Yellowstone Club, the last Elite Club falls? How can this happen? Crossharbor, Discovery Land Company, Edra Blixseth were just telling us that they had the funds to insure its success?

Somthing is not making much sense? Sam Byrne who maages a very successful Boston Group of investors had been planning this Bankruptcy since January. So, who gets the short end of the stick on this Chapter 11?

Greg Lemond we now assume is not going to get his settlement payment due November 15th as reported this summer? How is Greg Lemond feeling about this situation?

World Club members dupped by Tim being left with no assets and their deposits of 1,000,000 not beng returned?

How are the employees of the club feeling these days? How are the members feeling these days to have invested millions having the best resort in the world? Is there a fire sale on homes yet? Are members still going to pay monthly dues? If so who does the money go to? Employees? Banks?

What about the Yellowstone Club World trophy assets where a majority of the Credit Suisse funds 200,000,000 went to propel the lifestyle of Tim Blixseth. The press reported he keeps assets such as Turks & Caicos, Tamarindo, Yachts and others. Are members happy he diverted loan proceeds while the club can not pay their bills?

Seems to many persons lately that another situation where members were sold a dream and someone merely took all the money and ran away. Tim Blixseth appears to be the winner for giving Edra Blixseth the club and walking away scott-free from taxes, monies owed to Credit Suisse and others.

So, what is the real story gong on here? Who benefits besides our friends from Boston? Friends of Tim Blixseth? Edra Blixseth?

How is it that the wealthy can operate without any personal liability and with impunity on something like this, but the average person who gets bankrupted because they first lose their job, then health care benefits or ability to pay for it, and then has the misfortune suffer an expensive debilitating disease loses everything immediately. There is little to no bankruptcy protection for these unlucky souls, yet the Blixseths are able to connive and spend with assets with no personal accountability.

Oh but I forgot Bush's bankruptcy bill gave total cover to the corporations but not to US citizens and individuals.

It seems, as always ,the rumors surrounding the Yellowstone continue to fly amongst this latest news. Every time New West has posted another news story related to the Club, people find the excuse to vent any rumor, accusation, or falsehood all under the dirty cloak of anonymity. First attacked was Tim Blixseth, then Edra, and now sadly it seems Sam Byrne as well. I can understand people being passionate on many fronts when it comes to the club, as it affects the lives and livelihoods of so many people in this community, (I being one of them), but the attacks on other peoples character under a pseudo name hiding behind a computer are nothing but cowardly. I was always taught that if you have something to say have the guts to say it to the persons face, and in the digital age I guess that means if you are going to blog and attack peoples character or points of view that you should at least have the guts to sign your name to it.

As someone who has been involved in the club and parts of this deal from the start I can shed some perspective on Sam Byrne. Sam, has always been a firm believer in the Yellowstone club not as just an asset, but as a member and believer in the fundamental family based experience and values that the club offers to it membership. He came to the club as a guest of a friend and fell in love with the place, and since that time he has always put the future of the club first though these dealings. I am not one to deny that Sam Byrne is a good business man, but the underlying investment into the club was not just based in economics but the belief in the club as a whole. The investment in Sunrise Ridge was a business opportunity, as well as a chance to build a project that would be finished on time and on budget and help build some confidence in the club, something many of the members wanted to see, and many contractors doubted could be done. (ycmembers if you are indeed a member speak to the buyer of that project and get their opinion of Sam Byrne and the Crossharbor commitment to the club). The purchase of the golf course lots was not only a look to the future but the purchase helped fund much needed infrastructure in the club. Sam didn’t have to put any of those stipulations in the agreement, but thanks to him the new ski lifts to phase three were finished and the roads were fixed. Never once has he touted this, or put this into the public realm of the membership, but he ensured that that purchase helped benefit the membership as a whole. Consistent with the character of Sam Byrne I know.

I know for a fact regardless of what other people may say on blogs that in January of last year Sam Byrnes only goal was to purchase the club from Tim Blixseth and take it to the next level by ensuring that a master plan was created and that the financing was behind that plan. Ask yourself this, with so much invested in the Yellowstone Club, why would Sam Byrne or CrossHarbor want to do anything that adversely effects their investment in the Yellowstone Club. The reality of poor past financial decisions made within the previous club ownership has put the club where it is today.

