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Tom and George - Fit and Proper?‏


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Done

 

Sent.

 

Just out of interest, what's the SOS stance on CCing this to our new friends at RBS since it contains information that's extremely pertinent to the commercial considerations that they're supposed to be basing their lending decisions on?

 

I like where this is going :)

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Guest simon
lets not argue about who scores the goals as long as we win the match ;)

 

It wasnt about that. It was me hearing about good ideas turned down and silly ones getting the go ahead.

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Got three bounce backs that the address are wrong ???? any ideas ??

 

Just sent them from another e-mail account to check they had not turned on any filter to block them and they are still going through fine. Try again with it.

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The pot calling the kettle black

 

Texas Rangers owner Tom Hicks sues former partner in failed Glorypark development | News for Dallas, Texas | Dallas Morning News | Dallas Business News

 

Texas Rangers owner Tom Hicks is trying to recover millions of dollars from his former Glorypark development partner, saying he would have never put money into the project if it had been truthful about its progress.

 

Hicks accuses Steiner + Associates of Columbus, Ohio, of fraud and breach of fiduciary duty, saying Steiner made "misrepresentations and omissions" about financing.

 

The accusations are in a counterclaim to a lawsuit Steiner filed in January against Hicks. Steiner's suit claimed a 25 percent ownership in Glorypark, a failed 1.3 million-square-foot shopping, hotel, entertainment, office and residential development, and seeks control of 45 acres near Rangers Ballpark in Arlington.

 

In an e-mail response this week, Steiner + Associates principal Yaromir Steiner said that Hicks and his representatives were fully informed and that Hicks himself worked on financing and attended monthly planning meetings on the project.

 

According to Hicks' suit, the development began to unravel within months of being announced in mid-2006, when a "primary investor" backed out. But Hicks and Steiner, the suit says, plowed ahead, taking control of land Arlington contributed to the development and asking the project's architecture and construction firms to work on plans even as funding was questionable.

 

In his suit, Hicks said he "trusted and relied" on Steiner to make the project happen by pre-leasing most of the retail space, a key to obtaining financing. "In retrospect, however, it is clear that the trust that [Hicks] placed in Steiner was misplaced," the suit says.

 

The architect, RTKL Associates, and the construction firm, Vratsinas Construction Co., have sued Hicks and Steiner, seeking payment of $8 million for their work on Glorypark.

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"Texas Rangers owner Tom Hicks is trying to recover millions of dollars from his former Glorypark development partner, saying he would have never put money into the project if it had been truthful about its progress."

 

The irony.

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