Chris Neil owes $2.4M

This is actually not even new news. He declared bankruptcy a while back (when his salary was about half what it is now). Yes, he's likely hardly involved in the business, and he probably should have had his agent look over the incorporation papers (sounds like it *wasn't* incorporated -- maybe a limited partnership would have been better?) But he still has some debts that sound quite personal -- like the $84K he owes the CRA. Bottom line, he declared bankruptcy for protection against creditors and the settlement offer is 20 cents on the dollar (maybe he should have said 20 cents on the dollar and you get to watch me beat the snot out of my idiot brothers).

Dash wrote:

SeawaySensFan wrote:

Dash wrote:Sportsnet Connected had a news story that Chris Neil owes $2.4M to creditors, including CRA and Scotiabank.

Only he doesn't.

What do you mean he doesn't> Obviously he does...

[url=http://www.torontosun.com/sports/hockey/2010/06/07/14299846.html

http://www.torontosun.com/sports/hockey/2010/06/07/14299846.html[/quote[/url]]

As I said, he doesn't.

The Neil's go into considerable detail about what really happened:

http://slam.canoe.ca/Slam/Hockey/NHL/Ottawa/2010/06/08/14315701.html

Flip Chipman is a stupid douchebag.

I can't help but find this quite funny. Sorry. Maybe it's because I'm really tired? This is directly from the Slam sports article.

"We were never bankrupty."

Ottawa media = fail.

I'm getting annoyed personally.

Are you guys still talking about this?

Not really, no.

SpezDispenser wrote:Ottawa media = fail.

I'm getting annoyed personally.

I think the guy who broke this Dung is from London. Whip Chipfield or something.

SeawaySensFan wrote:

SpezDispenser wrote:Ottawa media = fail.

I'm getting annoyed personally.

I think the guy who broke this Dung is from London. Whip Chipfield or something.

Chip Martin.

They stopped paying bills in 2006 and he declared bankruptcy in 2007, I think. So "broke" may be a bit generous.