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Happy Days
Two years ago

#37454

Shane Heal Bankruptcy

Article from the Courier Mail. Some interesting reading

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Anonymous
Two years ago
14:50 13 Jul 15

Reply #536800

re: Shane Heal Bankruptcy

a very good article, seems to confirm that Shane hasn't changed much since his days in the AIS in the early '80s.

If that is truly the case , I'd strongly suggest the SEQ players ensure they fill their own drink bottles.


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Greggo
Two years ago
15:33 13 Jul 15

Reply #536814

re: Shane Heal Bankruptcy

Wow... sounds pretty dodgy


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Anonymous
Two years ago
15:43 13 Jul 15

Reply #536816

re: Shane Heal Bankruptcy

You almost have to admire how positive he is. This would have been devastating and humbling for him.

I don't know much about bankruptcy although I thought it would have been just his pty ltd companies affected and not his personal wealth and investments. I'm suprised it didn't cost him his marriage.

I didn't know Matthew Nielsen was invloved. I heard way back in the kings days that they would be vip casino gambling together (this is alleged, I have no proof of this). This was before Nielsen made serious money playing hoops and Heal had returned from the nba.

From trading shares on margin to hyper expansion of his business interests, it looked like he went hard on the court as well as off.


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Anonymous
Two years ago
15:56 13 Jul 15

Reply #536818

re: Shane Heal Bankruptcy

I'm not sure humbe and Heal go together


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kr
Two years ago
16:02 13 Jul 15

Reply #536819

re: Shane Heal Bankruptcy

Sounds very Eddie Grovesish to me, chasing more and more growth with increased leverage up at every turn.


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Happy Days
Two years ago
16:06 13 Jul 15

Reply #536821

re: Shane Heal Bankruptcy

Got too big too quick!!!Be interesting to know whos funding this new team. I certainly wouldn't be putting up my hard earned money in.


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Anonymous
Two years ago
16:09 13 Jul 15

Reply #536823

re: Shane Heal Bankruptcy

816, what's to admire about someone who goes bankrupt owing lots of money to lots of people that will never be repaid?


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Ricey
Two years ago
16:21 13 Jul 15

Reply #536825

re: Shane Heal Bankruptcy

Bankrupt doesn't mean you have nothing. Case in point, Trump. Bankruptcy is a protection of assets at times, and just a way to get out of paying debts as much as possible. Some people genuinely go bankrupt, others just use it to their financial advantage


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Anonymous
Two years ago
16:27 13 Jul 15

Reply #536829

re: Shane Heal Bankruptcy

So 6 months after he isn't a bankrupt and 3 months almost since the story was written, is there a point?
Hopefully he won't make the same mistake twice.

Groves, pills in cars, Toyota dealers, bookies, university employees and the list goes on.



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Anonymous
Two years ago
17:38 13 Jul 15

Reply #536850

re: Shane Heal Bankruptcy

None of that article surprises me about Shady Shane.
I do love it when excessive greed and dishonesty catches up to someone, but it is a damn shame when numerous innocent creditors are caught up in it and are left out of pocket like that.

I never understood why white collar crime was so easily forgiven. The bigger the rip-off and the bigger the profits, it seems the less likely one is to end up in jail.


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Matthew
Two years ago
17:50 13 Jul 15

Reply #536853

re: Shane Heal Bankruptcy

I cant say Im a fan of Shane Heal. To be he represents a side of humanity: Hubris, Extreme Aggression and a willingness to burn mates to make Money. The fact that his wife ALSO went bankrupt owning money dosnt make me feel any better there. People who hide money under their wifes name are well... I wont say what they are here.


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Ricey
Two years ago
19:36 13 Jul 15

Reply #536863

re: Shane Heal Bankruptcy

Who's to say his wife wasn't involved in all the dealings though


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Anonymous
Two years ago
19:45 13 Jul 15

Reply #536864

re: Shane Heal Bankruptcy

Anyone know how to read the actual article that was in the magazine or link to it?


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Anonymous
Two years ago
19:50 13 Jul 15

Reply #536867

re: Shane Heal Bankruptcy

You mean the link in the original post?


