So far, the court system in the state of Georgia seems to be in rare agreement on a lawsuit that is working its way up the ladder. For those regular readers, you know the story of David McDavid vs. Turner Broadcasting. For those who don't, let's try and get up to speed.
David McDavid, a car dealer/businessman from Texas tried to buy the Atlanta Hawks, Atlanta Thrashers and Philips Arena from Turner Broadcasting in 2003. Without going into detail, he didn't get the deal. The reason he claimed and was able to show proof of, is that Turner appeared to stall on the letter of intent that McDavid had signed to purchase everything. The negotiated past the exclusive rights expiration and then Turner announced they'd be selling the teams to a group called "Atlanta Spirit".
Check out a more detailed version of the story from AJC.Com RIGHT HERE
((David McDavid//Courtesy: blogs.dallasobserver.com))
Obviously, Turner continues to appeal the $281 million judgement. Since the Court of Appeals upheld the lower courts decision, it now is moving on to the Georgia Supreme Court.
This is just one of many issues that continue to keep the teams and their ownership in the news. There have been numerous disagreements between the members of the Spirit and they have managed to barely keep their teams afloat.
McDavid, has moved on to other things, obviously thought he'd be very happy to see the folks at Time-Warner sign off on a rather large check...who wouldn't. We will keep an ear out to see if and when that happens.
Here is a commercial for David McDavid Honda...for those who are interested in such things. Thanks You Tube:
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