Streaming service Fubo would have faced certain financial ruin if two of its programming partners were allowed to move forward with the launch of a similar sports-inclusive streaming service, according to comments made in open court by the company’s chief executive.

At a court hearing earlier this year, Fubo CEO David Gandler warned that the service, called Venu Sports, would cause it to lose hundreds of thousands of customers — or nearly 30 percent of its current subscriber base — which would have resulted in a loss of tens of millions of dollars in revenue before the end of the year.

That outcome would have resulted in Fubo’s stock…

Electric Guitar confirmed on Tuesday that 3radical, previously its primary operating subsidiary, had entered creditors’ voluntary liquidation following shareholder and creditor approval on 23 December.

The AIM-traded firm said Christopher Errington and Paul Ellison of KRE Corporate Recovery were appointed as joint liquidators.

As a result of the liquidation, Electric Guitar was no longer controlling or conducting any trading business, activities, or assets, and was now classified as an AIM rule 15 cash shell.

Under AIM regulations, the company now needed to complete a reverse takeover or seek re-admission to AIM as an investing company within six months.

Failure to do so would result in the suspension of its shares from trading on…

British cycling company Spoon Group, the owner-operator of bespoke bike brands Spoon Customs and WyndyMilla, as well as custom paint business Gun Control, has entered liquidation, following extensive efforts to adapt to what the group’s owner described as the ongoing “challenging market conditions” affecting the bike industry in recent years.

At the start of 2020, Surrey-based bespoke steel bike brand Spoon Customs merged with fellow British custom bike specialist WyndyMilla, established in 2009 by Henry Furniss and Nasima Siddiqui, under the Spoon Group umbrella.

Spoon founder Andy Carr took over the new company as CEO during the reorganisation, which saw Spoon and WyndyMilla continue to operate as separate…

Dear Prudence is Slate’s advice column. Delia Cai is filling in as Prudie for Jenée Desmond-Harris while she’s on parental leave. Submit questions here.

Dear Prudence,

I’ve been married for 23 years and we have a 10-year-old. Our relationship has not been what I hoped for. It’s been so hard! We did years of couples counseling before we had a child. Since I became pregnant, we do not have any physical intimacy, which stems from him. I just found out that my spouse racked up $100,000 of credit card debt because he “was depressed.” Thankfully none in my name. We separated our finances immediately. I’m so mad. We’ve had separate bedrooms for five years. We don’t argue in front of our child and work…

FORMER Dundee United chairman Stephen Thomson revealed last month that he had officially filed for bankruptcy.

The ex-Tannadice supremo made the revelation live on air as a guest of the BBC’S Off the Ball show.

2

2

He said: “Well, I’ve kind of hit rock bottom to be honest. I actually signed a petition for bankruptcy yesterday.”

And now his exact level of debt has entered into the public domain.

The Courier reports that a document available at Scotland‘s insolvency service gives his level of debt at £881,8333.

Thompson – whose dad Eddy made his name through the…

An era is coming to an end in Frick AG: Stratea AG, formerly known as K. Studer AG, is insolvent. With over 100 employees, a long-established company is on the brink of collapse.

A chapter of regional industrial history is closing in Frick AG: Stratea AG, formerly known as K. Studer AG, is insolvent. More than…

Lilium, a German startup that once led the charge in electric aircraft innovation, has ceased operations and laid off approximately 1,000 workers. After nearly 11 years of development and raising over $1 billion in funding, the company failed to secure the financing needed to continue operations or exit insolvency proceedings.

The news was first reported by Gründerszene, with Lilium’s co-founder and CEO, Patrick Nathen, confirming the closure in a LinkedIn post. Nathen expressed deep disappointment, stating, “After 10 years and 10 months, it is a sad fact that Lilium has ceased operations. The company that Daniel, Sebastian, Matthias, and I founded can no longer pursue our shared belief in more environmentally friendly…