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Anonymous
Two years ago
19:55 13 Jul 15

Reply #536868

re: Shane Heal Bankruptcy

The way he was speaking with the Queensland coach who was coaching his daughter in Tasmania last week, I have no reason to believe he is anything but a terrific upright citizen who has nothing but the utmost respect for women.

If my daughter is ever good enough, the first place I would be encouraging her to play is his WNBL team!


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Anonymous
Two years ago
20:26 13 Jul 15

Reply #536872

re: Shane Heal Bankruptcy

Thanks for posting Jennifer , I'm certain her dad will put her into his team as soon as she is old enough.


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Anonymous
Two years ago
20:29 13 Jul 15

Reply #536873

re: Shane Heal Bankruptcy

Should have added that "DOH" sounds even worse than "SOJ"


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Anonymous
Two years ago
20:48 13 Jul 15

Reply #536875

re: Shane Heal Bankruptcy

SAN FRANCISCO MAN BECOMES FIRST AMERICAN TO GRASP SIGNIFICANCE OF Irony - Jay Fullmer, 38, yesterday became the first American to get to grips with the concept of Irony. "It was weird," Fullmer said. "I was in Melbourne and, like, talking to this guy and it was raining and he pulled a face and said, "Great weather, eh?" and I thought "Wait a minute, no way is it great weather." Fullmer then realised that the other man's 'mistake' was in fact deliberate.
Fullmer, who is 39 next month and married with two children, aged 8 and 3, plans to use Irony himself in future. "I'm, like, using it all the time," he said. "Last weekend I was grilling steaks and I burned them to shit and I said, "Hey, great weather!"


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Curtley
Two years ago
22:22 13 Jul 15

Reply #536887

re: Shane Heal Bankruptcy

If this bloke had played for the 36ers for most of his career you'd all want him to have the keys to the city.


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Anonymous
Two years ago
23:02 13 Jul 15

Reply #536894

re: Shane Heal Bankruptcy

No we would be embarrassed by his antics. Classless....


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Anonymous
Two years ago
23:23 13 Jul 15

Reply #536897

re: Shane Heal Bankruptcy

'Anyone know how to read the actual article that was in the magazine or link to it?"

See the link. It's shouldn't be that difficult for a kid. Old man I guess it is.


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A. Bitoni Fan
Two years ago
23:39 13 Jul 15

Reply #536900

re: Shane Heal Bankruptcy

What a dog

"Heal testified he was "not aware" of such timing and his income-free period represented time for a business to turn profitable. “You can be suspicious about the timing; I'm trying to help kids,” he told court."


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Isaac
Two years ago
07:23 14 Jul 15

Reply #536908

re: Shane Heal Bankruptcy

Be prepared to stand behind what you have posted in court. Remember, if I am asked by a lawyer to provide potentially identifying information about a Hoops poster, I will comply.


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Cram
Two years ago
10:02 14 Jul 15

Reply #536941

re: Shane Heal Bankruptcy

Small business is tough and you have to work hard at it. A lot of small businesses fall into the traps ignoring cash flow problems (and focusing simply on overall company value), often borrowing from friends to overcome these problems without sorting out the underlying issues. I'm not making any judgments on this case except to say that Heal is far from the first or last to ever have a tough time transitioning from pro athlete to real life or setting up a small business.

Hope he recovers.


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MACDUB
Two years ago
13:40 14 Jul 15

Reply #537006

re: Shane Heal Bankruptcy

Unfortunately, many pro athletes go about their business endeavours the same way they play the game.

But, business is different to sport.

In sport, work in = work out. You get what you put in and the measure of your success generally equates proportionally to your work ethic.

In business, work in does not always equal work out. Putting more into a business, being more determined and motivated can actually lead to your commercial downfall.

The same "burning desire" to be bigger and better makes pro athletes, but ultimately breaks them as businessmen.


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Anonymous
Two years ago
15:15 14 Jul 15

Reply #537041

re: Shane Heal Bankruptcy

Any posters looking to have a crack at Mr Heal - I'd listen to Isaac, who I assume has already been contacted by said individual.


