Sports Law Blog
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Friday, March 05, 2004

Arena Bondholders Challenge Bankruptcy: Bondholders in the Oregon Arena are planning to challenge the company's bankruptcy declaration, claiming that the company has no plans to reorganize. Instead, the investors claim, the arena's owner, Paul Allen, wants to buy back the investments at a reduced rate. Allen owns the arena as part of his ownership of the Portland TrailBlazers.

The next hearing in the case is set for March 22.


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