Whats Vlade Up To?

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#1
didn't see this posted anywhere, so heres the latest for all you Vlade fans:


Suit alleges NBA star Divac defaulted on loan
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[font=arial,helvetica,sans-serif]September 7, 2004 BY STEVE PATTERSON Staff Reporter

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NBA star Vlade Divac has defaulted on a $1.4 million business loan intended for his charitable foundation, according to a lawsuit.

Chicago-based CIB Bank is demanding the balance due -- $677,080 plus interest -- on the 2003 loan given in Divac's name.

The money was delivered to the Group 7 Children's Foundation, a charitable group backed by Divac and other Serbian NBA players. When the loan was delivered, the group was based in Carmel, Ind., but it is now based in Chicago.

The lawsuit, filed in Cook County Circuit Court, claims Divac asked for the loan in June 2003 but hasn't paid on it since January, prompting the lawsuit.

CIB Bank attorneys declined comment, while Divac's attorney, Marc Fleischer, said he was not aware of the lawsuit. Group 7 directors also said they were not aware of the lawsuit.

Divac, one of the first Serbians in the NBA, is in his 15th year and will play for the Lakers this year.

The 36-year-old has played on two Yugoslavian Olympic teams.

He and Sacramento Kings player Peja Stojakovic are the primary supporters of Group 7, a division of Global Sports Marketing, which raises money for medical and educational programs in Serbia. Federal records show the group did not raise money in 2002 and showed no assets. Divac has been recognized by many organizations for his charitable efforts.

http://www.suntimes.com/output/news/cst-nws-vlade07.html
 

VF21

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#3
WalMatt23 - We post news of former Kings players right along with the news of all the other NBA players.
 
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