As with any large transactions where confidentiality agreements are signed, some facts will never known to all but the parties involved. What I can tell you is this, that if it were not for Sam Byrne and his firm, the club may have reached this point long before this time, he has done everything he can to try and keep the club running, and always looked forward to a brighter future. There are not or never was any hidden agendas or conspiracies, and those casting such accusations should have the courage to do so under their own name.

Wow,

A Zukowski,

you posted the sam message over here? why? Most people need to move to the other blog on the FOLLOW UP ARTICLE JUST RELEASED BY NEW WEST.

By Privatepowder, 11-11-08

I believe it worth noting that Cross Harbor was helping to riase 100,000,000 according to persons at the Club. Staff and employees were told that Sam Byrne had loaned money to Edra Blixseth to buy out Tim Blixseth this summer. Cross Harbor failed to raise the necessary funds from existing members and from outside funding sources which has lead to the collapse of the club. Discovery Land Company was putting addional funds in exchange for the management rights of the club, however this too did not materialze. Could it be that investors do not trust the real situation of the club?

Greg Lemond is left in the cold. Greg was to be paid in November according to the press. I guess that is not going to happen now. What about Mike Snow and his legal action?

World Club members were never paid back by Tim Blixseth and now look to be having egg on their investment and loss of 1,000,000 each for a failed club concept.

Where are the deposits of the members who paid 150,000 to 300,000 to join the club? Are members paying the annual dues knowing the club will not be operating at normal operating levels?

Employees are not being paid. How sad is this?

Ski season is starting and many are told everything is back to normal and should continue to work despite that there is no valid evidence of funds.

Where is the loan money, really? Tim Blixseth sold the yachts and pocketed the cash. Tim Blixseth is trying to sell Tamarindo and Turks and Caicos to pocket the cash?

Seems that the club or Credit Suisse should be given these proceeds and not Tim Blixseth.

Rumors about Tim Blixseth's new Blixseth Fund is eager to do deals. Why not put your money in Yellowstone? Tim blixseth was in the papers putting up a reward for the Montana shooting. Did anyone verify he actually put the funds in the bank.

So many problems but its the small people who do not have secure jobs, members who bought a house at the highest values only to learn that the private skiing this year means you must walk up the hill as the lifts do not operate nor were fixed this summer. Roads unfinished, Warren Miller lodge is a ghost town and the list goes on.

Rise and fall of the great mighty Yellowstone Club. What a sad day for everyone. Let's see an investor come in a take the club over, the debt and promise to keep the club moving forward.
By bearbait, 11-11-08

Timmy's Trail of Tears won't end until he expires. It is the nature of the beast. He has a history, and all of it says this would be the conclusion of this deal, just like most he has profited from in the past.

Us Oregonians can only say: "Told ya so."
By Privatepowder, 11-11-08

Great Reply Bear Bait. How is Tim's new Fund doing? He was going to raise $2,000,000,000 in funds from investors who like what he did to make money on Yellowstone. Tim, where are you investors? Big talk but we have not scene any proof yet. Always quick to give the press something and then not follow through.

Oregonians, Idahoians, Montanaians, Californians, and Mexicans all know Tim Blixseth. Buy, sell and run. Bankruptcy has been the talk of the town since January 2008.

Sam Byrne's Cross Harbor and Tim Blixseth wanted to do this back in January 2008. Who's to say Tim and Sam Byrne did not plan it this way? Why else would Cross Harbor loan funds to Edra Blixseth to the tune of $30,000,000 only to pay off Tim Blixseth and see the club fail.

Sounds like someone is going to get a cheap club asset very soon and possibe the private golf course estate as well. The Court filing shows $343,000,000 of debts. A cheap price given Tim Blixseth stripped out over $200,000,000 for his personal toy collection which has no debts on them. He merely sells one to keep his Jet flying and his singing career moving forward.

Congradulations to you Tim. This has been your best deal yet. Buy a mountain on the cheap, sell memberships to the worlds elite, act like they are friends, take their money and leave them with a club that cant affoard to turn on its lights, pay employees salaries and then blame your Ex-wife for your problems.

