{"id":277027,"date":"2026-06-24T19:47:11","date_gmt":"2026-06-24T19:47:11","guid":{"rendered":"https:\/\/www.newsbeep.com\/us-ny\/277027\/"},"modified":"2026-06-24T19:47:11","modified_gmt":"2026-06-24T19:47:11","slug":"mitch-modell-ripped-retailers-new-owner-during-knicks-nba-finals-run-you-blew-it","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/us-ny\/277027\/","title":{"rendered":"Mitch Modell ripped retailer&#8217;s new owner during Knicks&#8217; NBA Finals run: &#8216;You blew it&#8217;"},"content":{"rendered":"<p>While the New York Knicks were battling to win the NBA Finals earlier this month, Mitch Modell landed in the middle of a testy exchange with the new owner of Modell\u2019s Sporting Goods \u2014 capping months of failed negotiations to buy back the faded retail brand, The Post has learned.\u00a0<\/p>\n<p>The former \u201cUndercover Boss\u201d and CEO of the sporting-goods chain, <a href=\"https:\/\/nypost.com\/2020\/03\/06\/modells-prepping-for-bankruptcy-filing\/\" rel=\"nofollow noopener\" target=\"_blank\">which went bankrupt in 2020 and closed 140 stores<\/a>, on Monday revealed <a href=\"http:\/\/mitchellmodells.com\" rel=\"nofollow noopener\" target=\"_blank\">MitchellModells.com<\/a>, a new online apparel site that\u2019s <a href=\"https:\/\/nypost.com\/2026\/06\/22\/us-news\/modells-launches-online-comeback-after-knicks-championship-with-brick-and-mortar-stores-the-goal\/\" rel=\"nofollow noopener\" target=\"_blank\">selling a T-shirt commemorating the Knicks\u2019 historic title.<\/a><\/p>\n<p>That was after months of on-again, off-again talks to buy back the 137-year-old brand \u2013 famous for its \u201cGotta go to Mo\u2019s\u201d jingle \u2013 fizzled in acrimony, sources told The Post.\u00a0<\/p>\n<p>The New York Knicks won the NBA championship on June 13 in San Antonio. NBAE via Getty Images<\/p>\n<p>On June 12 \u2013 the day before the Knicks clinched the championship \u2013 Modell was locked in a heated text exchange with Raj Gupta, head of Omni Retail Enterprises, which had scooped up Modell\u2019s in 2023.<\/p>\n<p>Omni now operates Modell\u2019s as an e-commerce business, and the site was down \u2014 just as a frenzy for Knicks merchandise was going full-tilt.<\/p>\n<p>\u201cModell\u2019s website is closed down for maintenance??? Everybody is calling where to buy shirts,\u201d the 72-year-old Modell texted Gupta. \u201cYou blew it. I hope you choke on it.\u201d<\/p>\n<p>Gupta responded, \u201cStop texting me,\u201d and later, \u201csite back up. FYI.\u201d<\/p>\n<p>Modell replied with a thumbs-up emoji \u2014 and that was the last they communicated, according to both parties. That\u2019s after talks that had gone as far as a written, unsigned sale agreement that had been drafted by Gupta\u2019s attorney.<\/p>\n<p>Modell \u2014 whose great-grandfather Morris Modell founded the business in 1889 \u2014 had first tried to buy back the brand from Gupta in 2024. He initially offered $500,000 as <a href=\"https:\/\/nypost.com\/2024\/12\/30\/business\/former-modells-owner-wants-to-save-bankrupt-retailers-party-city-big-lots-our-goal-is-to-save-33k-jobs\/\" rel=\"nofollow noopener\" target=\"_blank\">he and his sons also tried and failed to buy Party City and Big Lots<\/a>. In December, Modell upped his bid to $1 million.<\/p>\n<p>Mitchell Modell launched a new online apparel business on June 22 called MitchellModell.com James Keivom for NY Post<\/p>\n<p>Gupta tentatively agreed, but the talks hit a roadblock when Gupta demanded that he retain a 5% stake in the company \u2014 along with a piece of its future profits. <\/p>\n<p>\u201cThis price won\u2019t be offered again,\u201d Gupta wrote to Modell. \u201cWe will continue growing it ourselves.\u201d<\/p>\n<p>Meanwhile Modell had demanded to see sales and customer data.<\/p>\n<p>\u201cI told him I\u2019d give him the $1 million and I told him you have to tell me how many emails you have from my customers,\u201d Modell told The Post. \u201cHe had all my data, everything.