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If I remember, Faball was essentially defunct. Ebonite came along and bought the Hammer name from the people that owned Faball. Ebonite bought the names, that's it. The last good core designs out of Faball were the 3-D's, and Mo Pinell owns the rights to those designs.
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I must think that Columbia was so deep in debt that it could not find any other way to deal with those debts. To buy a company that would have been forced to close its' doors is different from buying a name only. I am thinking that in addition to Columbia's debts, Ebonite will gain the rights to: capital equipment, research, design and other, unknown by me, intellectual properties.
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OnlyBowling