Prince Sports files for bankruptcy protection
Prince Sports, which for more than 40 years has been affiliated with tennis greats like Jimmy Connors, Martina Navratilova, as well as modern stars like Maria Sharapova, has filed for Chapter 11 bankruptcy protection.
The Newark Bears minor league baseball team filed for bankruptcy, saying they owe their biggest creditors more than $4.6 million, including $3.4 million to its mortgage company and more than $800,000 to Essex County.