Bilzerian’s move to save Ignite suggests he has greater liquidity than was originally thought. For one, he has been surrounded by allegations of his lifestyle being wholly rented, which former Ignite president Curtis Heffernan alleges in a lawsuit set to tee off at the end of 2021.
I know 200k is probably a lot to a peasant like you, but I flipped a quarter with a buddy for 6 million
— Dan Bilzerian (@DanBilzerian) October 14, 2020
In the background, questions have begun to emerge on who is running the company behind the scenes. One running theory is Dan Bilzerian’s father, Paul, a convicted fraudster and felon, is taking the helm of the ailing company behind the scenes. Whether this is indeed the case hasn’t been confirmed.
These issues aside, it appears Bilzerian has the cash needed to resuscitate the company after a string of losses in 2020 and 2021. Will it be enough to save Ignite in the long run? Or will Bilzerian’s cash infusion be for naught? It will certainly become clear in the coming weeks.
