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STAVRO FILES COUNTER CLAIM IN MAPLE LEAF GARDENS SAGA
Published November 15, 1994
Steve Stavro has filed a counter-claim against a group of charities that is suing him for his takeover of Maple Leaf Gardens, Ltd. The charities, represented by Ontario's Public Trustee, said Stavro did not pay enough for the 60% block of shares from the estate of former MLG Owner Harold Ballard. That purchase enabled Stavro to acquire 91% of MLG. The charities' court action has prevented Stavro from making the company private, and Stavro claims the delay has caused "losses and incurred expenses it would have otherwise have avoided" (Paul Waldie, FINANCIAL POST, 11/15).
