The future of an AM in the Valley of the Sun will not include a successful banker who made headlines in 2001 for his participation as an aviator in the London to Sydney Air Race … and again eight years later due to his involvement in two high-profile Illinois bank failures at the height of the Great Recession.
That’s because this individual, and his wife, have lost ownership of this facility some 5 1/2 years after filing for Chapter 7 bankruptcy protection.
The radio station is now in the hands of a trustee.
Note: An earlier version of this story incorrectly referred to KPHX-AM 1480 in Phoenix. This station is not involved in this matter. RBR+TVBR regrets the error.