Edra Blixseth, were you mislead by Cross Harbor actually being a ''White Night'' to you? Cross Harbor threw you what you thought was a life line but it now appears the line was made of steal. The property records show you have a lien against your golf estate for the amount reported to be given by Cross Harbor and its in default since October 2008. Do you not believe Tim Blixseth and Cross Harbor may have mapped out this strategy in the wee hours of the night?

What an amazing end. Billionaires left holding the broken promises and dreams, while others who made a billion and spent the wad on poor invetments such as Tamarindo, Turks & Caicos, France, St. Andrews, poor quality Yachts and the G550.

Tim, take your hat off and give a good bow to the crowd of friends you have mislead. Life at the top is very lonely, however witout money you will fall to the depths of a nobody, looking over your shoulder in a cowardly way knowing what you did to the people who believed in you and your dreams. Shame on you and shame on you for taking their money and acting like it was yours.
By azukowski, 11-11-08

It seems, as always ,the rumors surrounding the Yellowstone continue to fly amongst this latest news. Every time New West has posted another news story related to the Club, people find the excuse to vent any rumor, accusation, or falsehood all under the dirty cloak of anonymity. First attacked was Tim Blixseth, then Edra, and now sadly it seems Sam Byrne as well. I can understand people being passionate on many fronts when it comes to the club, as it affects the lives and livelihoods of so many people in this community, (I being one of them), but the attacks on other peoples character under a pseudo name hiding behind a computer are nothing but cowardly. I was always taught that if you have something to say have the guts to say it to the persons face, and in the digital age I guess that means if you are going to blog and attack peoples character or points of view that you should at least have the guts to sign your name to it.

As someone who has been involved in the club and parts of this deal from the start I can shed some perspective on Sam Byrne. Sam, has always been a firm believer in the Yellowstone club not as just an asset, but as a member and believer in the fundamental family based experience and values that the club offers to it membership. He came to the club as a guest of a friend and fell in love with the place, and since that time he has always put the future of the club first though these dealings. I am not one to deny that Sam Byrne is a good business man, but the underlying investment into the club was not just based in economics but the belief in the club as a whole. The investment in Sunrise Ridge was a business opportunity, as well as a chance to build a project that would be finished on time and on budget and help build some confidence in the club, something many of the members wanted to see, and many contractors doubted could be done. (ycmembers if you are indeed a member speak to the buyer of that project and get their opinion of Sam Byrne and the Crossharbor commitment to the club). The purchase of the golf course lots was not only a look to the future but the purchase helped fund much needed infrastructure in the club. Sam didn’t have to put any of those stipulations in the agreement, but thanks to him the new ski lifts to phase three were finished and the roads were fixed. Never once has he touted this, or put this into the public realm of the membership, but he ensured that that purchase helped benefit the membership as a whole. Consistent with the character of Sam Byrne I know.

I know for a fact regardless of what other people may say on blogs that in January of last year Sam Byrnes only goal was to purchase the club from Tim Blixseth and take it to the next level by ensuring that a master plan was created and that the financing was behind that plan. Ask yourself this, with so much invested in the Yellowstone Club, why would Sam Byrne or CrossHarbor want to do anything that adversely effects their investment in the Yellowstone Club. The reality of poor past financial decisions made within the previous club ownership has put the club where it is today.

As with any large transactions where confidentiality agreements are signed, some facts will never known to all but the parties involved. What I can tell you is this, that if it were not for Sam Byrne and his firm, the club may have reached this point long before this time, he has done everything he can to try and keep the club running, and always looked forward to a brighter future. There are not or never was any hidden agendas or conspiracies, and those casting such accusations should have the courage to do so under their own name.
By Privatepowder, 11-11-08

Sorry,

This has to be shown. The AP just released a statement from Greg Lemonds' lawyer and Tim Blixseth!!!! Read below and lets hope New WEST continues to report the facts to all of us.

