Go Sport sold. The first such transaction in Poland
The transaction was finalized on Wednesday, as announced by the company acting as receiver of Go Sport – Zimmerman Filipiak Restrukturalizacja.
In connection with the sale transaction, the bankruptcy estate raised nearly PLN 30 million gross.
“In addition, the bankruptcy trustee managed to agree with the new owner to cover some of the costs related to the management of Go Sport’s assets. Now it’s time to establish a list of creditors and divide the funds among creditors, including for employees,” the release reads.
Flash sale
The bankruptcy of GO Sport, as an entity controlled by the Russians, was a consequence of entering this company on the sanctions list. Overnight, all of its assets were frozen, including the complete closure of all stores and warehouses.
The sale of GO Sport was closed less than six months after the bankruptcy filing.
“As for Polish conditions, this is unprecedented, because bankruptcies usually last much longer, even for years,” the statement said.
Bartosz Sierakowski, vice-president of the management board of ZFR, points out that “the pace of proceedings is crucial in such complex proceedings.
“Each subsequent month means hundreds of thousands of additional costs related to the storage and securing of sanctioned assets. Therefore, it is extremely important to properly set up the process at the very beginning, select the right staff, and then efficiently implement the action plan. It should be noted here that the success was possible thanks to organizing a committed team of managers specializing in crisis management and supporting key Go Sport employees,” Sierakowski said.
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