Tangled up in the multi-million-dollar bankruptcy case of defunct retail giant Sports Authority is a pair of loans made to two former marketing executives, the Denver Business Journal reported yesterday. Englewood, Colo.-based Sports Authority, now known legally as TSA WD Holdings Inc., filed suit Jan. 17 against two of its former executives as part of the bankruptcy proceedings filed in U.S. Bankruptcy Court for the District of Delaware. One suit is against Jeff Schumacher, formerly Sports Authority's executive vice president and chief marketing officer, and Simon MacGibbon, also a former senior vice president at Sports Authority. Schumacher and MacGibbon had been with the company since 2009. Both left in 2011, long before it went bankrupt. The suit alleges that the two former executives were issued unvested shares in Slap Shot Holdings Corp., a subsidiary of Sports Authority. All Sports Authority's subsidiaries, including Slap Shot Holdings, closed along with Sports Authority.
