
The Bush camp said it believes that New Era Sports & Entertainment, notably investors Michael Michaels and Lloyd Lake and sports agent David Caravantes, violated California's Athlete Agent Act, which, if breached, could not only result in damages for a student-athlete adversely affected but also cause the forfeiture of any repayments.
Bush's representatives, who have portrayed New Era's demands of $3.2 million as a type of extortion, said they believe that the company did not follow proper filing or disclosure procedures in California and violated a provision of the act by claiming in marketing materials that Caravantes was CEO of New Era -- which Caravantes now denies...
No comments:
Post a Comment