From the AP today as an UPDATE to their release last night:

Associated Press
Resort for the rich owes $343M, asks court approval for $4.5M loan to stay open
By MATTHEW BROWN
11 November 2008
BILLINGS, Mont. (AP) - Court documents show the exclusive Yellowstone Club mountain resort in Montana owes an estimated $343 million to creditors such as banks and local contractors.
The residential club for the ultra-rich on Monday filed for Chapter 11 bankruptcy protection. The court filing says tight credit markets had made it difficult to raise money both to pay off the club's debts and make needed repairs to the resort.
Attorneys for the club are scheduled to appear in federal court in Missoula on Wednesday, to ask for Judge Ralph Kirscher's approval of a $4.5 million loan so the resort can open for the winter season.
Founded in 1999, the invitation-only club in the Gallatin Mountains counts Bill Gates and Dan Quayle among its 340 members. It had been planning a sweeping expansion when the credit crisis hit Wall Street. That choked off the club's flow of capital, demonstrating that even the elite are not escaping the nation's economic woes.
Critics accuse the club's founders, Tim and Edra Blixseth, of going on a spending spree even as the luxury real estate market stagnated, setting the stage for the bankruptcy filing. Listings of the Blixseths' assets include at least four foreign estates, two luxury jets and fleets of boats and vehicles.
"What this is about is an orgy of spending. An orgy of borrowing," said Jim Goetz, an attorney who represented cycling star Greg LeMond and others in a lawsuit against the club recently settled for $39.5 million.
Goetz said the final $13 million installment in that settlement -- due Saturday -- is now in doubt.
"They lived pretty well -- Gulf Stream (jets), Bentleys, Aston Martins. In hindsight, as well as in our foresight, it was ill-advised," Goetz said.
Yellowstone Club spokesman Bill Keegan said claims that the Blixseths were diverting club assets for personal use "have no basis in fact." The couple has since divorced, with Edra now controlling the club.
The club still retains assets worth more than its debts. Keegan said the bankruptcy protection was sought so the club can reorganize and settle up with its creditors.
Court filings list the value of the club's property at $778 million. That does not include unsold memberships valued at $336 million. If Chapter 11 protections are granted, the club could continue operating while it works out a plan to pay off its debts.
Meanwhile, the financial turmoil has put on hold expansion plans for the resort that were announced in September.
Through a development partnership with the Discovery Land Company of Arizona, the club had planned to build 450 additional houses and condos, an ice rink, a baseball field, a luxury spa and more ski runs.
"Here they were off and running and planning this expansion. Then, as they looked to secure long term financing, the meltdown occurred and everything froze up," Keegan said.
The bulk of the club's outstanding debt -- $307 million -- stems from a recently defaulted 2005 loan for $375 million.
When that loan was arranged through Credit Suisse, Tim Blixseth persuaded the club to pass $209 million directly to him and his corporate alter-ego, Blixseth Group Inc., according to court documents in the LeMond case.
Blixseth then attempted to take the club concept global with Yellowstone Club World, an international replica of the Montana enterprise but with a steep $1.5 million buy-in fee. Over the next two years he bought a chateau in France, a golf resort in Scotland, a villa in Mexico and an estate in the Caribbean.
Edra Blixseth has been trying to sell at least some of those properties since taking control of the club in August.
In an e-mail message to The Associated Press, Tim Blixseth on Tuesday denied allegations that the estate buys left the club financially exposed. He said the properties were bought when the real estate market remained "hot" and that some of the properties had since increased in value.
Tim Blixseth also said he had "not been in the loop" regarding the club's recent financial problems. But he said Edra's expansion plans seemed feasible at the time they were announced.
"She had no way of ever knowing what was around the bend in the world of finance," he said. He said the expansion "likely would have come to fruition had the entire world not had a financial heart attack."
However, Montana Gov. Brian Schweitzer said Tuesday that questions remain over the handling of the club's finances. With other creditors lining up to get paid as part of the bankruptcy proceedings, the Democratic governor said local contractors and subcontractors were at risk of losing money owed for work already performed.
He said the state would have an observer at Wednesday's court hearing in Missoula.
"Credit Suisse came in with $375 million, and now there's whole lot of contractors and subcontractors that have not been paid," Schweitzer said. "We'll be openly asking the question, 'Where did the money go?'"
By Privatepowder, 11-11-08

Dear azukowski

Clearly you are misleading. Who are you to hide behind your name? Clearly you work for Sunrise Ridge. So the facts are as follows and can be checked with public records:

1) Sam Byrne said in a court filed document he wanted to bankrupt the club, not only in 3 emails but in letters to Tim Blixseth

2) Sam Byrne got rid of the Golf Lots this August when he loaned $35,000,000 to Edra Blixseth to help buy Tim Blixseth out. If Cross Harbor is really a SAINT, then why the 1 month loan to Edra Blixseth. Check out the property records for the private golf estate called Porcupine Creek. Cross Harbor ad your SAINT are taking her house presently and as you say, ''A Good Business Man'' needs to be followed with he has made his firms money being one of the best distressed asset buyers in the USA build a reputation for take no prisoners. Spare us the holy than thou attitude on Cross Harbor. They are after a cheap asset and stopped at nothing to get it. Why else did they loan the money to Edra to resolve the divorce?

