By Ariel Mutha-Tafoya
FSN Sports
“The Curse,” as it has become known, apparently has claimed another victim in the NFFA — this time, the sports book operation at West Nashville’s Club Gitmo and Casino.
Early Thursday, FSN learned legal representatives for Club Gitmo were drawing up papers for a potential filing for Chapter 7 bankruptcy protection. The papers, one source said, could be filed as early as Friday “if things don’t work out between El Jefé and (Treasury Secretary Timothy) Geithner.”
Apparently, this bizarre and startling turn of events was set in motion by the curse placed on the 12th Avenue Bakers by Cambridge owner Dave the Animal. Last week, Bakers owner QCurl Sharif announced that he had enlisted the aid of Shiva, who pronounced that the curse had been lifted, setting up a weekend showdown between DTA and the Destroyer of Worlds. Alone among U.S. sports books, Club Gitmo set up a betting line, installing Shiva as a 4½-point favorite over Nancy, DTA’s supercomputer and the alleged source of the Animals’ self-proclaimed “awesome awesomeness.”
“Dr. Linardo was so confident in Shiva that he instructed us to take everybody’s action,” said a former Club Gitmo employee, who resigned on Tuesday morning and wished to remain nameless. “Then it seemed like everybody was taking Nancy and the points. By Sunday morning, even el Jefé was putting a million dollars on Nancy just to make sure he was covered.”
When the Bakers fell to the Corsairs on Monday night, signaling that the curse had not been broken, payouts from the sports book quickly overtook the Club’s available cash and credit, threatening the organization with insolvency.
In response, sources said Linardo met Wednesday morning with Treasury Secretary Geithner, an occasional visitor to Club Gitmo (and rumored to have been a participant in one of the zombie hunts at the now infamous Bobberhead Lodge near Hohenwald), to seek a federal bailout of Club Gitmo.
“It makes sense,” said Rock O’Kane, managing partner of Powder River Capital, a West Nashville investment fund manager. “Club Gitmo functions like a bank for the under-served West Nashville area, and if it goes under the whole regional economy could collapse. Like GM and Goldman, they are literally too big to fail, and I think for the Feds this is truly something they can’t refuse.”
FSN will have more details as they emerge.
Early Thursday, FSN learned legal representatives for Club Gitmo were drawing up papers for a potential filing for Chapter 7 bankruptcy protection. The papers, one source said, could be filed as early as Friday “if things don’t work out between El Jefé and (Treasury Secretary Timothy) Geithner.”
Apparently, this bizarre and startling turn of events was set in motion by the curse placed on the 12th Avenue Bakers by Cambridge owner Dave the Animal. Last week, Bakers owner QCurl Sharif announced that he had enlisted the aid of Shiva, who pronounced that the curse had been lifted, setting up a weekend showdown between DTA and the Destroyer of Worlds. Alone among U.S. sports books, Club Gitmo set up a betting line, installing Shiva as a 4½-point favorite over Nancy, DTA’s supercomputer and the alleged source of the Animals’ self-proclaimed “awesome awesomeness.”
“Dr. Linardo was so confident in Shiva that he instructed us to take everybody’s action,” said a former Club Gitmo employee, who resigned on Tuesday morning and wished to remain nameless. “Then it seemed like everybody was taking Nancy and the points. By Sunday morning, even el Jefé was putting a million dollars on Nancy just to make sure he was covered.”
When the Bakers fell to the Corsairs on Monday night, signaling that the curse had not been broken, payouts from the sports book quickly overtook the Club’s available cash and credit, threatening the organization with insolvency.
In response, sources said Linardo met Wednesday morning with Treasury Secretary Geithner, an occasional visitor to Club Gitmo (and rumored to have been a participant in one of the zombie hunts at the now infamous Bobberhead Lodge near Hohenwald), to seek a federal bailout of Club Gitmo.
“It makes sense,” said Rock O’Kane, managing partner of Powder River Capital, a West Nashville investment fund manager. “Club Gitmo functions like a bank for the under-served West Nashville area, and if it goes under the whole regional economy could collapse. Like GM and Goldman, they are literally too big to fail, and I think for the Feds this is truly something they can’t refuse.”
FSN will have more details as they emerge.
