SportsQuest founder Steve Burton files for bankruptcy
Burton’s 45-page filing lists $579,000 in assets and $2.06 million in liabilities.
Burton’s 45-page filing lists $579,000 in assets and $2.06 million in liabilities.
The SportsQuest complex in Chesterfield County will pay out more than $900,000 in restitution, attorneys fees, and civil penalties.
All that remains of the dream that was SportsQuest is a multimillion-dollar heap of debt.
Who got the best deal?
North Carolina-based Shaw, which was the sole bidder, paid $4.7 million for the sprawling 250-acre property near Route 288.
On May 22, the 250-acre campus that could’ve been a world-class venue for athletes near and far may be on the auction block.
SportsQuest’s home turf might soon belong to someone else.
Former SportsQuest employees on the bench without pay.
Burton deflects responsibility for the company’s demise saying the board made some decisions it shouldn’t have.
A battle continues to brew between SportsQuest interim CEO Dudley Duncan and former employees, who are owed one final paycheck.
Current and former employees of SportsQuest still owed money. New CEO bringing in some money, says he hopes to pay them.
The CEO of SportsQuest in Chesterfield has resigned, as the mega sports facility remains in financial turmoil.
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