One of the companies Evander Kane of the San Jose Sharks allegedly owes money to pulled no punches in a court motion Friday in the winger's bankruptcy filing. Here's what Zions Bancorp had to say in court documents obtained by The Athletic.
"Kane has a serious gambling problem Kane gambles heavily and makes poor, self-centered financial decisions. He ought not be allowed to continue handling his substantial salary and bonuses, or be allowed to continue gambling and speculating with his income instead of committing it to his creditors. Creditors likely have no confidence in Kane's ability to administer his estate for their benefit. Zions certainly does not. The story painted in the Schedules and Statement of Affairs is not a pretty one. Kane has frittered away significant amounts of money, in actual gambling at many different venues and in many different ways."
Zions Bancorp is asking the court to change Kane's bankruptcy filing from chapter 7, which is for individuals, to chapter 11, which is for businesses. This would allow the $29 million remaining on Kane's Sharks contract to be available to creditors like Zion, which is owed $4.25 million according to the filing. Zions argues Kane's losses are business related. It also revealed it is considering a lawsuit against the 29-year-old.
"Zions is evaluating whether to file its adversary complaint to have the debt owed to it deemed to be non-dischargeable Zions is informed that other creditors similarly believe that they are holding materially false pre-petition financial statements. Investigation into Kane's pre-petition behavior is just now beginning, and it is currently unknown what other irregularities might be discovered, triggering other issues for Kane."
Zions also alleged Kane's bankruptcy filing is an attempt to stiff his creditors and questioned the motive behind Kane declaring several dependants, including the mother of his child and relatives.
"Apparently, his creditors are expected to support Kane, his wife, his daughter, and all of his relatives for Kane's lavish lifestyle, and theirs as well," said Zions.
The Athletic reached out to Kane's lawyer, Stephen Finestone, for a reponse to Zions accusations.
"I am unlikely to have a response other than to tell you that Mr. Kane intends to oppose the request," said Finestone, adding he hasn't had the chance yet to go over Zions motion.
Source: https://theathletic.com/2415103/2021/02/26/evander-kane-creditor-blasts-sharks-wing-in-scorched-earth-bankruptcy-filing/?source=emp_shared_article
