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Article Date: November 2000
Word Count: 233

MAMMOTH SPORTS GROUP MAY GET $2.1 MM FOR ASSETS.


But attorneys for the unsecured creditors say the cashwon’t go far enough to help their clients. That leaves a long list of vendorspoised to eat some losses. Unsecured creditors include TaylorMade ($506,564),Ying Mao Precision Casting Co. ($266,008), Callaway Golf ($255,971), TrueTemper Corp. ($188,599), Foot-Joy ($184,174), and Adams Golf ($125,740).

Mammoth’s attorneys, however, are pleased with thebidding process and feel Mammoth Sports Group received “good competitive bids.”Canadian software firm AGS Inc. is offering $1.25 million for the Austadoperations, which includes the catalog’s inventory, trademarks, Web siteaddresses, mailing lists and toll-free phone numbers. AGS is listed amongMammoth’s numerous unsecured creditors, with $1,150 outstanding. ... Log in to view full article.

 

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