Tuesday, October 06, 2009

Complaint filed against Goetz

If you are into court proceedings (and who isn’t these days after all the action with the America’s Cup), Eric Goetz has found himself as the defendant in a complaint filed against him in the United States District Court, District Of Rhode Island.

If you remember, it was Eric Goetz Custom Sailboats (EGCS) - a prominent custom builder responsible for the 2008-9 Volvo Ocean Race entrant PUMA - that was petitioned into Receivership in January 2009. Under a new company titled Goetz Custom Technologies (GCT), Eric bought the business back from the state in March 2009, with promises of a better and brighter future.

However, based on information gathered from the complaint filed October 5, 2009, the future looks to be a financial mess. The complaint was filed by Aegir Racing (AR), who had contracted in August 2008 with EGCS to build an 82-foot Rogers-design sailing yacht for more than six million dollars. The contract was then transferred to Goetz’s new company, but after a summer of turmoil where AR payments to GCT have apparently left contributing vendors unpaid, AR is now alleging that GCT does not appear to have the financial resources necessary to complete the Rogers 82.

A request for comment from Eric Goetz has not yet been answered, so until a statement is made by his company, ‘buttheads can read through the events between GCT and AR as documented in the court complaint: http://www.sailingscuttlebutt.com/news/09/1006/

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