Yellowstone Club Members Revolt Over Bankruptcy
| November 13, 2008 |  View for printing |
Members of the Yellowstone Club http://www.theyellowstoneclub.com/ for the ultrarich are opposing another loan to the financially-troubled Montana resort and demanding to know what happened to $463 million in club dues and past loans.
The revolt against the exclusive club's management – by a group claiming to represent more than 100 of its 340 members – comes amid proceedings in the club's bankruptcy case.
New court documents show its debts total at least $399 million, or $56 million more than previously estimated. It has assets of $599 million.
By Matthew Brown, Associated Press
Full Story: http://www.flatheadbeacon.com/articl ... uptcy/6656/
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