Hey, it's another day of Kristi E. Swartz from the AJC...
Today's Episode: No, S***, Sherlock!!!
“There’s bad blood between the owners...”
That pearl of wisdom came from Ed Peskowitz during Friday's testimony...
“It was inconceivable to me that Mr. Belkin would object to the appraisal that he paid for,” Peskowitz testified late Thursday. “I was concerned and had the understanding that we would be able to pick the second appraiser. It never occurred to me that both parties would object.”
In his mind, Peskowitz said a fair evaluation would be a low one. He thought they would have the right to object to a high value and then pick the second appraiser.
When Belkin’s attorney Jeffrey Schwaber asked why, Peskowitz grew heated, saying the other owners knew Belkin wanted to buy other professional sports teams. They thought he was “dangling” that in front of CitiGroup Private Bank, the appraiser he had hired, to get the bank to assign a high value to the teams and arena rights.
Belkin, who says he has the right to pick the second appraiser, filed a lawsuit within four hours of receiving CitiGroup’s report. For his part, Belkin justified that action in testimony earlier in the week.
“My understanding is that we asked for the court’s help to stop the defendants from interfering, ” he said. “I didn’t believe anything that the defendants said.”
Once again, we end week one of the anticipated two-week proceeding by repeating an earlier statement...
No s***, Sherlock!!!
Can they all be sent to "timeout" and never asked to return...???
Just axin'...
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