Ask yourself another question for Cross Harbor. Why did Cross Harbor (which by the way is recorded and a matter of public record) a first deed over a $250,000,000 asset called porcupine creek (note that this value was defined in court documents and quoted more than 5 times in the press) to secure a $35,000,000 loan to Edra Blixseth and at the same time take a 'First position over the Family compound worth another $45,000,000? Was this to insure Greg Lemond would never be paid? Was Cross Harbor playing its own game to secure interests and remove Greg Lemond? Listen, these are facts and a matter of public record. These are not rumors and gossip. Facts, facts which you can go look up.

I agree personal names should be left out but in the case of this club it’s impossible. Sam is passionate about this club as many others and do not try to sell a story that ''If it were not for Sam this club would have fallen before'' Read the court transcripts, Sam Byrne and Cross Harbor never could produce any evidence they had funding to close on the deal at $450,000,000 in January.

So what has Cross Harbor done, very simply, it lent more money to Edra Blixseth for 1 month. Why? Why? Why? It’s simple; they are in the business of making money at any cost. He wants to take the club over then one should consider not being a member. Cross Harbor is capitalising on the situation from the moment the divorce was announced.

So who is hiding and who is spinning the story. Write with facts and where it can be researched.

Can you also explain to all the readers if you have firsthand knowledge of the foreclosure proceedings on his loan of August to Edra Blixseth? Is he really going to take her family home away from her or was this a plan to get shares in Yellowstone Club the good old Boston way? What way is that, give a loan you know can't be repaid? Now, I would love to hear your comments and facts. Let’s leave the how great people are out of this and stick to the facts if you would not mind. By the way, how are your sales in Sunrise Ridge lately? Have you been paid or are you part of the Cross Harbor Team not on the payroll at Yellowstone Club, the new COO perhaps?
By Privatepowder, 11-11-08

Dear azukowski

You are new to these blogs as you do not appear to blog any of the past 7 Yellowstone Club articles on New West. Sorry just checking the past records for the facts. Can one conclude your part of the ''New Team'' appointed to turn the club around only to be told you report into Discovery Land Company or is it merely a case of you are part of the team at Sunrise Ridge?

I do not want to offend you, rather just interested in a good debate on facts which can be verified or at least pointed in the direction to go research them. There is no need to finger point, rather to hopefully provide to the readers factual evidence for all to consider before making their final judgement. I am not saying the Bixseths' are SAINTS, clearly the AP update article today addresses this in the most direct approach and shown above. What I am concerned about is the employees who have given it their all to make members happy, to the members who paid a fortune to buy into this great ski mountain only to be told its Bankrupt, the greed by others to try and buy this club cheap at the expense of others and to lend money to people you know can't pay it back. Does this make sense to you?

So, I am all ears to listen to your facts but let’s leave out the ''Blowing smoke up the you know what’.

We are merely interested to know what is the plan of the following persons and their companies:

1) Tim Blixseth and all the money he took from the club through loans to buy his toys

2) Sam Byrne / Cross Harbor: why did you lend Edra Blixseth such a large sum of money and a term of one month and take a first over a $250,000,000 asset and still keep a first over the family compound leaving Greg Lemond in the 2nd position? Did you plan the Bankruptcy? Did you get rid of the Golf Course Lots this August as part of the loan? Has Sunrise Ridge been paying their annual dues or were these delayed as part of loaning the money to Edra Blixseth? How about the homes Cross Harbor is trying to sell in the club, are you now paying the required 23,000 USD like the rest of the members? Have you ever paid annual dues? If not, why? Every land / lot is required to pay annual dues; it’s not the clubs responsibility if your condos aren't selling.
How much of the Credit Suisse Bonds do you own if any and when did Cross Harbor start buying part of the Bonds? Are you still speaking with Tim Blixseth?

