The Range in South Austin is involved in an ugly legal dispute.
…
Shaw is going to court today to try to block a foreclosure sale of the 52,000-square-foot business and property along Interstate 35 in South Austin.
In a nearly 400-page court filing, he maps out the alleged “scheme” perpetrated by his former colleagues, which involves derailing an effort to refinance a longstanding debt while positioning a third-party to swoop in, foreclose and take over.
“Those are all untrue statements and desperate attempts to avoid foreclosure,” said Thomas Sansone, owner of the limited partnership TASAN, which had millions in equity in the company and Range Collection LLC, the company now tasked with collecting his debt. Sansone and both companies are named in the lawsuit.
Sansone, who is also Shaw’s former father-in-law, says the company owes him about $10 million from years of investments, capital calls and bailouts. He was described by another former investor as a “lifeline” for Shaw and the business. Sansone said he took on the bank loan when it came due years ago but hasn’t been repaid.
Fact I did not know, but find interesting:
I go to The Range from time to time. I’ve never shot there, and in terms of new guns, there’s very little there for me. But I do like the Collectors Firearms inside The Range.
In other news…
Much of this story is hysterical, ignorant, or both. But this jumped out at me:
“Flagged”?
Sounds to me like credit card companies are reporting online purchases of firearms accessories to law enforcement. Might be something to keep in mind. Perhaps make your purchases in cash at gun shows, if you can.
I also wonder if this is just a New York thing. For some reason, I have it my head that credit card companies aren’t allowed to do this in Texas, but don’t ask me for a citation to the specific law or regulation.