Sharks’ Evander Kane files for bankruptcy with $26.8 million of debt (upd: may void contract)

Montreal Shadow · 2021-01-12T01:32:10+00:00

The lengthy list of athletes who squandered millions of dollars only to file for bankruptcy has a new member, San Jose Sharks left winger Evander Kane. Despite signing a seven-year, $49 million contract extension in 2018, Kane filed for Chapter 7 in the federal bankruptcy court in the California city of his team. The filling detailed liabilities of $26.8 million and assets — largely three homes — of $10.2 million. And the filing included a note that warns he may not even play this year. “Debtor may terminate his contract and he may opt out of the season, as allowed under current rules, because of health concerns given the recent birth of his first child,” the bankruptcy petition said. “Should he terminate his contract or opt out at a point in the season, Debtor will not receive his salary.” The NHL opt-out deadline for the COVID-19-shortened season, which starts this week, was Dec. 24, and the bankruptcy petition is dated... Rest is paid so can't post all of it. Those pictures of him with money stacks didn't age well. He's still young and has time to hopefully get out of debt before the end of his career. Facing $26.8 million debt, Evander Kane files for bankruptcy

Thread starter Montreal Shadow
Start date Jan 11, 2021

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Devonator

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Jan 12, 2021

#170

How can he have amassed such debt at such a young age?? This is incredible.

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Sharks’ Evander Kane files for bankruptcy with $26.8 million of debt (upd: may void contract)

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