Tag Archives: San Angelo Colts

Angelo State to Re-Open Foster Field Friday

Angelo State University Rams LogoAfter a 17-game road trip to start the season, Angelo State University in San Angelo (TX) will at long last make its debut in its renovated home, Foster Field at 1st Community Credit Union Stadium, where the Rams will host Texas A&M-Kingsville at 6:30 p.m. Friday.  The spruced up ballpark was the home of the defunct San Angelo Colts (Independent, United League). Read more here.

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Filed under Design & Construction, Stadium Issues

San Angelo Colts Liquidated

San Angelo Colts LogoA liquidation sale of the San Angelo Colts (Indy Pro, United Baseball League) was recently held at Foster Field, pursuant to a court order because the ownership failed to satisfy the requirements of the their Chapter 11 reorganization plan.  Former GM Mike Babcock, who left the team in 2012 after his eight-year tenure at the helm, blamed central league ownership for the team’s demise and said, “We were making money, and in our worst years, we broke even.”  Read more here.

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Filed under Legal, Money & Financials

Time, Patience Run Out on Colts

San Angelo Colts LogoThe Bankruptcy Court of the Northern District of Texas in Dallas has put the final nail into the coffin of the San Angelo Colts (Indy Pro, United League Baseball).  In a recent ruling, the court ordered the ownership’s Chapter 11 reorganization proceedings be dismissed.  The next step is liquidation of its assets under the guidance of the court.  Read more here.

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Filed under Legal, Money & Financials

Looks Like End of Road for San Angelo Colts

San Angelo Colts LogoTexas Attorney General Ken Paxton asked the Bankruptcy Court of the Northern District of Texas to convert the San Angelo Colts (Indy Pro, United League) baseball team’s bankruptcy to Chapter 7, or liquidation, on behalf of the Texas Tech University System and Angelo State University.  The order was granted last week, according to court documents.  Read more here.  Read previous post here.

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Filed under League & Franchise, Legal

Ballpark Visit ALERT: Foster Field (San Angelo, TX)

Digital Ballparks LogoSan Angelo Colts LogoEric and Wendy Pastore from DigitalBallparks.com recently visited Foster Field, home of the bankrupt and gasping for air San Angelo Colts (Indy Pro, United League Baseball).  Read more and view photo gallery here.

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New Life for San Angelo Colts?

San Angelo Colts LogoThe San Angelo Colts (Indy Pro, United Baseball League) appear to have new life, after U.S. Bankruptcy Judge Barbara J. Houser approved a third amended version of a Chapter 11 reorganization plan on March 10.  Records also indicate that team and Angelo State University have agreed to enter into a new 15-year Stadium Use Agreement for the use of Foster Field starting at $4,166.66 per month plus utilities, with the first payment due by May 1, 2015.  Read our previous analysis here.

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Filed under Legal

Colts, United League Still Not Toast

San Angelo Colts LogoThe owners of the indy pro San Angelo Colts (United League) are still fighting to keep the team alive as they continue to pursue a reorganization plan in bankruptcy.  To protect their interests, a number of debt holders have filed objections.  A hearing on the confirmation of the debtor’s plan is scheduled for March 4.  As you recall, the bankruptcy trustee would like to convert the Chapter 11 reorganization Continue reading

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