Judge Gives Georgia Company 30 Days to Buy John Rogers Assets
Thursday, April 16th, 2015
A would-be $59 million deal is back in play to buy the photo archive and sports memorabilia assets collected by John Rogers.
The wispy proposal by Red Alert Media Matrix Inc., which failed to materialize in February, was given a 30-day lease on life this afternoon by Pulaski County Circuit Judge Chris Piazza.
Piazza acknowledged Red Alert's offer might again prove to be "pie in the sky." But he said the possibility of solving so many financial problems for so many creditors made it worth investing another month.
Red Alert's earlier offer fell by the wayside on Feb. 27 after Michael McAfee, the court-appointed receiver for the Rogers assets, determined the group's funding was nonexistent.
