Michael Reinsdorf, owner of International Facilities Group, and other Sports Interests, is alleged in a lawsuit (LASC BC 337 982) to have used privileged information against West Coast Arena Ventures, subjecting him to various causes of action relating to trade secrets, Confidential Information, and Interfering with Economic Prospective Advantage. The Montreal Expo's move to the Washington, D.C. area was the subject of controversy -- according to a Washington Post article, which cited D.C. civic and business leaders -- due to allegations of undue influence to block other competition for the contract for the new team's facility management, which was awarded to Michael Reinsdorf's company, International Facilities Group.
according to a Washington Post article, which cited D.C. civic and business leaders -- due to allegations of undue influence to block other competition for the contract for the new team's facility management, which was awarded to Michael Reinsdorf's company, International Facilities Group.
Beverly Hills, CA (PRWEB) October 13, 2006 -- It is alleged in a lawsuit (LASC BC 337 982) that, in violation of the terms of a signed Confidentiality Agreement between West Coast Arena Ventures, "WCAV," and Beacon Sports, Michael Reinsdorf and related entities, including International Facilities Group -- a spin-off of Jerry Reinsdorf's, Chicago White Sox Baseball Team -- elected to move forward and promote development concepts, similar or identical to West Coast Arena Ventures, cutting out its competition.
"Since professional sports is usually a Monopolized and Antitrust protected business, the issue as to whether Mr. Reinsdorf and his companies, 'play' fair on a level playing field, or use their family, contacts, and name, to unfairly compete and to dominate Sports Development, is certainly of interest to Sports Fans around the world," said West Coast Arena Ventures, CEO, David Schwartz.
Although, the case is set for trial, and the allegations have not been proven, you may take a look at the Complaint, LASC BC 337 982, or at:
WCAV is an an innovative new Sports and Entertainment Development Company, dedicated to building medium to large scale Sports and Music arenas, combining mixed use of commercial, residential, and retail components, to add value to outlining suburbs and communities that are near major Metropolitan communities.
WCAV, is preparing an I.P.O, and will use the proceeds to work with cities to build their tax base, while developing unique public-private partnerships to develop quality Entertainment and Sports venues for communities that have the demographics and demand to increase their quality of life and to have access to major sports and music content, that is usually located in larger metropolitan areas.
WCAV's mission is to work with willing cities and partners across the world, to create Public venues, and surrounding development, for an environment that the entire family and each target age group can enjoy.
West Coast Arena Ventures, LLC, is a boutique sports/entertainment/special purpose development entity specializing in mid-sized (8-10,000 seat) arenas, specialty venues for music, trade shows, and other specialized content oriented projects, or other initiatives that will enhance the quality of life for people and the communities that they reside.
As a turn-key sports and entertainment company, we bring the necessary skills and experience to work with cities, teams, leagues, television, movie, record, and other content and distribution driven companies, to finance and develop innovative venues in receptive communities throughout the United States , with our first 10-20 projects on the West Coast.
For the citizens of the locales in which we develop projects, West Coast Arena Ventures, LLC, desire is to offer our development, programming, marketing, technological (new Internet distribution, innovations), and financial engineering expertise as part of a team which has its priority developing venues which are effectively designed and constructed, efficiently financed and enthusiastically marketed to create content and excitement for deserving clients and communities.
