Well there's two issues here. Steve Donner filed bankruptcy in Florida in 2014 for $9.5 million dollars what's to say that he skips out paying the bills and this movie producer guy who I've never even heard of ( the movies were good but he was an assistant producer for them not the main) doesn't have a background here in Elmira either jumps ship and everything goes downhill? Your going to pay $30 for a Fphl ticket according to what I've been reading in different articles if this guy puts on a team. The feds are the only league that is going to play not sp, not echl, not even ahl. For one FA is not big enough for ahl. Rumors say the there is a team thats being given to Donner to use FA so he doesn't have to brand and buy a team. If that's not fishy then I don't know what to tell ya. Best of luck. I think it's going to be one big clown show
If you read the story about Donner's bankruptcy filing, it's pretty clear that he got some bad advice. Yes, he claimed $17K in assets against $9.5M in debts. He likely personally guaranteed loans to the sports businesses he was involved with, which was error No. 1. Secondly, if those businesses were organized as partnerships, which makes the partners potentially liable for debts incurred by both the business and by the other partners in running the business, that was error No. 2.
Bankruptcy laws exist to give people (and corporations) a chance to restructure their financial lives and start over. At this point, Donner's previous debts have been discharged and he should be able to seek out credit again, especially via a new corporate form.
Hopefully he won't make the same mistakes all over again.