We have been on the phone all day with attorneys and lawyers. We have just received notice that we are getting a VOTING EXTENSION on the deadline to Monday 7th at 4:00 CT.
The UFPA has also secured a lawyer to represent us. The only condition to the extension of the deadline is that we have to get a list of the players to them by Sunday night. If you have teammates send them this email firstname.lastname@example.org so we can put their names on the list. AND if you haven’t already, please go join our member list so you do not miss any important updates before the new vote deadline.
Here is what you need to do ASAP if you have not done so yet:
1. FILE A CLAIM:
You must download and use the google chrome web browser for the form to pop up. “SAFARI” will NOT bring the form up and you have to be on a laptop or desktop.
We have attached a PDF with the instructions on how to fill out the claim. Click here to view.
2. CLAIM INFORMATION
Alpha entertainment has filed us as CLASS 3 UNSECURED and our status is CONTINGENT UNLIQUIDATED DISPUTED that means that they are saying they did not know how much we would be receiving but we would be receiving something. This class however is only entitled to 8-12% recovery rate on a 14,560 dollar plan. That plan amount looks to be coming from the remainder of our base salary contracts. BUT 8-12 % will leave us with around $1,400 dollars.
If Alpha Entertainment had identified us CLASS 2 or CLASS 1 (PRIORITY or SECURED) we would be receiving %100 of that 14,560 dollar plan. From our talks with the lawyer he was not sure why we are classified under unsecured but there is not much we can do about that now because of how late we are in the process.
From our talks with one of our Association Advisors Ryan Cave who has been a player president in the Arena League Union and just currently got done fighting a bankruptcy case for them, ”he says we will likely be in that CLASS 3 UNSECURED 8-12% range and there is really not to much we can really do about it at this point in the process. As the same happened to them.”
We are still trying to see what real leverage we have in the situation. TIME is not on our side so please stay locked in to your emails this weekend.
In the document attached below is a form for guys who have not filed their Claims yet to use as an example.
We have also attached the Voting Ballot as a PDF. However, you do NOT have to vote to receive any distributions that go out. Understand we can not do anything about the 8-12 % range that we have been classified in. So rejecting it could prolong the process of getting anything at all. And would more than like bring about an individual attorney fee that would likely be a waste of time and money.
Alpha Class 3 Blank Ballot