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Boxer Mayweather invested $4M in Country Crossing
The Associated Press
Published: Wednesday, August 4, 2010 at 11:06 p.m.
Last Modified: Wednesday, August 4, 2010 at 11:06 p.m.
http://www.newschief.com/article/201...APS/1008041076
The Associated Press
Published: Wednesday, August 4, 2010 at 11:06 p.m.
Last Modified: Wednesday, August 4, 2010 at 11:06 p.m.
DOTHAN, Ala. - Boxer Floyd Mayweather invested $4 million in the now closed Country Crossing development and casino in Dothan and says he wants that money back plus $1 million in interest.
The Dothan Eagle reported Wednesday that Mayweather was to be paid the $5 million, including $1 million in interest, on June 21 by Ronnie Gilley Entertainment and Resorts Development Group II, which built Country Crossing. Mayweather's attorney has sent a letter to Country Crossing saying that Mayweather has not
A spokesman for Country Crossing, Jay Walker, said Mayweather would have been paid if the casino had not been shut down in January by Gov. Bob Riley's gambling task force. Walker said he believes Country Crossing will be able to pay its investors next year, when he expects the casino will reopen.
The two major party candidates for governor, Republican Robert Bentley and Democrat Ron Sparks, have both said they will dismantle the gambling task force if elected governor.
The Eagle reported that Country Crossing is scheduled to receive $23 million in bond revenue in May 2011 and that Mayweather could be repaid out of those funds.
Mayweather is a welterweight (147 pounds) and has been called by some boxing experts "the world's best pound-for-pound boxer." He is undefeated with 41 wins, including 25 knockouts.
Mayweather is believed to be one of several athletes who have invested in Country Crossing.
Walker blamed Country Crossing's inability to pay investors on Riley and the task force shutting down electronic bingo casinos.
"The only way to get out of our current financial situation is to get back open," Walker said.
The Dothan Eagle reported Wednesday that Mayweather was to be paid the $5 million, including $1 million in interest, on June 21 by Ronnie Gilley Entertainment and Resorts Development Group II, which built Country Crossing. Mayweather's attorney has sent a letter to Country Crossing saying that Mayweather has not
A spokesman for Country Crossing, Jay Walker, said Mayweather would have been paid if the casino had not been shut down in January by Gov. Bob Riley's gambling task force. Walker said he believes Country Crossing will be able to pay its investors next year, when he expects the casino will reopen.
The two major party candidates for governor, Republican Robert Bentley and Democrat Ron Sparks, have both said they will dismantle the gambling task force if elected governor.
The Eagle reported that Country Crossing is scheduled to receive $23 million in bond revenue in May 2011 and that Mayweather could be repaid out of those funds.
Mayweather is a welterweight (147 pounds) and has been called by some boxing experts "the world's best pound-for-pound boxer." He is undefeated with 41 wins, including 25 knockouts.
Mayweather is believed to be one of several athletes who have invested in Country Crossing.
Walker blamed Country Crossing's inability to pay investors on Riley and the task force shutting down electronic bingo casinos.
"The only way to get out of our current financial situation is to get back open," Walker said.
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