January 04, 2018 Sheikh Seeks Approval for New Loan Facility
The bankrupt CA-based inner city store has asked the court to replace its existing DIP facility from State Bank, which has declared a default and is now charging 11.5% interest on the loan, with a new loan of $5 million that will come from Anjum Sheikh, brother of the store’s principal, Sheikh S. Ellahi, and then seek an additional $10 million in financing secured by a Malibu residence jointly owned by the brothers that they value at $30 million with just a $3.7 million mortgage on it. Gander Lists 69 Locations to Open by May, 2018
Gander Outdoors will re-open 69 locations by the one-year anniversary after Camping World won the auction to purchase the assets of Gander Mountain in a bankruptcy auction, according to a release from the company. Former Raider Sues Riddell over Career Ending Concussion
Kevin Burnett, who played linebacker for the Cowboys, Chargers, Dolphins and Raiders over eight years in the NFL, suffered a severe concussion from a blow to the head in a game in Dec. 2013. Grass Roots to Move Show to Denver
The outdoor specialty buying group will move its bi-annual show to the Denver Convention Center immediately preceding the Outdoor Retailer Show. Etcetera: Le Bent, Alps & Meters, Garmin, PXG
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