Levingston unveiled as new PBL president
MATTHEW WUEST
METRO HALIFAX
June 09, 2010 1:26 a.m.
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The Halifax Rainmen owner was officially unveiled as the PBL’s new president yesterday following the league’s annual meetings in Chicago and said he is “coming in shaking the rug” and that the league “can’t continue to do business as usual anymore.” Levingston, whose role with the Rainmen is expected to be unchanged, said his main focus is to have teams with more stable ownership.
“No longer are we looking for guys with an extra $100,000 thinking they can own a professional basketball team in our league,” Levingston said. “Those days are over. It has to be harder.
“We want solid ownership that will run business the way we want business run.”
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What is so strange about hiring a new president?!? Well, the new president wants solid ownership that will run business the way WE want business run. The Problem is that Levingston is also a team owner; the owner of the Halifax Rainmen and...
Halifax Rainmen $376,000 in debt
The Halifax Chronicle Herald
January 2010
The Halifax Rainmen basketball team and owner Andre Levingston are facing a full-court press for about $376,000 in unpaid debt.
A Toronto finance company called 565819 Ontario Ltd. says in court documents the team and its owner received $55,000 on March 12, 2007, and $252,200 on April 27 of that year but have not repaid the loans in full.
The amount the team and its owner owed grew to about $383,000 because of missed monthly interest payments, but the total was reduced after a May 25 payment of $10,000, say court documents filed in Nova Scotia Supreme Court.
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Instead of whittling the loan amount down since 2007, the amount of the team's start-up loan amount actually grew because of so many missed payments. Does this mean the league is no longer looking for owners like himself??? This is a very strange league indeed.
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