A bankruptcy filing by the owners of the San Angelo Colts (independent; United Baseball League) is opposed by the court-appointed trustee, who says the team has not met legal conditions for approval. (more…)
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San Angelo woes mirror 2014 United League Baseball
Drawing 454 fans a game and under bankruptcy protection, the San Angelo Colts — once a standard bearer in the league — are an example of the issues facing independent United League Baseball. The league is down to four teams this season, playing out of three ballparks (Fort Worth, Harlingen, San Angelo) and drawing poorly: […]
San Angelo Colts file for bankruptcy protection against creditors
The San Angelo Colts (independent; United League Baseball) filed for Chapter 11 bankruptcy protection Tuesday, preventing a bank from foreclosing on the Foster Field mortgage. 1st Community Federal Credit Union had initiated foreclosure on Foster Field, with the team missing payments on a $384,000 mortgage. The ballpark was privately financed 14 years ago. From the […]