{"id":18353,"date":"2010-09-29T22:52:44","date_gmt":"2010-09-30T05:52:44","guid":{"rendered":"http:\/\/www.boardistan.com\/?p=18353"},"modified":"2010-09-29T23:04:13","modified_gmt":"2010-09-30T06:04:13","slug":"active-sports-inc-picks-up-sierra-snowboard","status":"publish","type":"post","link":"http:\/\/www.boardistan.com\/?p=18353","title":{"rendered":"Active Sports Inc. Picks Up Sierra Snowboard"},"content":{"rendered":"<p><a href=\"http:\/\/www.boardistan.com\/wp-content\/uploads\/2010\/09\/sierra_snowboard.jpg\" onclick=\"window.open('http:\/\/www.boardistan.com\/wp-content\/uploads\/2010\/09\/sierra_snowboard.jpg','popup','width=1000,height=749,scrollbars=no,resizable=yes,toolbar=no,directories=no,location=no,menubar=no,status=yes,left=0,top=0');return false\"><img loading=\"lazy\" decoding=\"async\" src=\"http:\/\/www.boardistan.com\/wp-content\/uploads\/2010\/09\/sierra_snowboard-tm.jpg\" height=\"149\" width=\"200\" border=\"1\" align=\"right\" hspace=\"4\" vspace=\"4\" alt=\"Sierra Snowboard\" \/><\/a>If a California bankruptcy court gives the final okay, the Minnesota based <strong>Active Sports Inc.<\/strong>, parent company of <strong><a href=\"http:\/\/www.the-house.com\/\" target=\"_blank\">The House<\/a><\/strong>, <strong><a href=\"http:\/\/www.proboardshop.com\/\" target=\"_blank\">Proboard Shop<\/a><\/strong>, etc. . . will end up paying $8 million for the Sacramento, California based <strong><a href=\"http:\/\/www.sierrasnowboard.com\/\" target=\"_blank\">Sierra Snowboard<\/a><\/strong>, its web site and inventory according to a story on <strong><em><a href=\"http:\/\/business.transworld.net\/48638\/features\/sierra-snowboard-sold-to-the-house-affiliate-for-8-million\/\" target=\"_blank\">Transworld Business<\/a><\/em><\/strong>.<\/p>\n<blockquote><p>According to court records, the purchase price includes all intellectual property, assets, good will, and none of the company\u2019s liabilities. A payment plan has been outlined for the $8 million outlining financial milestones Sierra\u2019s owners, <strong>Michael Anthony Management, Inc.<\/strong>, must meet. According to Active, the Northern District Court of San Jose, California approved the sale, subject to certain closing conditions on September 28. . . Final court approval is still required.<\/p><\/blockquote>\n<p>Sierra&#8217;s self-reported 272,302 registered online community members must have factored heavily into what seems like a high sale price for a bankrupt retailer with only one location, especially considering the reported $12-13  million in &#8220;outstanding trade debt&#8221; that still has to be dealt with by someone. Then again, it&#8217;s only money, right?<\/p>\n<p><strong>[Link: <\/strong><strong><a href=\"http:\/\/business.transworld.net\/48638\/features\/sierra-snowboard-sold-to-the-house-affiliate-for-8-million\/\" target=\"_blank\">Transworld Business<\/a><\/strong><strong>]<\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>If a California bankruptcy court gives the final okay, the Minnesota based Active Sports Inc., parent company of The House, Proboard Shop, etc. . . will end up paying $8 million for the Sacramento, California based Sierra Snowboard, its web site and inventory according to a story on Transworld Business. According to court records, the [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"ngg_post_thumbnail":0,"footnotes":""},"categories":[16,4,12],"tags":[],"_links":{"self":[{"href":"http:\/\/www.boardistan.com\/index.php?rest_route=\/wp\/v2\/posts\/18353"}],"collection":[{"href":"http:\/\/www.boardistan.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/www.boardistan.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/www.boardistan.com\/index.php?rest_route=\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"http:\/\/www.boardistan.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=18353"}],"version-history":[{"count":4,"href":"http:\/\/www.boardistan.com\/index.php?rest_route=\/wp\/v2\/posts\/18353\/revisions"}],"predecessor-version":[{"id":18359,"href":"http:\/\/www.boardistan.com\/index.php?rest_route=\/wp\/v2\/posts\/18353\/revisions\/18359"}],"wp:attachment":[{"href":"http:\/\/www.boardistan.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=18353"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/www.boardistan.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=18353"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/www.boardistan.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=18353"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}