The soap oprea of Running Horse continues
The current bankrupt owner of Running Horse golf course says the deal for the course by golf course architect Donald Trump is dead. Trump’s lawyers say otherwise. Nobody seems to know what really is going on.
Current Running Horse owner Mick Evans says, “They’re really close. The Trump Organization chose to stop negotiations at this point, to stick with the deadline. Hopefully, they will have a change of heart on that and we’ll move forward. But, right now, the deal is dead as we stand.”
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Mick Evans also says that there are three other companies interested in the Running Horse property. He didn’t say who they were, but did say that one was in the eastern US, one on the Central Coast and one in Southern California.
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“The deal is not dead…Mr. Trump is not going to walk away from Fresno…It is an absolute misstatement of everything that has happened over the last six days. I resent it. What he’s done is go on radio and television and he made a statement that the only outstanding issue that needed to be touched upon was the clearer definition of back end profit and that’s not what’s happening now. Now, they’re re-treading the entire deal and a whole series of terms.”
Cohen said that Donald Trump would now wait until Running Horse goes from a Chapter 11 reorganization to a Chapter 7 bankruptcy. A judge will set an auction and Mr. Cohen predicts that Donald Trump will be the only bidder at that point for the Running Horse Golf Course.
