Evander Kane contract termination/ bankruptcy omnithread

[Ernie]

Hope the creditors take a huge haircut here, you can complain about Kane's spending habits but the private lender vultures no doubt encouraged him to run up debt at exorbitant interest rates.

It would be interesting to see what portion of his debt is principal and what part is interest.

No the Sharks did not! The only thing the Sharks agreed to do is send money where Kane tells them to send it. Kanes loan was shopped heavily. Countless Funds and hard money lenders saw his balance sheet...

I personally had his balance sheet and player contract, the second the Sharks wouldn't be a party to the loan and/or said the client could stop the payments at his discretion. We were out!

If this is true this seems like something that you should get fired for divulging and potentially sued over. Clients deserve confidentiality in their financial matters.

 

[Not4u]

Hope the creditors take a huge haircut here, you can complain about Kane's spending habits but the private lender vultures no doubt encouraged him to run up debt at exorbitant interest rates.

It would be interesting to see what portion of his debt is principal and what part is interest.



If this is true this seems like something that you should get fired for divulging and potentially sued over. Clients deserve confidentiality in their financial matters.

LOL...I would have to fire myself! I decided not to lend him money. He is not my client, I didnt sign an NDA. So please explain yourself?

 

[Ernie]

LOL...I would have to fire myself! I decided not to lend him money. He is not my client, I didnt sign an NDA. So please explain yourself?

That's very nice for you. Still doesn't excuse you for sharing what should be private information. Private lenders taking advantage of people who have a gambling addiction are the lowest of the low. No better than drug dealers, profiting off of misery.

 

[Not4u]

That's very nice for you. Still doesn't excuse you for sharing what should be private information. Private lenders taking advantage of people who have a gambling addiction are the lowest of the low. No better than drug dealers, profiting off of misery.

Its not private information...because his people didnt ask for it to be private. Kanes biggest concern was his gambling debts and the fact that he couldn't cover them would be public. I would argue that people like yourself enable people like Kane. You are the problem! The fact that you would think that there is nothing wrong with someone trying to cheat someone out of an agreement that they signed is all I need to know about you!

 

[Ernie]

Its not private information...because his people didnt ask for it to be private. Kanes biggest concern was his gambling debts and the fact that he couldn't cover them would be public. I would argue that people like yourself enable people like Kane. You are the problem! The fact that you would think that there is nothing wrong with someone trying to cheat someone out of an agreement that they signed is all I need to know about you!

I pretty much expected this kind of justification, always the same from people who take advantage of others.

 

[Not4u]

I pretty much expected this kind of justification, always the same from people who take advantage of others.

I pretty much expected this this kind of justification, typical of someone who doesn't understand the value of millions of dollars of your own money

 

[Ernie]

I pretty much expected this this kind of justification, typical of someone who doesn't understand the value of millions of dollars of your own money

eyeroll emoji

 

[Burke the Legend]

Kane is a degenerate gambler who blew himself out and then started publicly shopping for bailout loans of course it won’t be private.

 

[LeHab]

Yeah, I can’t imagine a team co-signing on a loan to a player would be allowed under any CBA in the salary cap era (2005, 2013, 2020). I do wonder if a co-sign could would have been allowed pre-2005 with all the personal service contracts and other machinations.

A bit of a reverse scenario was Lemieux settling for franchise equity in lieu of deferred compensation way back when Penguins filled for bankruptcy. I don't believe he was made whole at the time (salary was unsecured debt?) but in the end turned up pretty well there.

 

[nofehr]

I pretty much expected this kind of justification, always the same from people who take advantage of others.

Pretty sad how society is full of people who think everything is someone else's fault.

There doesn't seem to be much personal accountability anymore.

 

[Ernie]

Pretty sad how society is full of people who think everything is someone else's fault.

There doesn't seem to be much personal accountability anymore.

Do you consider making money from human suffering to be personally responsible?

How exactly is that responsible?

 

[LeHab]

Kane side attempting to prevent bankruptcy conversion from Chapter 7 (pay using current assets only) to Chapter 11 (pay using current assets and future earnings)

Evander Kane to bankruptcy court: Lenders’ argument violates U.S. ban on slavery

 

[supsens]

Kane side attempting to prevent bankruptcy conversion from Chapter 7 (pay using current assets only) to Chapter 11 (pay using current assets and future earnings)

Evander Kane to bankruptcy court: Lenders’ argument violates U.S. ban on slavery

Lol oh my they must want him to pay back his debt because of his color.

 

[mouser]

Kane side attempting to prevent bankruptcy conversion from Chapter 7 (pay using current assets only) to Chapter 11 (pay using current assets and future earnings)

Evander Kane to bankruptcy court: Lenders’ argument violates U.S. ban on slavery

I expect the 13th Amendment part is one of a dozen of “throw it all against the wall” arguments lawyers typically include in any court case like this. Even the least likely legal arguments to persuade the judge usually get tossed in.

 

[archangel2]

He is using race as a way not to pay back the money he owes?

 

[AussieBomberJet]

The guy has an ego the size of the Moon. Probably thought he was immortal. This really doesn't shock me at all, and I really don't feel bad for him. I think he needed something like this to wake him up and bring him back down to reality, although I have no idea if this experience will humble him in the slightest. Time will tell.

 

[LadyStanley]

@Aussiejet so losing a kid makes his ego bigger? Not the impression I got.

 

[FMichael]

Do you consider making money from human suffering to be personally responsible?

How exactly is that responsible?

lol - oh man just stop it already - lol

 

[sh724]

Lol oh my they must want him to pay back his debt because of his color.

He is using race as a way not to pay back the money he owes?

He is not using race at all, the two of you are associating a common court filing with race solely because he is black. White people have tried to make the exact same argument in bankruptcy courts. This is far from the first time a motion like this has been filed.

 

[supsens]

He is not using race at all, the two of you are associating a common court filing with race solely because he is black. White people have tried to make the exact same argument in bankruptcy courts. This is far from the first time a motion like this has been filed.

Well if white people do it....

 

[cupcrazyman]

Most of us can only dream of that type of money.

I was nervous paying $20,000 fot a used car.

 

[Ernie]

lol - oh man just stop it already - lol

No thanks. Feel free to answer the question though!

Do you think it is ethical and responsible to knowingly profit off of someone's addiction?

Lots of condemnation of Kane's previous actions here but being a parasite is apparently ok as long as there is profit to be made.

 

[supsens]

Hope the creditors take a huge haircut here, you can complain about Kane's spending habits but the private lender vultures no doubt encouraged him to run up debt at exorbitant interest rates.

It would be interesting to see what portion of his debt is principal and what part is interest.



If this is true this seems like something that you should get fired for divulging and potentially sued over. Clients deserve confidentiality in their financial matters.

Most of the money comes from your Grammy grams pension and things like that. Most corporations are owned by the public so any scams loses or extra taxes is taken from the people not some monopoly man

 

[Ernie]

Most of the money comes from your Grammy grams pension and things like that. Most corporations are owned by the public so any scams loses or extra taxes is taken from the people not some monopoly man

No legit bank is going to loan a guy money when he's $16m under water. At that point it's glorified loan sharks at extreme interest rates. If grammy gram has her pension tied up in loan sharks then she probably should look at herself in the mirror.

 

[supsens]

No legit bank is going to loan a guy money when he's $16m under water. At that point it's glorified loan sharks at extreme interest rates. If grammy gram has her pension tied up in loan sharks then she probably should look at herself in the mirror.

What a world it would be if people can’t get loans. He got a loan to invest and make money they helped him out.
Taking other people’s money and pissing it away does not make him a victim