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Old 05-12-2008, 05:11 PM
okiebadger okiebadger is offline
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Join Date: Apr 2008
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Default Re: More News on Sonics Lawsuit

Quote:
Originally Posted by RabidRed View Post
So if the judge rules in favor of Schultz would he have to pay back the money to PBC? Or place the money in the trust? I can't see him getting the sale reversed and keeping the money too.
That's exactly why he filed suit in this manner: he does want to keep the money. Under this scenario, the Trust is established for the purpose of selling the team, the proceeds of which go to PBC. Schultz keeps the original proceeds, PBC gets the proceeds of the forced sale and the new hypothetical owner keeps the team. I don't think it will happen but that is what Schultz wants. Dumb isn't it?
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