3) Why did Edra Blixseth state all was fine and that the club was going to build new things? Why the statement? What is your plan now on re-paying Cross Harbor the 1 month loan? How does this help the club, the members values on their investment or does this just help you? Please explain.

4) Greg Lemond, great quote to the AP, but how could you be so obtuse and not get a First over the Family compound not knowing Sam and Edra were talking in late June? Why did you not put the puzzle together?

5) Tim Blixseth, are you going to repay the money you spent on the Yellowstone Club World assets? Are you going to finally tell everyone the facts on why you took what you took and why you feel no reason to return the money from the very club which made you a Forbes 400 member? We have no service, lights are turned off, ski lifts not working, clubhouses not finished and the place is falling apart? Any thought Tim Blixseth on how you intend to fix these problems with the money you took from all of us and Credit Suisse? Is this a ''Jokes on all of you" sort of story.

As you can see, this is about getting the facts and all parties need to be held accountable to speak with facts.

Thank you to understand the Blog.
By bearbait, 11-11-08

Maybe Governor Schweitzer will come up with a stimulus package for Yellowstone Club, financial genius that he is, and now so well connected to the hub of world finance and the Cobalt Blue world of Congress. Another billionaire entitlement packaged as a stimulus package. Keep those artisans working.

The guy pumping my gas today said it was cheering for him to pick up the paper and read that AIG was getting another bunch of billions to shore up their insurance business. Here he is, pumping gas for the minimum wage, going in the hole monthly, and the billionaires are getting the money taken out of his taxes ostensibly to pay social security some day in the future. He knows he is saving the billionaires, him and millions like him, and that is just not making his heart go pitter-patter, not making him feel warm and fuzzy all over. And their not being able to avail themselves to their golden parachutes was not making him feel a whole lot better. Not at his salary for what he is doing, compared to what they get paid for really, really, mucking up this country and our treasury. He is barely holding on to a job, and they still are getting paid millions. No justice. There never has been any for Tim to this point, and most likely never will be any. Teflon Timmy. Guilt, shame, honesty, morality, responsibility, all he is able to shed like water off a duck's back.

If Lemond got $26 million of the $39 million owed, he should consider himself a hero, and maybe luckier than he was when he survived his Cheney moment. Most creditors are going to get what the little boy who wanted the pony for Christmas found in his stocking----a sack of horseshit.
By YCemployee, 11-11-08

Thanks Private Powder for enlightening us.
But last time I checked the lights were on. The lifts all work great, the lift maintenance department was hard at work all summer, if you happened to look at the liftlines this summer as you drove by in your range rover you would have seen them out on line. Not sure if you noticed but the snowmaking crew been cranking the snow guns when it's been cold enough. Hard to do that without power... Our goal is to make this the best season ever. But we are sick of siphoning gas out of broken down work trucks so we make the ones that do run last a few more days. Give us the tools, supplies and spare parts we need and we can do great things. We don't care about your lear jets or crappy yachts, we worry about feeding our families and being able to afford health care. We like our jobs and try to do them well, but its hard not to get a little disgruntled listening to you fuckers bitch about whether the damn spa has been finished or complain because you don't have a proper clubhouse. Either you came for the skiing or you came for the golf or you came to make money. Why don't you all get together and make the place work again instead of suing eachother and trying to get richer than you already are. We could really give a shit on whether Greg Lemond gets his $13 million dollars, we just want our missing paycheck and possibly a little gas for our work trucks. Pray for snow!
By Privatepowder, 11-11-08

YC Employee

Nice to have a straight forward answer. I am glad to see that there are lights on at the club, glad to see its going to be the best season ever and glad to see everyone is paid and the employees are happy. You work hard and so do the members. Let’s put it this way, you save for a family and so do the members. How would you feel if you spent 7.5m USD on a bunch of lies only to find out you have been screwed? Put it this way, you went inside agave the gas station 50 buck to fill your truck up but went out to the pump and no gas came out. It’s all relative so it’s not a matter of could care less about Greg Lemond getting screwed, you see we the members pay and we thought it was going to the staff. Say all you want about rich FuXXers you want but many just want what they paid for and to insure the club is private. You start off by saying all is fine but end with the ''Missing Pay-Check"‘Glad to see the lifts are running as you say but for how long? You do realize what a Chapter 11 is do you not? How long is 4.45m going to last up there? Let me tell you in simple terms, 4.45m gets you to December 20th unless people put money into this club. Yes the members could invest, but we already did. Maybe the members should take the same attitude as you and say ''Screw it'' and close mountain all together by not paying the annual fees. Wouldn’t that be interesting? Then we could all look at this great ''Private Powder'' with no skiing and no need for employees all together. After all, every house has its own facilities and no one eats at Warren Miller lodge lately unless you missed this over the last 5 months. 5 cover a day on a good day


