Briefly The Wire
Ex-Georgia coach agrees to pay $5.5 million in dispute
ATLANTA — A former University of Georgia head football coach has settled a legal dispute with a bankrupt liquidation company that accused him of recruiting other high-profile coaches to invest in a Ponzi scheme, according to federal court documents filed this week.
Jim Donnan and his wife agreed to transfer about $5.5 million in cash, stocks and other assets to West Virginia-based GLC Ltd. to settle claims he profited by convincing investors to pump money into the company. Donnan has not been charged with any criminal wrongdoing and defense attorney Ed Tolley said his client was “absolutely not involved in a Ponzi scheme.”
Donnan is alleged to have made $14.5 million on an investment of $5.4 million.
The firm said Donnan received a commission of up to 20 percent for each investment. Money was being used to pay back initial investors like Donnan, forcing the firm to seek out even more money from new backers, the filings said.When the "continuous flow" funding dried up, debt-ridden society collapsed, they said, forcing the company to seek bankruptcy protection in February.
It attracted about 50 investors, including several top coaches, the documents say. Among the names in federal filings are the State of Texas football coach Dennis Franchione, Virginia Tech football coach Frank Beamer, former Dallas Cowboys coach Barry Switzer, Texas Tech football coach Tommy Tuberville, Texas Tech basketball coach Billy Gillispie and North Carolina State basketball coach Mark Gottfried.
UFL throws a struggling team, trim back schedule
OMAHA, Nebraska - United Fight League Soccer announced Wednesday he will play a shorter season, with four teams instead of five, with the Colonial Hartford suspension of operations.
UFL Commissioner Michael Huyghue said the league, which owns all or part of each franchise, could not afford five teams after losing more than $ 100 million in its first two years.
“We’re shrinking down a little bit, getting our house in order and making sure we have enough ammunition to get through the marathon,” Huyghue said.
Norfolk United Soccer League - News
Without Hartford, the second-tier pro league is left with teams in Omaha, Norfolk, Va., Las Vegas, and Sacramento. Hartford players will join surviving UFL teams through a dispersal draft Monday. Hartford coach Jerry Glanville will become a league
Major League Soccer games will be televised by NBC's networks starting next season, doubling the number of homes that dozens of games will be available in. The package currently on Fox Soccer Channel will move mainly to the NBC Sports Network,
In their most recent reports both Major League Baseball and Major League Soccer were given a combined grade of “B-plus” and the NFL received a “B”. ZURICH — FIFA has banned three Hungarian and three Bosnian soccer officials for life after they helped
NEW YORK (AP) — Major League Soccer games will be televised by NBC's networks starting next season, doubling the number of homes that dozens of games will be available in. The package currently on Fox Soccer Channel will move mainly to the NBC Sports
Football: The United Football League announced it will play a shorter season with four teams instead of five, with the Hartford Colonials suspending operations. Without Hartford, the second-tier pro league, which lost more than $100 million its first
Norfolk United Soccer League - Bookshelf
National directory of nonprofit organizations
The Soccer yellow pages
John Gaffney, President, PO Box 48, Norfolk MA 02056; day: (617) 587-8777; ... South Shore United Soccer Club, USYSA. Ages: youth; male only teams. ...Antitrust law developments (sixth)
2d 45 (DDC 2005), 1245 Norfolk Monument Co. v. Woodlawn Mem'l Gardens, 394 US 700 (1969), ... 1970), 1 1 19 North Am. Soccer League v. NFL, 465 F. Supp. ...McCormick on evidence
United States Dep't of Housing & Urban Dev., 929 F.2d 81, 84 (2d Cir.1991); Red- land Soccer Club v. Department of the Army, 55 F.3d 827, 854 (3d Cir.1995); ...Corks and curls
VA American Government Charlottesville United Soccer Club. WUVA. ... Roy A. Norfolk, VA History Fishing Club: Secretary. Undergraduate History Club. ...News Article Directory
Norfolk United Soccer Club #1 in Tidewater & South Hampton ...
https://www.youthleaguesusa.com/norfolk/11-12/NUSCAcademy.html ... ©2008 Norfolk United Soccer Club | CALL: 757-588-3294 | Contact NUSC Website Design by Youth Leagues USA ...
United Soccer Leagues (USL)
After 10 seasons with Baltimore's indoor soccer franchise, Nelson ranks fourth on the ... © Copyright 2011 United Soccer Leagues. All rights reserved. ...
Norfolk United Soccer Club #1 in Tidewater & South Hampton ...
NUSC = Norfolk United and plays at Lake Taylor Soccer Complex ... ©2008 Norfolk United Soccer Club | CALL: 757-588-3294 | Contact NUSC Website Design by Youth Leagues USA ...
United Soccer Leagues (USL)
United Soccer Leagues is proud to announce the addition of the Norfolk SharX to the I-League. The SharX were unveiled today at a news conference in ...
United Soccer Leagues (USL)
Virginia Beach, Virginia – The Norfolk Sports Club will honor Piranhas President and ... © Copyright 2010 United Soccer Leagues. All rights reserved. © Copyright 2010 Demosphere ...