Mobile UPI  |   About UPI  |   UPI en Español  |   UPI Arabic  |   UPIU  |   My Account
Search:
Go

Sports News

Real estate developer suing Pat Riley

|
|
 
  
Pat Riley (UPI Photo/ David Silpa) 
Published: June 10, 2010 at 2:32 PM

FORY MYERS, Fla., June 10 (UPI) -- A Florida real estate developer is suing the president of the Miami Heat, claiming he never saw promised profits from a 1998 development deal.

Randy Hill claims in his lawsuit against Pat Riley that he helped facilitate the legendary basketball coach's purchase of 700 acres in Fort Myers for $12.5 million that has since yielded more than $50 million in sales, with the area now covered in housing developments and big box stores, The Miami Herald reported Thursday.

Hill claims a handshake deal between him and Riley promised him a sizable cut from sales of the property, but Riley said that deal never occurred and the agreement was Hill would be paid only for land he sold in bundles once Riley obtained it -- a function Riley said Hill never filled.

Hill is seeking the $5.5 million he claims he is owed. A trial date has been set for Aug. 28.

Topics: Pat Riley
© 2010 United Press International, Inc. All Rights Reserved. Any reproduction, republication, redistribution and/or modification of any UPI content is expressly prohibited without UPI's prior written consent.

Order reprints
  
Join the conversation
Most Popular Collections
Super Bowl XLVI ticker tape victory parade N.Y. Giants win Super Bowl XLVI Cheerleaders of 2012
Additional Sports News Stories
1 of 21
President Obama Signs Smuggling Prevention Act at White House
View Caption
fark
If we timewarped back by 2000 years, what job would you most qualified to do? No, you can't bring...
BAD: getting caught in a landslide while hiking. WORSE: getting struck by lightning while trying...
Weepy eyes, hot chix, Jersey Shore Ronnie and a guy with mini fishing reels stuck in his beard....
French roadbuilders find 21 German WWI soldiers...and 1 goat
Photoshop this crazy old coot in the cold
Anonymous ends the week by bringing down the CIA webpage. *golf clap*