[April Fools Day Story 2009] Looks like even the coolest guys in the skateboarding world can be dumb with their money. In a story released this morning the Skatepark of Tampa has announced that it will be filing for chapter 11 reorganization protection after opening too many stores and running up nearly $20 million in debt to a Tampa gentlemen’s club.
Owner Brian Schaefer said that he hopes the bankruptcy filing, while painful, will allow the company, which is celebrating its 16th anniversary, to begin the healing process and return to being a strong company with 993 stores instead of 1001. . . “We look forward to creating a great Skatepark of Tampa that is an asset to all of its partners,” he said. . . . Schaefer and GM, Ryan Clements, have met with 30 vendors in the past three weeks to explain the situation, Schaefer said. He said vendors have been very supportive and have said they will ship fresh goods to Skatepark of Tampa on a COD basis. Some have even said they will offer SPoT credit terms as soon as Skatepark of Tampa filed for bankruptcy, Schaefer said.
For the rest of the sad, sad story and a chart featuring the top 20 creditors click the link.
[Link: Skatepark of Tampa]
is that an april fool’s joke?
yes, look at the first debtor.
Mons Venus is SO yesterday.
This is in poor taste. Shame on you.
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