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Old 11-20-2012, 12:07 PM
BIGPOPPAPUMP
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Post Comments Thread For: Universum Announces Bankruptcy as Debts Mount

It looks like once famed and powerful Universum Box-Promotion is on the brink of its final ten count. Tonight, Waldemar Kluch, the new owner of the world-known German team, revealed the bankruptcy, which has been held in Hamburg, Germany - the very heart of Universum. It was revealed by Kluch that he had filed the papers to begin the corresponding process (which is a long procedure in Germany) to be officially bankrupt. According to Kluch, he had found a number of open accounts, including at least 20 accounts with over 1.5 million euros in total. Kluch underlined he wouldn't pay for his predecessor's mistakes (Kluch's predecessor was Klaus-Peter Kohl) and not allow any more money to the black hole. He promised to take care of the fighters though.

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