Things are getting worse for San Jose Sharks forward Evander Kane. According to The Athletic’s Daniel Kaplan, Kane is facing a $15 million lawsuit from a financial lender. The report came out on Tuesday.
As it has claimed in court, Professional Bank states that Kane defrauded the company when he received a $1.5 million loan in 2019 against his seven-year, $49 million contract with the Sharks. PB is also contending Kane took out loans from several different banks in such a way he didn’t intend to pay back any of the money.
“Kane was in default, including by him revoking the automatic payment that was to occur from the Sharks,” Professional Bank’s attorneys said in the suit.
As you may remember, Kane filed for Chapter 7 bankruptcy in January, saying he had assets exceeding $10 million and liabilities approaching $27 million. It was then explained by many sources how the 29-year-old forward had nearly $16 million in unpaid loans and lost $1.5 million from gambling. When he formally filed for bankruptcy, he had hinted at the possibility of sitting out of the 2021 season amid the COVID-19 pandemic. He ended up suiting up for the campaign in which he has posted 22 goals and 45 points in 52 games.
Earlier last month, a judge ruled that Kane’s case would remain under the Chapter 7 designation after a creditor wanted it changed to Chapter 11. Kaplan noted that this means his creditors could not tap into his future earnings.
However, Tuesday’s news of this other lender dragging him into court gets added to all of this financial madness for Kane…
This is adding up!