Allegedly taken from baker.
thanksgiving just got akward.
How do you do that to your own son?! Without his knowledge to boot?
Smh.
"Hey Baker, can you pass the gravy train... er I mean gravy boat?" The gravy train has left the station. The father and brother had a settlement agreement where they would pay back the stolen money but they haven't paid a dime. When Baker was growing up they had financial struggles due to his dad's difficulties, and now his dad is a "private equity consultant" and apparently he's very good at disposing of other people's equity and Baker's brother has a similar talent.Allegedly taken from baker.
thanksgiving just got akward.
How do you do that to your own son?! Without his knowledge to boot?
Smh.
"The two parties entered into a settlement agreement in January, requiring the defendants to pay a total of $11,741,000 plus interest. The payments were scheduled to begin in September. Camwood Capital was required to pay Team BRM an initial payment of $250,000 on or before Sept. 30.
Another $250,000 was due on or before Dec. 31. An additional $3 million, plus interest, is due annually in December 2025, December 2026 and December 2027. The final payment, listed for $2,241,000 plus interest, is due December 2028.
As of Nov. 22, the Mayfields have not received any money owed from the settlement, per the lawsuit.
The defendants were also obligated to give the plaintiffs access to their records and refinance an existing loan to free up capital to repay the Mayfields as per the settlement. The defendants have not completed either, per the lawsuit.
Under the settlement agreement, the failure to meet the contract requirements is an event of default, allowing the Mayfields to demand full repayment of the outstanding balance immediately, per the lawsuit."
I agree, if for some reason Baker is spending Thanksgiving with his folks it will be awkward to say the least.
It's a shame some people get fleeced by their own family. I know from personal experience, but my loss was nowhere near $12m.
Honestly, more common in professional sports (and life) then most would think
this story though is extra awful because the dispute was settled and Mayfield is suing because his father didn’t honor the terms, apparently.
