Categories

BC Krasnye Krylia loses arbitration cases

BC Krasnye Krylia from Samara, Russia, has lost two BAT cases. One against the player Gerald Green and the other one against the player Joe Alexander and his agents. BC Krasnye Krylia has had a very successful 2012/2013 season, winning the Russian cup and having qualified for the semi-finals of the FIBA Euro Challenge Cup. BC Krasnye Krylia plays the semi-final tomorrow against BCM Gravelines from France.

After losing the two FIBA BAT arbitration cases, the club now has to pay a total of more than a quarter of a million Dollars, or face escaling penalties from the FIBA.

Summary of the case Gerald Green vs BC Krasnye Krylia Samara

The American Player Gerald Green, Jr. filed a claim against the Russian club BC Krasnye Krylia Samara for outstanding salaries and penalties for late payment. The Player requested full payment of his salary for the 2010-2011 season, submitting that the Club had failed to pay the last two installments. Despite several invitations from the BAT, the Respondent did not file an answer to the request for arbitration within the set time limits. The Arbitrator decided to uphold the claim.

AWARD

BC Krasnye Krylia Samara shall pay Mr. Gerald Green Jr USD 73,065 as compensation for unpaid salaries, plus € 12.650 in penalties, BAT costs and legal advice.

Summary of the case Joe Alexander and his agents:

The American Player Joe Alexander, the agency The Neustadt Group and the agency ProTalent Sports Management filed a claim against the Russian Club BC Krasnye Krylia Samara for outstanding salaries, bonuses, penalties and agent fees. The Player and the Agencies requested outstanding payments owed under a Settlement Agreement executed with the Club under which the Club paid only two of five installments. Despite several invitations from the BAT, the Respondents did not file an answer to the request for arbitration within the set time limits. The Arbitrator upheld the claim in its entirety

AWARD

BC Krasnye Krylia Samara shall pay Mr Joe Alexander USD 128,650.00 net for unpaid salaries, bonuses, and penalties for late payments.

BC Krasnye Krylia Samara shall pay The Neustadt Group and ProTalent Sports Management jointly USD 27,150.00 net for commission payments and penalties for late payments.

BC Krasnye Krylia Samara shall pay Mr Joe Alexander, The Neustadt Group and ProTalent Sports Management EUR 10,535.00 as reimbursement for their arbitration costs and legal expenses

Share This Post

DeliciousDiggGoogleStumbleuponRedditTechnoratiYahooBloggerMyspaceRSS
Posted by on April 25, 2013. Filed under Breaking News,EuroChallenge,Europe,FIBA,Russia. You can follow any responses to this entry through the RSS 2.0. You can leave a response or trackback to this entry

One Response to BC Krasnye Krylia loses arbitration cases

  1. Tin Reply

    April 26, 2013 at 10:13

    BAT again corrects matters.

Leave a Reply

Your email address will not be published. Required fields are marked *

You may use these HTML tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <strike> <strong>