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Greg LeMond Reaches Settlement Over Yellowstone Club
Filed under: Real Estate Developments
The lawsuit between bicycle racing champ Greg LeMond and the battling Blixseths has finally been reached. As I mentioned back in March, the Tour de France winner, his parents-in-law David and Sacia Morris, and Jorge Jasson, a family friend claimed Tim Blixseth tried to buy their shares at the Yellowstone Club for a total of $13 million, which they say was a fraction of their value. The parties had previously reached a $38 million settlement in the case. Blixseth paid the first installment on the suit but missed a payment in January. Now the suit has been settled for a $39.5 million settlement. The news comes after Tim Blixseth and Edra Blixseth, who are working their way through a divorce that started off pleasant but has become contentious, have resolved the questions over ownership of the exclusive Yellowstone Club.Edra Blixseth is now the club's majority owner and chief executive, and will be footing LeMond's bill. Her spokesman Bill Keegan says she has ambitious plans for the Montana getaway which caters to the wealthy. Bill Gates and Dan Quayle are members and Greg LeMond has said he will keep his residence at the club.
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