Your Wednesday Thrashers-To-Winnipeg Latest: JB Smith Has Problems

((HT: AJC/Schultz))

According to Jeff Schultz over at the AJC, venture capitalist JB Smith has some problems that are more pressing than chasing after the Hawks, the Thrashers, and Philips Arena...

Other than waiting in line at the negotiating table...

From Schultz:

Two companies, iSekurity and Equity 11, have put out a news release, disassociating themselves with Smith. In fact, the headline on website reads, “JB Smith Not Associated With Equity 11 and iSekurity.”

Reuters has a copy of the news release itself...

Equity 11, Ltd. and iSekurity, an identity theft security and restoration firm comprised of former United States Federal Agents, announced today that media reports about JB Smith's association with Equity 11 and iSekurity are untrue.

"The shareholders of Equity 11 and iSekurity removed JB Smith from all positions he held with our companies in June 2010," said Jim Juliano, Equity 11's and iSekurity's Chairman. "In addition, the Oakland County Circuit Court entered a $1.9 million judgment against JB Smith, banned him from all positions with Equity 11 and iSekurity and ordered him to relinquish any ownership in these companies. JB Smith has not made any payments on this judgment. Several other creditors are also seeking payment from JB Smith." The Court took this action in Oakland County Circuit Court Case No. 10-1100121-CB."

So, then if Smith doesn't have the US$2-million to end the association ((or dis-association as the case may be)) with his ex-mates at Equity 11, who in the Sam Hill thinks he can pick up a mid-nine figure property on the whole- without being properly vetted by the leagues interested in what happens to their franchises...???

There's talk that Smith will be at the "Save Our Thrashers" rally Saturday. It'll be interesting what response he gets if he shows...

So, where would the new Winnipeggers be if their get their team...???
TSN's James Duthie and Darren Dreger discuss...
((HT: TSN/JHendrix70))