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jax
Two years ago
15:48 14 Jul 15

Reply #537045

re: Shane Heal Bankruptcy

I will leave my opinions of Mr Heal out of this but personally I would not enter into a business relationship with him. I'll leave it at that.
Best of luck to the new SEQ WNBL franchise and its supporters, sponsors and creditors. I hope they are a success and in the league for a long time.


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Ex friend
Two years ago
19:53 15 Jul 15

Reply #537265

re: Shane Heal Bankruptcy

Heal is a fraud and Simon Kerle lost 500k another ex mate lost 500k and his old agent lost 150k another ex team mate lost money he is only coaching women so he can get his daughters a gig he will ruin seq Bball also Jason Cheney ex wnbl coach lost 200k anther guy jimmy lost money all I know is where ever he goes the bridges burn behind him


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Anonymous
Two years ago
20:04 15 Jul 15

Reply #537267

re: Shane Heal Bankruptcy

Let's hope your facts are right.


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maxymoo
Two years ago
20:46 15 Jul 15

Reply #537271

re: Shane Heal Bankruptcy

Heal allegedly a dickhead


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Anonymous
Two years ago
21:32 15 Jul 15

Reply #537278

re: Shane Heal Bankruptcy

Don't think Heals daughters will need any help from Dad to get a game, from what I have seen they have both a great work ethic and a stunning skill set, they certainly wont be needing Dad to open any doors for them, they will be smashing them down on their own


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Anonymous
Two years ago
21:57 15 Jul 15

Reply #537281

re: Shane Heal Bankruptcy

The bigger question to be asked is how Simon Kerle had a spare 500k to invest.

I assume 500k Kerle > $1 mil Nielsen or B Brown.


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Supernintendo Chalmers
Two years ago
06:51 16 Jul 15

Reply #537293

re: Shane Heal Bankruptcy

Heal allegedly defrauded #265 of any punctuation.


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Anonymous
Two years ago
06:54 16 Jul 15

Reply #537294

re: Shane Heal Bankruptcy

Lol supernintendo.


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Anonymous
Last year
23:09 16 Feb 16

Reply #578192

re: Shane Heal Bankruptcy

SEQ winning the wnbl championship this season would be a Hollywood movie type story.


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Luuuc
Last year
23:28 16 Feb 16

Reply #578193

re: Shane Heal Bankruptcy

It would indeed.

They're in excellent form right now, so I wouldn't bet against them!


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TonyMontanasCoke
Last year
21:10 8 Jul 16

Reply #590929

re: Shane Heal Bankruptcy

Hi all, Shane Heal was awesome in this game.

https://www.youtube.com/watch?v=L3OCJBVgGHM

Probably pathed the way for a lot of future Australian's to play in the league.


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Anonymous
Last year
21:19 8 Jul 16

Reply #590930

re: Shane Heal Bankruptcy

Thanks Quentin


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TonyMontanasCoke
Last year
21:29 8 Jul 16

Reply #590932

re: Shane Heal Bankruptcy

Np... here to help.


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_Strungout_
Last year
14:19 18 Nov 16

Reply #608637

re: Shane Heal Bankruptcy

http://www.asic.gov.au/about-asic/media-centre/find-a-media-release/2016-releases/16-396mr-asic-charges-former-company-director-with-fraud/


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Very Old
Earlier this year
22:31 6 Mar 17

Reply #630122

re: Shane Heal Bankruptcy

first post for those who came in late

http://www.couriermail.com.au/business/queensland-business-monthly-former-nba-player-shane-hammer-heal-is-back-in-business/story-fnihsps3-1227303814377

last year
http://www.smh.com.au/business/australian-basketball-champ-shane-heal-charged-with-fraud-20161118-gssgem.html

and the next day

http://www.smh.com.au/business/basketball-stars-caught-up-in-shane-heal-alleged-fraud-20161118-gsss2n.html

two days later

https://www.businessinsider.com.au/philadelphia-76ers-coach-allegedly-defrauded-250000-by-a-former-australian-player-2016-11




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