Bear Bait: Great response and Tim has already tried the bail out route, it was calling all the members again to bail him out, however Wayne Primm was the only one to come to his aid.
By Sharkbait, 11-11-08

The actions of both Edra and Tim regarding bankruptcy is nothing new. Again, as I stated over and over these actions and behaviors are criminal and should be investigated with every option open including criminal fraud. How, according to Brown's story, could Tim take 209M and move it illegally without the knowledge of all the equity holders? Mr. Branch, Mr. Markkula, Mr Watson did any of you know as the other equity holders that Tim was committing this fraud?
Now, San Byrne your CIP Sunrise Ridge LLC deals with Tim remain questionable at best. Not to mention those ugly condos that litter the mountainside. Your development of condos within the club has ruined everything beautiful about the mountain. Clearly your goal was and is to profit at whatever cost. I sincerely hope you loose your investment and I hope your behind the scenes
dealing ceases. Your activities regarding liens on Porcupine Creek to draw in Edra and screw others should be criminal as well! You are no different than the executives in question throughout the financial meltdown.
As a club employee put it to me, " we have to buy gasoline at Conoco on 191 because no one will deliver because of unpaid bills", so I guess maybe the club restaurants were closed because the wholesale food suppliers were not paid, right! I wonder if the real estate sales people have been paid, oh, probably not especially if you ask Mr Ladd who recently filed suit.
There are numerous individuals who if asked would tell you what type of people the Blixseths are. Some of these people were put out of business by the Blixseths when they bankrupted before.
Tim, how did it feel when Mr McCaw backed out on the island deal for Lot?? Tim, what did Leonard say when you made so much money when you traded him land for that same lot? Hopefully, you get what you deserve after messing with someone bigger and badder than you. You know what you have done and you will have to answer for your actions someday.
The US Bankruptcy court should freeze or liquidate any asset that the Blixseths own privately or through corporations. What did Tim or Edra have prior to the YC vs. what do they now. An accounting of all the monies and where they went should show most of their holdings were paid with monies from the club. One small problem, Denise and financial stuff blew up, so I can only say
I hope the courts that are sorting all these things out take a step back and look at everything together. And for God's sake, this mess was not caused but the lack of financing, rather the personal
greed and fleecing of borrowed and member's money. Tim and Edra
need to be held accountable!
By Privatepowder, 11-11-08

Shark Bait,

Welcome back and well written. I forgot about the house blowing up. What happened to Ladd? Did they try and let him go and he filed suit or is this suit for unpaid money from past sales? CIP Cross Harbor for the record is foreclosing on Porcupine Creek for failure to pay back the $35,000,000 recorded first on the property. Odd loan as it was only for one month for those of you who want to research this merely go into the public land records through a title company in Rancho Mirage. Sure as Shxt Sam Byrne's work is in process.

For those of you who wish to research CIP Sunrise Ridge and that successful development, just pick up the phone and ask the Sales Team, the real Sales team being Charlie and crew who have not been paid.

The courts should freeze the assets but I would imagine some others are doing this as we speak. Look at Porcupine Creek. $250,000,000 asset and Sam Byrne gets it for $35,000,000. Well done Sam, now all you need to do is convert this to shares in the club, wipe out all the small loans and claims to the people who built the club, wipe out the money owed to the Yellowstone Club World Members not paid back, wipe out Greg Lemond Debt, steal the Family Compound and throw the Blixseth Family off that land and then show your face at the next Christmas Dinner at Warren Miller lodge as the person who had a dream to be King of the Hill. Let’s face it Cross Harbor, Tim was King and now he is the person who made Forbes 400 only to be thrown off it quicker than he got on it.