Home Business Stu Sternberger sued by minority owners of Rays over team finances — again.

Stu Sternberger sued by minority owners of Rays over team finances — again.

by The 100 Companies

A group of minority owners of the Tampa Bay Rays MLB franchise suing to oust principal owner Stu Sternberg are at it again. 

The group recently filed another lawsuit, saying Sternberg is deliberately withholding and backdating documents the partners have a right to inspect. 

The minority owners said they’ve received inadequate responses to requests for financial and management information, often receiving documents that are “obviously altered” if they come at all, the suit said. The lawsuit demands years of bank statements, communications with accountants, compensation agreements and financial information about the formation of RBC, information regarding withholding profits and more.

– Daniel Figueroa IV, Extensive Enterprises Media

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