Co-founder of BLK now bankrupt

A FORMER Queensland richlister has hit rock bottom after being bankrupted by the taxman.

Tyron Howard Brant was co-founder and chief executive of a sportswear manufacturer that supplied a host of professional teams, including the Wallabies, Brisbane Lions, Gold Coast Titans and Melbourne Storm.

But in the Federal Circuit Court in Brisbane yesterday, Registrar Katie Lynch brought it all to an end, ordering the 40-year-old from Helensvale be bankrupted.

Court documents show Brant was bankrupted over the $844,359 he owes the Australian Taxation Office after he allegedly failed to pay withholding tax as a director of World Rugby Specialists (WRS). The court has appointed insolvency specialists Anne Meagher and David Stimpson to act as bankruptcy trustees.

His bankruptcy comes four years after Brant and his father Kim – who developed the company with him – had a fortune estimated at more than $90 million.

Tyron and Kim Brant’s WRS business – trading as BLK – was providing apparel for a string of rugby, league, AFL and soccer teams, as well as supplying thousands of schools and grassroots clubs.