europa sports products bankruptcies

From pre-workout to recovery, the science of sports nutrition has changed the game for athletes, trainers, and coaches. Certain services may not be available to attest clients under the rules and regulations of public accounting. CHARLOTTE, N.C., Mar. IN THE UNITED STATES BANKRUPTCY COURT FOR THE 0000004251 00000 n as well as other partner offers and accept our, J. Conrad Williams Jr./Newsday via Getty Images. 2023. 0000002497 00000 n At subsequent practices, Wheeler could hear his teammates whisper that he didnt deserve to be on the team because his mother was on the board, he said in an interview. xref 0000008819 00000 n "I'm pleased and honored to have Europa Sports and CEO Eric Hillman as part of the ISSN community. Most kids were forced to have to choose, which is kind of sad. Within months, another bombshell dropped: The club studied Bilanskis books and couldnt account for more than $80,000. Ryan Shore, the board president who hired Bilanski as the Timbers technical director in 2013, said in an interview that the club had outsourced companies to run camps for years. 0000002026 00000 n 0000007643 00000 n Theres got to be some corrective damage done for someone doing that stuff, especially because its kids.. E.J. The rift in Bends soccer scene was just beginning. Europa Sports Products Inc. : Cases :: Law360 For more information, visit www.lonestardistribution.com. 2023, Portfolio Media, Inc. | About | Contact Us | Legal Jobs | Advertise with Law360 | Careers at Law360 | Terms | Privacy Policy | Cookie Settings | Help | Site Map. His father, Derrick, took over as team manager of the Timbers when most of the boys left last year, and after that first practice in which only five players took the field That was devastating, Derrick said the club was able to fill the roster with recruits from Bend and other nearby towns. 's annual revenues are over $500 million (see exact revenue data) and has 100-500 employees. 2023, Portfolio Media, Inc. | About | Contact Us | Legal Jobs | Advertise with Law360 | Careers at Law360 | Terms | Privacy Policy | Cookie Settings | Help | Site Map. 0000020518 00000 n /PDFDocEncoding 69 0 R The material on this site may Bed Bath and Beyond has one Central Oregon location, inside the Cascade Village In late August, days after Bilanski had been fired, the administrator allegedly realized that the Timbers Google Drive was recording a log of all activity. Shelley PfaendlerPublic RelationsDeloitte+ 1 212 492 4484[emailprotected]. 0000003152 00000 n Bilanski and several former employees downloaded over 7,000 documents and edited, shared or deleted hundreds of documents from the Timbers Google Workspace IT systems in the 11 days after Bilanski was fired, according to the lawsuit; when the administrator told Davin she was removing certain files, Davin allegedly responded: Delete f---ing away.. Logo - http://photos.prnewswire.com/prnh/20120803/MM52028LOGO-a, Cision Distribution 888-776-0942 If [the Bend Timbers board doesnt] give up we will start a new club, take a crap ton of kids and bankrupt them, the former Timbers treasurer wrote in a text that was included in court filings. >> About Sheridan Capital Partners Sheridan Capital Partners focuses on providing private equity in support of leveraged buyouts, growth recapitalizations, and large minority financings of lower middle market companies across the healthcare and consumer sectors. /O 74 "While we achieved some success, in partnership with our landlords and vendors, it was not enough to avoid a bankruptcy filing amid an extremely challenging environment for retailers," CEO Mitchell Modell said in a statement, according to Bloomberg. 0000009459 00000 n Wayne Price kept a close eye on the action, taking a few of the 20 or so calls he receives each day as the new director of the Timbers. Scott's Motorsport Service & Repair Good to know, Bilanski responded. /N 9 The Deloitte Corporate Finance team was instrumental in helping us navigate a mutually exciting transaction with Lone Star and Sheridan Capital Partners. Flywheel Sports filed for Chapter 7 bankruptcy on September 15 in an announcement that called for the permanent closure of all 42 of its spin studios around the country. By last fall, as Bilanski and the group of Timbers staffers and coaches were hit with the lawsuit, they peeled off to start Apex, drawing support from dozens of parents who believed they had been wronged by the Timbers board. 0000093001 00000 n << WebEuropa Sports Products Overview Work Here? 0000008195 00000 n The number of bankruptcy declarations among EU businesses increased substantially in the fourth quarter of 2022 (+26.8% compared with the previous quarter) and reached the highest levels since the start of the data collection in 2015. Read more: The virtual at-home fitness boom is here to stay and will usher in a new era of exercising that will last long after the pandemic subsides, experts say. In addition to delivering leading-edge nutrition management to its' customers, Europa's Professional Level ISSN membership will lead to more informed teams and therefore customers in all segments and levels. She handed over her Timbers-issued laptop. "We are pleased to work with the company to arrange this asset-based financing that meets their needs and supports their business strategy. About Europa Sports Products, Inc. Europa is a national specialty distributor of sports nutrition and fitness products, including protein powders, nutrition bars, 0000007892 00000 n 0000006272 00000 n WebWelcome to Europa Sports Partners Based in Charlotte, North Carolina, were the nations industry-leading distributor of nutritional and sports supplements, sports drinks and + 1 212 492 4484, Based in Charlotte, Lorin is a managing director with Deloitte Corporate Finance LLC (DCF). According to the Timbers board of directors, the laptop contained evidence of