Ushering in a new era for the Yellowstone Mountain Club, Sam Byrne's Boston-based Crossharbor Capital has won control of Big Sky, Montana's Yellowstone Club with a bid of $115 million. Judge Ralph Kirscher ok'd the bid, which includes Sam Byrne's commitment to inject up to $75 million into the Club, with $19 million dedicated to pay unsecured creditors, most of whom are regional business owners. The Yellowstone Club is a private 13,600 acre ski and golf community in Big Sky, MT. … (0 comments)
cross harbor: Big Sky, Montana: Short-Term Financing at Yellowstone Club Through Spring 2009
- 12/02/08 07:56 AM
From Moonlight Basin Ski Area to the private Yellowstone Club Resort, most of the Big Sky, Montana ski resorts concerns have been fixed for the winter and it's snowing here in southwest Montana. The skis are sharp, the bodies are willing, and 2-4 inches of snow are forecast for this evening; Big Sky's skiing and snowboarding season is here. Even the Yellowstone Club is back in business, which means work through the winter for its many employees. Because of a Loan by Boston's CrossHarbor Capital of $20 Million, the Yellowstone Club in Big Sky, Montana will survive winter 2008-2009. Bankruptcy Judge for the District of Montana, Ralph B. Kirscher, Esquire, approved short-term … (0 comments)
cross harbor: Geometric Strategy at The Yellowstone Club, Big Sky, Montana
- 11/26/08 09:55 AM
Two financial entities are battling for control of Big Sky, Montana's Yellowstone Club, which boasts memberships by some of the world's wealthiest... Both Credit Suisse and CrossHarbor Capital with financial help offered by some Club members, are battling for control of Edra Blixseth's bankrupt Big Sky, Montana Yellowstone Mountain Club: Credit Suisse, failing in its attempt to setup a seven-figure loan plan, argues that because it's owed over $300M by the Club it should maintain control and is trying to block a financing deal from Boston-based CrossHarbor Capital, which has offered $20 million to maintain the club through the winter skiing and snowboarding season. Some Club members, … (0 comments)
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