| chrisallard5454 |
Sep 29, 2012 4:45 PM |
Quote:
Originally Posted by rrskylar
(Post 5849216)
Good find Chris, thanks for posting.
The honourable thing for Katz to do would be to step down! But we all know that won't happen.:(
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Here is another one. I think the FP is now intent on exposing every corrupt act he has or is in the process of committing. A good thing? Yes.
Whether everything he does is bad or not -such as dpenner insists is something we should try to see it as- is completely mute.
If your girlfriend cheats on you one time, what she says when you spot her with another man -whether lying or not- holds little merit, as your trust has already been previously broken. Similarly, when the Mayor is caught in an act that puts him between the taxpayers he is supposed to lead and represent, the trust is gone, and the eyes will forever be fixated on the negatives until he leaves office.
http://www.winnipegfreepress.com/loc...171903151.html
Quote:
Katz's take on success raises ire
Ex-Crocus investor miffed about Fish
Winnipeg Mayor Sam Katz's comments about his business success have rekindled the ire of a prominent Crocus Investment Fund unitholder who wants to see the end of a dispute between the defunct fund and the Katz-owned Winnipeg Goldeyes baseball club.
On Thursday, Katz told reporters he could afford paying $1 million in cash for a home in the Phoenix suburb of Scottsdale in August because he's been successful over a 40-year career as the owner of nightclubs, travel agencies, comedy clubs and properties, among other businesses.
"I've been blessed and very fortunate in many of my business ventures," the mayor said. "You know what? If you work hard, wonderful things can happen."
Former Crocus investor Bernie Bellan, who launched a $200-million class-action lawsuit against the defunct fund, said Friday he found the mayor's comments provocative.
"It's disingenuous, to say the least. It raises the question of what has gone on with the Winnipeg Goldeyes," Bellan said.
In 2006, the receiver in charge of liquidating Crocus investments filed suit against the Goldeyes in an effort to recover $305,000 worth of interest on loans made to the club in 1999 and 2000. The receiver has since increased that claim to include principal as well as interest.
In 2007, the Goldeyes argued Crocus, in fact, made investments in the baseball club, as opposed to loans, and thus no money would be repaid until the team generates more profit. At the time, Katz said in an affidavit the team was not capable of repaying any interest and would not be capable of doing so until such time as the club has "a financially viable season."
In light of that claim, Bellan said he took interest in Katz's description of his financial success.
"The claim that the Goldeyes have never made a profit, I don't know how he can stick with that. If they don't make a profit, how much does he pay himself as the owner?"
Katz declined an interview request Friday. His spokeswoman, Rhea Yates, said the Goldeyes submitted a settlement offer last week but have yet to hear back from the Crocus receiver.
Lawyers for the receiver as well as the Goldeyes could not be reached for comment.
As a private business, the Goldeyes' financial picture is unknown. The club is routinely among one of the most robust in North American minor-league baseball and led the American Association in attendance in 2012...
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