Online Auction of Pickleball Rocks Inventory: Thousands of Paddles Up for Grabs
Are you a pickleball enthusiast looking to score a great deal on gear? Well, you’re in luck! Christy’s of Indiana is hosting an online auction of the entire inventory of the now-defunct business, Pickleball Rocks. With thousands of pickleball paddles, hats, shirts, balls, nets, and more up for grabs, this auction is a hot ticket for any pickleball player.
The story behind this auction is quite intriguing. Rodney Grubbs, the mastermind behind Pickleball Rocks, swindled investors out of millions of dollars through a pickleball investment scam. After years of convincing players to invest in his business and real estate deals, Grubbs was forced into bankruptcy, leaving behind a trail of debt totaling $47 million.
Despite efforts to recover hidden assets, it seems that Grubbs may have spent everything he owed. The bankruptcy trustee is now looking to liquidate the remaining assets, including the pickleball business and properties in Ohio, Indiana, and Kentucky. It’s estimated that the sale of these assets will only generate about $2 million to compensate Grubbs’ investors, resulting in a minimal recovery of 3-5% of the owed money.
For pickleball players and investors alike, this auction presents an opportunity to recoup some losses from Grubbs’ scheme. With the proceeds going towards the victims of the scam, bidding on pickleball gear at Christy’s auction not only benefits you but also those who were deceived by Grubbs.
So, if you’re in need of a new pickleball paddle or simply want to support a good cause, don’t miss out on this unique auction event. Who knows, you might just snag a great deal while helping out those in need. Happy bidding!