Khans Investment Group Sues Edgewood Bakery For Control After Investing.

[nagrom73]

[http://jacksonville.com/news/metro/2014-12-04/story/jaguars-owner-khan-sues-edgewood-bakery-over-control-ownership#gsc.tab=0]

So like I said (you think he's reading this?  ) Gerd Dermit Khan. Don't mess with my hood.  One of the longest standing businesses in Murray Hill and you are  getting your undies in a bunch over a successful business that might be falling behind after a few months. So how's that Trio going? Why don't you go sue that too. I mean you've had it for a few years now and the only thing new there is some extra weeds and maybe some new graffiti.

#endrant

[Andy]

Is there a list of Stache Investments current engagements somewhere? Something to keep an eye on.

[camarocane]

Does not look good for them...
http://www.bizjournals.com/jacksonville/news/2014/12/04/khan-in-fight-with-edgewood-bakery-says-it-may.html

Seems like a bunch of finger pointing and both parties threatening closure if the other takes control.

[spuwho]

This is Khan's people cleaning up after Zsebok. Pure and simple.

[mtraininjax]

So far, his investments are not exactly succeding on any fronts, Jags losing record during ownership, losing soccer team, Onespark public relations fiasco, now his investment in a bakery is taking and his name is getting thrown under the team bus again.

The difference between Kahn and Warren Buffett - You don't see Buffett getting dragged through the mud for poor investments, but like Buffett, does he really care what people say of his brand and image?

[spuwho]

So far, his investments are not exactly succeding on any fronts, Jags losing record during ownership, losing soccer team, Onespark public relations fiasco, now his investment in a bakery is taking and his name is getting thrown under the team bus again.

The difference between Kahn and Warren Buffett - You don't see Buffett getting dragged through the mud for poor investments, but like Buffett, does he really care what people say of his brand and image?

Warren Buffett has his bad days too.

http://money.cnn.com/2014/10/21/investing/warren-buffett-berkshire-lost-2-billion/

And his investment in British grocery Tesco has lost value as well.

Compared to his losses in Forex, Khan's losses are chump change.

[copperfiend]

So far, his investments are not exactly succeding on any fronts, Jags losing record during ownership, losing soccer team, Onespark public relations fiasco, now his investment in a bakery is taking and his name is getting thrown under the team bus again.

The difference between Kahn and Warren Buffett - You don't see Buffett getting dragged through the mud for poor investments, but like Buffett, does he really care what people say of his brand and image?

The Jaguars may have a losing record but they have also increased in value an estimated 200 million dollars in the three years since he purchased the team.

[I-10east]

So far, his investments are not exactly succeding on any fronts, Jags losing record during ownership

Not even two seasons under the belt, and you are expecting playoff runs from a rebuild? Then you say that his investments aren't succeeding when the Jaguars gained in value. The Warren Buffet comparison? Psst... When your throw in fluff like that, it takes away any validity of your argument.

[Dapperdan]

He better tread softly here. It sounds like the bakery is close to closing now due to the internal confilcts. That would be a terrible shame.

[KenFSU]

The Jaguars may have a losing record but they have also increased in value an estimated 200 million dollars in the three years since he purchased the team.

I really like Khan, but in all fairness, this increase can mostly be attributed to the NFL's new television contracts and actually underperforms the market (the average NFL team has seen a $400 million increase in value during this same period). Better indicators would be stadium revenue, overall non-television revenue, gate receipts, revenue per fan, etc., all of which are up significantly since Khan took control of the franchise.

No one wants to see Edgewood Bakery close, but I'd rather wait for all the details to come out before pinning this whole thing on Khan.

[tufsu1]

There's more to come regarding Khan and his investments in Jacksonville.  Stay tuned.

[Tacachale]

[acme54321]

There's more to come regarding Khan and his investments in Jacksonville.  Stay tuned.

I see one big ol "investment" is currently floating downtown.

[Charles Hunter]

You can see how First Coast News feels about it - the headline on their webpage:

Shad Khan suing Edgewood Bakery "owners"
http://www.firstcoastnews.com/story/news/local/2014/12/04/edgewood-bakery-shad-khan-suing/19932701/

Putting "owners" inside quotation marks?

[I-10east]

Maybe a billionaire getting entrenched with the local community isn't all that cracked up like it's meant to be in alot of ways; I prefer him doing things on his own (like the Shipyards) because him getting intertwined in contractual matters with local owners isn't looking good so far.

If this matter goes to court, this is basically a no win situation for Khan in the eyes of much of the local citizens, even if he maybe in the right with the contract. If he wins, he is the evil wealthy megalomaniac that took over a long time establishment; If he loses, his credibility will now come into question. I'm saying this as a person that appreciates him being the owner of the Jags.