Kane has filed for bankruptcy despite being scheduled to earn $3 million this season
San Jose Sharks left winger Evander Kane has just filed for federal Chapter 7 bankruptcy in California even though he’s scheduled to make $3 million this season. Kane has earned almost $53 million since he started playing ice hockey professionally in 2009.
In the documents that the 29-year-old Canadian native submitted, there are slightly more than $10 million in assets and nearly $27 million in liabilities. Almost all his assets are properties, such as a $3 million estate in San Jose and two houses in Vancouver with a combined total of $5.26 million.
In the documents, it’s listed that Kane owes nearly $16 million in unpaid loans, then more than $250,000 in unpaid federal and state taxes and nearly $80,000 in credit card charges. He owes Newport Sports Management, his former agency, almost $530,000 and is involved in an arbitration dispute of neatly $1.3 million with a company called Sure Sports, which is a financial services firm that specialises in providing loans to professional athletes. According to the Athletic, it had arranged for a loan of $8.3 million to Kane with Centennial Bank.
Centennial Bank is also listed among the 47 creditors in Kane’s bankruptcy filing, and had charged a federal lawsuit against Kane and the Sharks in California saying that he had defaulted on loans. The bank also alleged that the Sharks are legally obligated to pay them directly from Kane’s wages and that they hadn’t paid for the loans since October 2019.
This 4th quarter is actually making me laugh out loud
— Evander Kane (@evanderkane_9) January 4, 2021
Kane also has to pay $1.5 million in gambling losses from 2019 incurred at the Cosmopolitan hotel in Las Vegas. There are also six pending legal actions against Kane, and one of them was a counterclaim that Kane filed against a woman who alleged that he had attacked her in his Buffalo hotel room in 2016.
In other news, find out what Cesaro had to say against Roman Reigns and Jey Uso.