Phillies President Takes Leave Of Absence Braves Dispute Mayor's Charge Royals' Yost Clarifies Remarks About Crowd SeatGeek Closes On $35M In VC Financing Padres Honor Selig With Ceremony, New Plaza MLB Franchise Notes Big Payroll Doesn't Equal Success In MLB Cuban: Bud Selig Has Been "Horrible" Commissioner Could MLB Bend On Rose Ban For Right Price? Cubs Limiting Workers' Hours Due To Obamacare?
Upcoming Conferences and Events
SCORE BOARD FILES FOR CHAPTER 11 DUE TO SOFT CARD MARKET
Published March 20, 1998
NJ-based Score Board Inc., "faced with weak sales in a sports-card industry that never fully recovered" from the MLB strike, has filed for Chapter 11 bankruptcy protection, according to Dean Starkman of the WALL STREET JOURNAL. Neal Colton, a lawyer for the company, said that Score Board "has been hurt by a contraction in the market for sports cards, a result of both the baseball strike and of a glut of sports memorabilia in general." Score Board "defaulted" on a $4M secured credit line with Congress Financial Corp., among other debts (WALL STREET JOURNAL, 3/20).