The NBA Shop Was Prosecuted And Demanded Compensation For The Arrears Of Rent During The Epidemic.

Beijing time on May 28th, according to ESPN reports, a landlord sued NBA NBA (NBA Media Ventures), said it owed the rent in April and May, the total amount is about $1 million 250 thousand.

The plaintiff filed a lawsuit in the US District Court in New York on May 26th. According to the lawsuit, the plaintiff's company has rented the Fifth Avenue store in New York to NBA media Limited since November 2014 to open its official store. NBA needs to pay $7 million 500 thousand to the plaintiff every year, which can be paid monthly and the monthly rent is $625 thousand. Based on this contract, the plaintiff asked the NBA media company to compensate us $1 million 257 thousand and 400 and to pay US $20 thousand in attorney fees.

Subsequently, NBA chief communications officer Mike Bass (Mike Bass) issued a statement on the matter in May 27th, saying that the closure of the NBA store is actually caused by the new crown pneumonia epidemic, just like other retail stores on the Fifth Avenue in New York. We think this lawsuit is meaningless. We have tried it and will continue to try to cooperate directly with the landlord so as to solve this problem in a fair way for all parties. "

It is worth mentioning that according to ESPN's report in 2015, NBA's store in Fifth Avenue in New York is owned and operated by the online partner Fanatics of the alliance, so the rental and operation of stores are not entirely responsible for the alliance.

Affected by the epidemic, businesses are unable to operate normally. Whether the rent can be reduced or not has become a hot topic. According to "wealth" previously reported, in March 2020, many large retail and catering chains in the United States, including mattress stores Mattress Firm and catering brand Subway, have told their landlords that stores will be closed for several months due to the outbreak, and they will not pay or pay less rent.

In April, although the US epidemic relief plan did not directly solve the problem of rent, the Fed could leave room for major banks to postpone the collection of mortgage loans, thereby indirectly allowing the real estate owners to allow the tenants to postpone the payment of the rent.