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Former Expos Minority Owners Sue
2002-07-16 11:41
by Mike Carminati

Former Expos Minority Owners Sue Selig and Loria

Fourteen former minority owners in the Expos are suing former owner Jeffrey Loria and Bud Selig with fraud under the Racketeering Influenced and Corrupt Organizations Act. They apparently owned three quarters of the team at one point, were "diluted" (deluded) down to 6 or 7%, and then were left out in the cold when Loria sold to MLB. They now own the same percentage of the Marlins. From what I understand, Loria sold the club for what he purchased it for, so I'm not sure if this is just a bunch of vultures preying on the moribund body of the Expos or if it has some legitimacy. Maybe they anticipate the Expos being sold to a Washington group for a tidy profit and feel that Selig and Loria orchestrated that. Whatever.

But I do think it's odd a basketball star has been arrested for terroristic acts and a baseball commissioner and owner are being sued for racketeering.

. . .

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