http://www.empireofsoccer.com/nasl-a-defendant-in-bill-edwards-lawsuit-against-fort-lauderdale-strikers-55894/
NASL a Defendant in Bill Edwards’ Lawsuit Against Fort Lauderdale Strikers
By Jake Nutting on 11/26/2016
A few weeks ago, Bill Edwards was threatening legal action against the NASL for its relationship to Traffic Sports. Now the Tampa Bay Rowdies owner appears to have found a new target in the Fort Lauderdale Strikers, who he alleges failed to repay multiple loans totaling over $300,000.
The lawsuit came to light in an initial report from SaintPetersBlog, which revealed that the former NASL owner filed his complaint against Fort Lauderdale’s holding company Miami FC, LLC on November 17 in Pinellas County after first sending Strikers ownership a letter of demand for repayment on November 4.
Unmentioned in the report is the fact that court records for the case show the NASL is also listed as a defendant in the case against Fort Lauderdale’s ownership. Both Fort Lauderdale and the NASL were issued a summons in the case, although the complaint filed by Edwards’ attorneys does not ask for judgement against the league, only Fort Lauderdale.
The NASL is only mentioned in the complaint in relation to an allegation that Fort Lauderdale breached the original loan agreement with Edwards by also giving the league a secured interest in the team’s assets in late September. A financing statement showing the agreement between the NASL and Fort Lauderdale is included as an exhibit in Edwards’ filing.
. . .
Edwards is seeking damages and foreclosure on Fort Lauderdale’s assets in the lawsuit. A promissory note signed by Strikers Managing Director Luis Cuccattii, and that lists team owner Paulo Cesso as the Individual Guarantor, details the considerable collateral the team put up to secure the loans. Included in the list along with tangible assets are the team’s patents, copyrights, trademarks, rights to use of the name “FT Lauderdale Strikers” and any and all variations thereof.
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