Yellowstone Club Members Revolt Over Bankruptcy

Members of the Yellowstone Club http://www.theyellowstoneclub.com/ for the ultrarich are opposing another loan to the financially-troubled Montana resort and demanding to know what happened to $463 million in club dues and past loans.

The revolt against the exclusive club’s management – by a group claiming to represent more than 100 of its 340 members – comes amid proceedings in the club’s bankruptcy case.

New court documents show its debts total at least $399 million, or $56 million more than previously estimated. It has assets of $599 million.

By Matthew Brown, Associated Press

Full Story: http://www.flatheadbeacon.com/articles/article/yellowstone_club_members_revolt_over_bankruptcy/6656/