MOENing
07-07-2009, 04:04 PM
http://www.iowachops.com/news/index.html?article_id=284
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VIEW THE FULL VERSION : Prospect Info Chops get Chopped MOENing 07-07-2009, 04:04 PM http://www.iowachops.com/news/index.html?article_id=284 Ducks 07-07-2009, 04:28 PM jeez, does anyone know the details of what the Chops did to make the Ducks leave and then the AHL suspend the team? I know it had something to do with financial obligations not being met but that's pretty vague. Modo 07-08-2009, 03:00 AM Apparently the team was being used as collateral..... http://www.desmoinesregister.com/article/20090707/SPORTS1403/90707013/1091/SPORTS02/League-suspends-Iowa-Chops-from-playing-in-2009-10-season Andrews declined to cite the specific violation, but The Des Moines Register reported last month that the club had used the franchise as collateral to obtain a loan in March 2008 from a North Carolina branch of Wachovia Bank. Records obtained from Polk County have disclosed the loan amounted to $1.99 million and was used to cover operating costs. Andrews has said such loans are not permitted under league rules. | ||