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| Mojo D, shown above left with Corsairs coach Ray Lewis, owes over $1 million to Club Gitmo Sports Book and is the target of their in-house collection agency. |
By Ariel Mutha-Tafoya
FSN Sports
In response to mounting bad debt at its lavish sports book, Club Gitmo announced yesterday the creation of its own in-house collection agency, Chigur Revenue Cycle Solutions, ZLC.
The new firm, a subsidiary of the Club and headed by team executive Anton Chigur, will focus on resolving unpaid debts resulting from gambling losses by bettors at the Sports Book.
In organizing the new company, Club Gitmo took advantage of a brand new law, passed by the Tennessee Legislature at the urging of Dr. Jorgé Linardo, establishing a ZLC, or Zero Liability Corporation.
While Saddam Hussein, the manager of the Sports Book, refused to discuss the amount of bad debt his operation has incurred, or name any of those targeted for collection services, two team officials disclosed privately that Downtown Corsairs owner Mojo D lost “a considerable sum that has not been repaid.”
“All told, he’s into us for about $1.2 million,” said one official who asked that his name not be published. “On 2 November he put 1,000 Linardos on the Corsairs to win it all. One thousand Linardos equal $100,000. With compounded interest, that’s $1.2 million.”
Bakers owner QCurl Sharif also owed $1.2 million, following a bet on his own team, recorded on September 14, against the Village Green. However, sources said that Black Dogs owner Bill Money stepped up and covered Sharif’s debt.
Less clear, according to inside sources, was how the Club Gitmo Sports Book handled two large debts incurred by the Bakers’ then-coach Snoop Lion. One source suggested that the team’s PR maven, Faith Popcorn, somehow persuaded Hussein to write off the debt. In any event, the sources agreed, the club no longer shows a debt from Lion on its books.
That leaves Mojo D and the Corsairs as the primary focus for Chigur.
“We rely on a variety of instruments — financial, legal, and other,” said the source. “We’ll collect. Let me put it this way. Anton always gets paid.”
