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Billionaire Blixseth Misses $20 Million Payment To Lemond Group

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Blixseth, 57, has told the group he can't pay them until he closes the sale of the club. In January, he was in talks with CrossHarbor Capital Partners LLC, the Boston-based private- equity firm founded by Yellowstone member Sam Byrne. Blixseth agreed to sell ``significant assets'' of the club on Jan. 15, for $455.7 million, according to an affidavit from Robert Sumpter, the Yellowstone Club's vice president of development.

``I'm mystified as to why this so-called billionaire can't provide $1 out of $20 million to my clients,'' said Christopher Madel, a Minneapolis-based lawyer at Robins, Kaplan, Miller & Ciresi LLP, who's representing LeMond and the other plaintiffs.

Blixseth ranked 380th on Forbes magazine's list of the wealthiest Americans last year, at $1.3 billion


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  • 293 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?

      • down 5% +
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