Event Date: October 31st, 1986
Event Description: Spedding Files Suit
Source: UPI
Football Doug Spedding, a Denver-area car dealer and former owner of the USFL Denver Gold has filed a $24 million lawsuit against Ron Blanding, claiming Blanding misrepresented the team's financial condition when he sold the club to Spedding in 1984.
Spedding, who bought the team for $8.75 million, contends he was led to believe he would lose no more than $500,000 during the 1984 football season, but actually lost more than $3 million.
Story UPI........
No comments:
Post a Comment