\u201d<\/p>\n<p>As the pair continued to haggle, Modell lamented the look of the Modell\u2019s website, according to text messages viewed by The Post.<\/p>\n<p>\u201cSelling coolers in Dec. is not a winning formula for success,\u201d Modell sarcastically wrote to Gupta.<\/p>\n<p>Modell\u2019s Sporting Goods filed for bankruptcy protection in 2020 and closed its 140 stores. USA TODAY Network via Reuters Connect<\/p>\n<p>\u201cWe went back and forth,\u201d Modell said. \u201cHe stalled me for two months.\u201d<\/p>\n<p>By March, Gupta still had not forwarded the customer info, claiming he\u2019d been \u201csuper busy.\u201d<\/p>\n<p>Weeks turned into months, with the pair finally erupting into the testy exchange during the NBA Finals.<\/p>\n<p>In a brief phone interview this week, Gupta confirmed the text exchanges, but was tight-lipped on details of the negotiations.<\/p>\n<p>\u201cThe deal fell apart because he didn\u2019t stand by the terms we had agreed to,\u201d Gupta told The Post, declining to elaborate.<\/p>\n<p>Modell\u2019s was first acquired out of bankruptcy for $3.6 million in August 2020 by Retail Ecommerce Ventures, an ill-fated firm led by the flashy self-help guru,Tai Lopez and his business partner, Alex Mehr, a former NASA scientist who helped orchestrate REV\u2019s acquisitions after selling its Zoosk dating site.<\/p>\n<p>Raj Gupta acquired Modell\u2019s from Tai Lopez and Alex Mehr, whose company Retail Ecommerce Ventures imploded. doctoralex\/Instagram<\/p>\n<p>Gupta acquired REV\u2019s assets in late 2023 after that company \u2013 which had bought other bankrupt companies including RadioShack and Pier 1 Imports \u2013 <a href=\"https:\/\/nypost.com\/2023\/03\/02\/owner-of-radioshack-pier-1-in-danger-of-bankruptcy-filing-sources\/\" rel=\"nofollow noopener\" target=\"_blank\">imploded<\/a> in a flurry of lawsuits and government probes. <\/p>\n<p>Because he doesn\u2019t own the retail brand or have licensing agreements with the Knicks and the NBA, Mitch Modell\u2019s $20 T-shirts refer to the \u201cKnodells\u201d and feature a NYC pigeon, \u201cthe unofficial mascot of New York,\u201d according to the website.<\/p>\n<p>Sales of the shirts also support research for cancer \u2014 $5 from each item sold \u2014 which claimed the lives of both his father and brother.<\/p>\n<p>The online store represents Modell\u2019s comeback to retail, he said on Monday.<\/p>\n<p>\u201cThe same way our beloved Knicks came back from San Antonio down 30 points \u2014 it\u2019s about believing that failure does not have to be final, it\u2019s about believing that bankruptcy is not the end of the story,\u201d he said.\u00a0\u00a0<\/p>\n","protected":false},"excerpt":{"rendered":"While the New York Knicks were battling to win the NBA Finals earlier this month, Mitch Modell landed&hellip;\n","protected":false},"author":2,"featured_media":277028,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[6],"tags":[384,288,57,106490,101023,37011,9,11,1104,10,5943,319],"class_list":["post-277027","post","type-post","status-publish","format-standard","has-post-thumbnail","category-new-york","tag-bankruptcy","tag-business","tag-metro","tag-mitchell-modell","tag-modells","tag-nba-finals","tag-new-york","tag-new-york-headlines","tag-new-york-knicks","tag-new-york-news","tag-retail","tag-sports"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/posts\/277027","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/comments?post=277027"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/posts\/277027\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/media\/277028"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/media?parent=277027"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/categories?post=277027"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/tags?post=277027"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}