The National Sports Collectors Convention will be able to move forward with its Chapter 11 bankruptcy reorganization plans after the show reached a settlement this week with one of its largest creditors, Athlete Business Network.
ABN, the only creditor who had filed an objection to the NSCC’s reorganization plan, had a claim of $569,579. That claim was the result of an arbitrator’s ruling that the show was responsible for the balance of a contract ABN had negotiated with previous National show manager Bob Byer to be the operator of the autograph pavilion. The National said Byer negotiated the contract without its permission and ultimately dismissed him as show manager.
“It’s been a long, tough road working through the problems that Bob Byer left behind,” said NSCC president Etta Hersh. “But we are now clear and free to continue the tradition of the National. Our thanks go out to all the dealers who stood by us and reserved booth space for the upcoming Chicago show. We also appreciate the support received from the corporate sponsors, the NSCC board and SMI, the current show managers. As a team, we have survived and can operate freely and with great enthusiasm for many years to come.”
Hersch said more than 90 percent of available dealer booths have been sold for this year’s event, which is scheduled for July 30-Aug. 3 at the Donald E. Stephens Convention Center in Rosemont, Ill.