Big Update On Evander Kane's Bankruptcy Filing

As you know, Evander Kane claimed Chapter 7 bankruptcy in the Northern District of California after accumulating nearly $27 million in debt. More details have been revealed through court files.

Kane's bankruptcy claim falls under the heading of losses due to theft, fire, other disaster or gambling, and lists $1.5 million of debt from casino and bookie gambling. The Cosmopolitan hotel in Las Vegas recently dropped a lawsuit against Kane for failing to  pay $500,000 in markers. He allegedly ran up a tab when the Sharks were playing the Golden Knights in the first round of the 2019 playoffs.

Kane listed $10 million of assets and liabilities of $27 million, making his net worth negative $17 million. He owns $8000 worth of handguns, shotguns, and rifles and has taken out second mortgage on at least two properties in B.C. Additionally, his monthly expenses are $93,000 and include 7 dependents. 

He has listed a $1.3 million debt to "Leon McKenzie and Sure Sports LLC and is disputing the debt, claiming unfair trade practice, fraud, and breach of fiduciary duty. Sure Sports is a company that specializes in low-interest, unsecured loans and contract advances to professional athletes. They negotiated an $8 million loan for Kane. 

For the full story, read it in the Kelowna Capital News.

Photographer: David Kirouac/Icon Sportswire