Steve Nash goes to court to have name removed from 21 Wholesale Jerseys B

Steve Nash goes to court to have name removed from 21 Wholesale Jerseys B

The Arizona company owned by Nash also names as defendants Nash business partners, Mark Mastrov, the owner of the NBA Sacramento Kings, and Leonard Schlemm, a Montreal businessman.

Nash, who played for the Phoenix Suns, Dallas Mavericks and the Los Angeles Lakers, was named the NBA Most Valuable Player in 2005 and 2006, the only Canadian to have been so honoured. In 2007, he was awarded the Order of Canada. He is also an eight time NBA all star, and serves as a player development consultant with the Golden State Warriors.

Nash fitness chain started with one location in downtown Vancouver in 2007. In 2009, Nash and his partners announced they had bought the Fitness World chain.

At the time of the purchase, it was estimated the combined number of Nash branded clubs and Fitness World facilities raked in about $50 million in revenue annually. Marketing experts called the expansion a strategic brand building move for Nash, who was nearing the end of his NBA career.

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The lawsuit came after Mastrov bought the Kings in May 2013, but was required by NBA bylaws to stop carrying on business with Nash, who was at the time a player with the Lakers. company connected to the clubs named FWG Acquisitions Ltd, and transferred all his shares to Schlemm, according to the suit. Within days, SNFW was incorporated and in September 2014 B L received notification that it was required to sell all its securities to SNFW, says the writ. B L did not sell its shares in FWG Acquisitions to SNFW, instead selling half of its shares to each of Schlemm and Mastrov, it says. under the name Nash Fitness World. L Holdings Inc. Ltd. for the use of the name Nash to promote these fitness facilities, it says. Steve Nash has not, since October 14, 2014, had any involvement with the operation of the fitness facilities. Ltd. He has not signed an affidavit certifying that he endorses the fitness facilities in any way. addition to the alleged breach of contract, the suit says the defendants Mastrov and Schlemm to the plaintiff that the plaintiff was required to sell its shares causing damage to the plaintiff. damages are being sought in addition to the injunction preventing the use of Nash name in connection with the clubs. There are a total of 19 Steve Nash locations in the Lower Mainland, one in Kelowna and one in Victoria.

Nash connection to the clubs dates to November 2006 when his company entered into an agreement with a firm named Vancouver Bay Clubs Ltd., which owned two fitness facilities known as Steve Nash Fitness Clubs. Schlemm and Mastrov wholesale rams jerseys had, before taking shares in Vancouver Bay Clubs Ltd., developed and sold a chain of cheap cardinals jerseys fitness facilities known as 24 Hour Fitness.

No response has yet been filed to the lawsuit, which contains allegations that have not been tested in court. The defendants could not be reached for comment.

It not the first time the chain of sports clubs has been embroiled in controversy. In recent years it was found that a career drug trafficker had struck a deal to run cafes in several of the Nash branded gyms. Frederic Wilson, whose history in the drug trade dates back more than two decades, opened Better Body Cafes inside Steve Nash Fitness World locations in both Surrey and Langley. epaper, Digital Access, Subscriber Rewards), please input your Print Newspaper subscription phone number and postal code.

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By | 2017-12-20T02:16:52+00:00 November 27th, 2012|Uncategorized|0 Comments

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