May 8th, 2013 | Published in Business
Unconfirmed reports from a reliable source indicate that the primary interest in the purchase of AMF Bowling Centers, which is emerging from Chapter 11 bankruptcy, is from Tom Shannon, one of bowling’s major proprietors.
As reported in BJI’s Cyber Report, Shannon is the CEO of Strike Holdings, which operates Bowlmor and Strike locations in New York; Miami; Bethesda, Md.; Cupertino, Calif., and Tustin, Calif.
According to sources, Shannon is working very hard to make a deal happen and, if it does, his plan is to leverage his present holdings to gain the necessary financial wherewithal to make him the largest bowling center operator in the world.
If he succeeds with his plan, he would be buying out the current secured creditors of AMF Bowling Centers, who have been pushing hard on their end to make this happen.
Shannon first expressed interest in an acquisition of AMF soon after he heard about its latest bankruptcy.
BowlersJournal.com will have additional information as it becomes available.