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Lawsuit Filed Between Prospective Tampa Bay Buyers
by Paul on 11/26/07 at 07:13 PM ET
Comments (2)
via WTSP,
Florida Real Estate developer Jeff Sherrin, TV show executive producer Oren Koules, and and long-time hockey executive Doug MacClean are three of the principals in Absolute Hockey Enterprises, the group which was trying to purchase the Tampa Bay Lightning.
The Lightning confirm a lawsuit was filed between two of the partners in the ownership group.
The current owners are still hopeful they will be able to sell the hockey team to Absolute Hockey Enterprises or members of that group.
added 8:57pm, via Sports Network,
The sale of the Tampa Bay Lightning to Absolute Hockey Enterprises came to a screeching halt Monday due to a legal disagreement between Jeff Sherrin and Oren Koules, the principal partners in the deal.
Sherrin, who owns a vast amount of real estate, and the Venture Capital Group, is suing Koules in excess of $75,000. In court documents filed Monday in the 13th Judicial Circuit in Hillsborough County, Sherrin sued Koules for using highly confidential information for trying to broker his own deal to acquire the team, circumventing the partnership plan.
Filed in: NHL Teams, Tampa Bay Lightning | KK Hockey | Permalink
Tags: tampa+bay+lightning,
Comments
I’m no expert on partnership law, although I have gotten plenty of free business advice in the past, but this suit strikes me as a loser.
Why would Koules have used “highly confidential” information to shaft the partnership? If that were the case, he had to have known he’d wind up in court and lose. Assuming he had a bit of foresight about the whole affair, I’m going to bet the accusation he used “highly confidential information” is pretty flimsy, if not totally untrue.
I guess we’ll see. Has anyone heard anything else about where this has gone?
Posted by jack b on 04/28/08 at 07:06 PM ET
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Although I admit relief at the possibility that MacLean will (probably only temporarily) be kept out of a team ownership role, I lament that this means the Blue Jackets are still on the hook for his salary here in Columbus.
Posted by Michael from Columbus, OH on 11/26/07 at 08:01 PM ET