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Monday, July 6, 2015

{allcanada} Halifax pro basketball team files for bankruptcy

Wal-Mart.com USA, LLC 

HALIFAX — The company that owns a professional basketball team in Halifax that forfeited a championship game this spring has filed for bankruptcy.

A public relations company says in a news release that supporters of the Halifax Rainmen were informed of the decision over the weekend by owner Andre Levingston.

The team forfeited its last game to the Windsor Express in April, citing safety concerns following an altercation between the teams before the game to determine the champion of the National Basketball League of Canada.

As a result, the league handed out $90,000 in fines, suspended 11 Rainmen players and permanently barred the coach and assistant coach from the league.

At the time, Levingston said the team would be back on the court next season despite the fines and suspensions.

League commissioner David Magley says in a statement he is confident there will be a team from Halifax playing in the league next season.

The news release says accounting firm Grant Thornton is acting as the trustee in the bankruptcy filing.

Wal-Mart.com USA, LLC

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