Bruton Smith suing Wayne Newton

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MRM

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Bruton has billions in the bank he's worried about a few million. :rolleyes:

Bruton Smith suing Wayne Newton: Las Vegas Motor Speedway executive O. Bruton Smith is suing singer Wayne Newton, charging Newton is delinquent on a $3.35 million loan and seeking to foreclose on Newton's Casa de Shenandoah ranch in Las Vegas. The lawsuit was filed in Clark County District in Las Vegas Feb. 9 by Smith, chairman and chief executive of Speedway Motorsports Inc., against Newton, his wife, Kathleen McCrone Newton, Newton company Desert Eagle LLC and a Newton Living Trust dated Dec. 19, 2001. The lawsuit was filed by attorneys Mark Ferrario and Brandon Roos of the Las Vegas office of the law firm Greenberg Traurig on behalf of Smith, whose company based in Concord, N.C., owns tracks around the country for NASCAR and other races. Smith is also the chairman and chief executive of automotive retailer Sonic Automotive Inc. of Charlotte, N.C. The suit says that in March 2006, when Wayne Newton and Smith were friends, the Newtons approached Smith and asked him to assist the Newtons and Desert Eagle in obtaining a $3.75 million loan from Bank of America by providing a personal guarantee. The suit says Wayne Newton planned to refinance existing debt with B of A and that the loan would be secured by Newton's 38-acre residence in Las Vegas at Pecos and Sunset roads and by a private jet valued at more than $2 million.(see full article at the Las Vegas Sun)(2-18-2010)
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i read the article and if i was bruton i'd be suing newton myself. newton's in debt to others as well and should be held accountable. why should he be living in a 38 acre residence and not paying his bills? it makes no difference how rich bruton is, it's what newton owes and isn't paying back that's important.
 
That’s business. I don't care how much I have or who you are. Pay up sucker. Plus I'm sure its something along the lines that he wants to make sure he gets his money before Newton tries to show he doesn't have any assets.
 
Class envy showing it's ugly head again. Millionaires/billionaires don't make their money by giving it away.
 
SlowNeasy said:
i read the article and if i was bruton i'd be suing newton myself. newton's in debt to others as well and should be held accountable. why should he be living in a 38 acre residence and not paying his bills? it makes no difference how rich bruton is, it's what newton owes and isn't paying back that's important.
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I was just joking about Bruton worrying about a few mil. I agree. You agree to a deal, you need to live up to it or pay the consequences.
 
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