financial impropriety; Bilanski had allegedly directed several unauthorized payments totaling $80,684 to herself over a six-year period and, in turn, had paid a portion of the funds to another former Timbers employee, Jen Davin. Youre viewing 3 of 9 executive team members. About Europa Sports Products, Inc.Europa is a national specialty distributor of sports nutrition and fitness products, including protein powders, nutrition bars, sports drinks, sports performance supplements, vitamins, weight loss supplements, and meal replacements. There were all kinds of mudslinging that tore people apart.. /L 288711 /Pages 66 0 R WebIn the bankruptcy filing, the retailer said it anticipates closing all of its stores by June 30. Environmental, Social and Governance (ESG), HVAC (Heating, Ventilation and Air-Conditioning), Machine Tools, Metalworking and Metallurgy, Aboriginal, First Nations & Native American, International Society of Sports Nutrition. For more information visit www.europasports.com. For more information, visit www.investmentbanking.deloitte.com. << << 71 0 obj So, yes, it was in her contract, Shore said. It should have never been a choice.. The s--- that I can see on the google admin is crazy. While lawyers for the Timbers contend that the embezzlement case has jeopardized the organizations status as a tax-exempt nonprofit, the club is still facing considerable debt to build new fields roughly $760,000, according to the clubs latest newsletter sent out to parents in September. Youth sports in recent years have exploded into a $19 billion enterprise, by some accounts, but their ecosystem is built on a shaky foundation of nonprofit clubs, many run by volunteers. Clubs across many sports, including soccer, basketball and volleyball, rake in hundreds of thousands of dollars per year from registration fees, fundraisers, private training and camps, but checks and balances on the flow of that money are often absent. Investment banking products and services within the United States are offered exclusively through Deloitte Corporate Finance LLC. The ongoing case reveals the complexities of running a youth sports organization: Leaders engaged in bickering, name-calling and political maneuvering, all the while leaving kids in the crossfire or, in some cases, altogether forgotten. Please see www.deloitte.com/us/about for a detailed description of the legal structure of Deloitte LLP and its subsidiaries. The Europa and Lone Star teams have worked diligently to build companies that have established themselves as trusted resources within the health and wellness industry. /Outlines 65 0 R Additionally, AFI has invested significant capital to build ESPs inventory as part of this transaction, and CIT Northbridge Credit has provided a new working capital facility to support ESP. WebEuropa Sports Products, Inc. Overview. Is youth sports next? Each of these companies also join a rapidly expanding list of retail bankruptcies so far this year, which include restaurants and off-price clothing brands. YogaWorks. Theres often no governance of youth sports organizations not from parents, sponsors or local governments and most embezzlement cases involve treasurers or volunteer board members who have been trusted with an organizations funds, with little to no checks and balances on how budgets are operated. WebEuropa Sports Products, Inc. filed as a Foreign For-Profit Corporation in the State of Texas on Thursday, June 13, 2002 and is approximately twenty-one years old, according to Europa Sports Products Inc. : Articles :: Law360 0000064770 00000 n Europa services mass market retailers, gyms, health food stores, and specialty supplement retailers through seven distribution centers located in Charlotte, NC, Dallas, TX, Strongsville, OH, Fresno, CA, Windsor, CT, Orlando, FL, and Las Vegas, NV. When typing in this field, a list of search results will appear and be automatically updated as you type. The transaction closed on Feb. 17, 2016. About Sheridan Capital Partners Law360 provides the intelligence you need to remain an expert and beat the competition. Honda Goldwing, Valkyrie , VTX , and Yamaha Star Motorcycles a However, today, we have launched a new and well-capitalized company directed by an incredibly strong c-level executive team. The laptop was sent to a data forensics examiner in Portland. BEND, Ore. Tara Bilanski was already a household name in the Pacific Northwest soccer scene when she was named executive director of the Bend FC Timbers in 2016. 0000003247 00000 n CIT Group Inc. (NYSE: CIT) today announced that CIT Northbridge Credit, as advised by CIT Asset Management LLC, served as sole lead arranger on a $40 million WebIntellectual Property Securities Bankruptcy Competition Employment White Collar Legal Industry Access To Justice Law360 UK Pulse || See all sections || TAKE A FREE TRIAL Prior to joining DCF, Lorin served as a managing director and co- More, James is a managing director with Deloitte Corporate Finance LLC (DCF). Win whats next. WebBiosteel Sports Nutrition; Black Market Labs; Blender Bottle; BSN; Bucked Up; Cellucor; Clean Beans; Clean Eatz; Controlled Labs; Core Nutritionals; Defiance Fuel; Eat Me Company News. By clicking Sign up, you agree to receive marketing emails from Insider Adversary case 20-09059 12 Related [+] 14 : Complaint by The Finley Group, Inc. against Europa Sports Products LLC Fee Amount Sometimes he plays video games online with his former teammates and they will tell him he should come play for Apex. >> According to court records, neither Bilanski nor Davin obtained approval from the Timbers board to keep those funds and they attempted to conceal the transactions by allegedly representing their work running the Timbers-owned summer camps as a profit-sharing agreement that would pay Bilanski and Davin a kickback of 85 percent of the camp revenue.

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