Kevin Durant’s Pizza Dream Files for Bankruptcy, Owes Tenants More Than Dough
KEY POINTS
- •Pieology filed for Chapter 11 bankruptcy in California in 2025, citing debts over double its asset value.
- •Founded by Michael Chang’s brother and once supported by Kevin Durant, the chain shrank from 130 to about 40 locations.
- •The parent company and its administrative arm sought debt restructuring while continuing operations amidst lawsuits from over 200 creditors.
Pieology, founded by tennis champ Michael Chang's brother and once backed by NBA giant Kevin Durant, has thrown in the dough towel with Chapter 11 bankruptcy in California. Once boasting 130 locations and a CEO fresh from Tim Hortons (yes, the coffee empire), Pieology’s slice of the pizza pie shrank to about 40 locations by 2025. Their assets barely hit $500K while owing between $1 million and $10 million—a debt spread across 200 landlords and vendors from Oregon to Puerto Rico. Kustom Partner, the administrative hand behind the scenes, also sought bankruptcy protection. Meanwhile, KD reportedly admired the 'quality' of the pie, but reps are silent on the crumbled investment.
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When your NBA-backed pizza brand ends up owing more landlords than it has pizza ovens, it's not just the crust that's getting burned.
Ownership’s over 10%? Nope. Looks like nobody wanted to own this sinking dough factory once it stopped rising.
Imagine trusting a former Tim Hortons exec to rescue a pizza chain and then watching them toss more stores than salad toppings.
Source: Businessinsider | Published: 12/9/2025 | Author: Kaja Whitehouse
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