Evander Kane bankruptcy trustee wants to sue firm that arranged his loans

MONTREAL, QC - JANUARY 29: Look on Edmonton Oilers left wing Evander Kane (91) at warm-up before the Edmonton Oilers versus the Montreal Canadiens game on January 29, 2022, at Bell Centre in Montreal, QC (Photo by David Kirouac/Icon Sportswire via Getty Images)
By Daniel Kaplan Feb 15, 2022 42
The trustee overseeing the Evander Kane Chapter 7 bankruptcy wants to sue Sure Sports, which arranges and underwrites typically high-interest rate loans to athletes. Sure Sports arranged the bulk of the underwater loans to the embattled NHL winger.

Based in Hollywood, Fla., Sure Sports has arranged and underwritten likely hundreds of millions of dollars of loans to professional athletes since its inception in 2009. Disputes between Sure Sports and athletes usually go to private arbitration per the terms of the loans, so the trustee’s planned lawsuit could trigger transparency in this ultra-private corner of the sports world.

Sure Sports over 10 months crossing between 2018 and 2019 arranged nearly $14 million in loans to Kane, according to court filings. Kane in early 2021 filed for Chapter 7 bankruptcy, declaring $26.8 million in liabilities and unleashing an ongoing vitriolic process between creditors and the hockey star who recently signed with the Edmonton Oilers. Sure Sports itself filed as a creditor, seeking nearly $1.2 million it alleged Kane owed in fees.

But in a filing on behalf of Kane’s estate, the trustee’s lawyer, Gregg Kleiner, wrote not only would he seek to invalidate its claim, but preclude Sure Sports from seeking: further payments. the return of money paid, to ask for damages and attorneys’ fees and court costs incurred in the prosecution.