NBA All-Star Devin Booker expressed concern over Hooters potentially filing for Chapter 11 bankruptcy, urging the restaurant chain not to go under. Alongside Booker, others such as golf influencer Paige Spiranac, also took to social media to show their support for Hooters. Hooters of America is reportedly working with creditors to restructure its debt of $300 million through a Chapter 11 filing, with the law firm Ropes & Gray assisting in the preparations. Despite the closure of around 40 locations across the country, none have closed in Arizona where Booker resides. Additionally, the company sold around $300 million in asset-backed bonds in 2021.
While Hooters faces financial difficulties, Booker is focused on helping his team, the Phoenix Suns, succeed this season. The Suns currently hold a record of 27-29, placing them 11th in the Western Conference and outside the playoff picture. Despite the team’s talented roster, they are at risk of not making it to the Play-In Tournament if the season were to end today. Booker, who is averaging 26.0 points, 6.7 assists, and 4.0 rebounds in his 10th NBA season, remains committed to helping the Suns improve and secure a spot in the playoffs.
The news of Hooters potentially filing for Chapter 11 bankruptcy has sparked concern among fans and supporters, with Booker and others expressing their hope for the iconic restaurant chain to overcome its financial challenges. As Hooters of America works with creditors and legal advisors to restructure its debt, the future of the company remains uncertain. Despite the closure of multiple locations and the sale of asset-backed bonds, Hooters continues to face difficulties in maintaining its business operations.
Booker’s loyalty and support for Hooters reflect his desire to see the chain overcome its financial struggles and continue to operate successfully. As the Phoenix Suns push to secure a spot in the playoffs, Booker remains focused on leading his team to victory and success. The All-Star guard’s commitment to the Suns and his community is evident in his efforts both on and off the court, as he advocates for the preservation of businesses like Hooters that hold significance to him and others.
With the future of Hooters hanging in the balance, supporters like Booker and Spiranac are voicing their concerns and showing their support for the iconic restaurant chain. As Hooters of America works towards a potential Chapter 11 filing to restructure its debt, the company faces challenges in maintaining its business operations amidst closures and financial difficulties. Despite the uncertainty surrounding Hooters’ future, Booker remains focused on leading the Phoenix Suns to success and overcoming their own obstacles in the NBA season.
