03-23-2012, 06:31 PM
RE: How likely do you think it is that Upper Deck will be claiming bankruptcy this year?
RE: How likely do you think it is that Upper Deck will be claiming bankruptcy this year?
(03-23-2012, 04:41 PM)jdetter23 Wrote: I can only hope they don't.They have always been the ones with the best looking cards.I cant imagine how much they make a year alone on the stuff they sell with MJ and Lebron.Then they also have the exclusive rights for Tiger Woods as well.Three of the biggest names in sports and sports history with how many people collect their stuff.
I think not having the NFL and NBA license has hurt the brand.However if they can forge some partnership with somebody to get it back then I think they could see a value in their brand increase.They have the rights to Fleer correct? So assuming they were to get a license for the NBA or NFL they can get back to making a variety of products.Instead right now they can only make SPA and Sweet Spot in football and so they are limited in what they can produce.They do have exquisite which although it is extremely high end , it produces some of the best quality cards and best patch cards.
I expect MJ to file a lawsuit here pretty soon looking to get money owed to him, As for Lebron, there are some questions as to whether his contract is even valid any more.
as for Upper Deck staying in business, well, let's see
Owe Aniplex 3,950,000.00 + interest,+ court costs + fee's (this was personally guaranteed to be paid by Tricky Dicky, so even if Upper Deck and/or Richard WcWilliams files Bankruptcy, McWilliams is still responsible for paying of the 3,950,000.00 + costs and Interest and it cannot be removed under any bankruptcy proceedings, or if he were to become incapacitated or die, the family would have to pay this first and foremost)
Owe MLB 265,000 + Interest
owe Kareem Abdul Jabbar not settled yet
Owe Upper Deck international Not settled yet ( Upper Deck vs Upper Deck )
Owe NFL, 1.4 Mill + costs + fee's + interest not settled yet.
Owe back rent + Utilities, etc.... on the Carlsbad Ca headquarters.
owe Back taxes in the Million dollar range
The only way Upper Deck will be able to stay in Business is if the President of Upper Deck international takes over, in that case I would not trust the president of that company either, he is just as bad as or worse than Little Richard,