Michael Jordan invested $1.5 million in his former trainer Tim Grover’s gym. Now he stands to lose it all. The Chicago Tribune reports Grover’s company, Attack Properties LLC, didn’t pay the bills and owes $12.2 million and filed for bankruptcy in order to delay foreclosure. Jordan’s $1.5 million stake topped the list of other unsecured creditors:
Attack Athletics, an elite West Side athletic training facility built by Tim Grover and backed by his most famous client, Michael Jordan, may be headed for foreclosure.
Grover’s company, Attack Properties LLC, is in receivership and owes more than $12.2 million to creditors. Among those with substantial skin in the game is Jordan, who stands to lose $1.5 million as an unsecured creditor.
Click here to read more