrests Title Of "Team Everyone Wants To Play" From Arkansas
Arkansas beat Auburn today, which in itself wouldn't be so strange except that as recently as this morning it was reasonable to ask whether Arkansas would ever win another game, ever, ever. The Hogs were a preseason top-10 team that lost f̶i̶v̶e̶ four games—in September. If someone was to cushion th...
Arkansas Coach John L. Smith Realizes He's Actually $40 Million In Debt, Not $25 Million
John L. Smith is even more broke than he initially thought. He first filed for bankruptcy on Sept. 6. In a subsequent filing, on Sept. 19, he reported $25.7 million in liabilities and $1.2 million in assets. You don't have to be a CPA to know that this is a bad cash flow position. But wait, it gets ...
Arkansas Interim Head Football Coach John L. Smith Files For Bankruptcy
Arkansas football coach John L. Smith, thrust into the interim role after Bobby Petrino's midlife crisis, is facing a crisis of his own after filing for Chapter 7 bankruptcy liquidation in an Arkansas court today....
Report: The NHL Is Planning To Seize The New Jersey Devils From Their Owner
Jeff Vanderbeek, he's the guy above, not the guy from Dawson's Creek. He owns the New Jersey Devils, or at least he "owns" them in the same way that the Wilpons own the Mets or Frank McCourt owned the Dodgers. Oodles of his debt weigh the team down, and he can't pay it off. The Devils missed a loan ...
Curt Schilling's 38 Studios Files For Bankruptcy, Faces Federal Investigation
We presume this is how 38 Studios' lawyers opened their conversation with Curt Schilling: "What do you want first? The bad news, or the worse news?"...
Your Semi-Irregular Update On The Financial Solvency Of Former NBA Stars Turned Train Wrecks
Thanks to the good folks at TMZ, we are able to provide an update on the financial proceedings with respect to both Stephon Marbury and Antoine Walker. It's a little bit of a good news/bad news situation, so let's start with the good news....
The Mets' Owners Have Reached A Settlement With The Bernie Madoff Bankruptcy Trustee
The federal trial was supposed to begin this morning, but Richard Sandomir of The New York Times tweeted that the Wilpons and Saul Katz have instead reached a settlement that will cost them $162 million. Irving Picard, the trustee representing the victims of Bernie Madoff's Ponzi scheme, had been se...
If There's A Lockout, Charlie Batch Could Lose His Super Bowl Rings
Batch declared bankruptcy in December, and his creditors now have the option of seizing the property he used as collateral to secure his debt. That includes "a 2006 Kawasaki personal watercraft, and sports memorabilia and jewelry." Among that, his two Super Bowl rings, as well as his collection of a...
Last Night's Winner: Bankruptcy Auction Enthusiasts
In sports, everyone is a winner—some people just win better than others. Like the reporters working the Texas Rangers bankruptcy auction, who got quite a showdown last night between two of the biggest figures in Texas sports....