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‘Shark Tank’ Investor Files Temporary Restraining Order Against Former Show Contestants
Daily Wire ^ | Jun 2, 2023 | By Amanda Harding

Posted on 06/02/2023 11:05:30 AM PDT by Red Badger

Edited on 06/02/2023 1:40:46 PM PDT by Jim Robinson. [history]

John is one of the longtime “sharks” on the hit reality competition show on ABC. On “Shark Tank,” small business owners compete to secure investments from entrepreneurs in an effort to take their companies to the next level.

Al “Bubba” Baker, his wife Sabrina, and daughter Brittani allege that John cut them out of profits and tried to seize control of the business, Bubba Q’s Boneless Baby Back Ribs, after they brokered a deal with the investor following an appearance on the show in 2013.


(Excerpt) Read more at dailywire.com ...


TOPICS: Business/Economy; Music/Entertainment; Society; TV/Movies
KEYWORDS: daymondjohn; sharktank
THEY AREN'T CALLED 'SHARKS' FOR NOTHING!...................
1 posted on 06/02/2023 11:05:30 AM PDT by Red Badger
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To: Red Badger

A deal is a deal.


2 posted on 06/02/2023 11:13:18 AM PDT by llevrok (Pronouns: Me/myself/& I)
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To: Red Badger

Not surprising at all. I’ve often wondered how long until the deals unravel and one side or the other sours.


3 posted on 06/02/2023 11:17:14 AM PDT by Bullish (Either we don't see it coming or they don't... But somebody's got it coming.)
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To: Red Badger

The Bakers’ are majority shareholders, and as such, they presumably run all daily operations of the company

So how does John “cut them out of their share of profits” or do business planning without them?

I’ve worked with a lot of small/family companies - they sometimes exhibit the dysfunction, biases and craziness of the family or its head.


4 posted on 06/02/2023 11:17:33 AM PDT by PGR88
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To: Red Badger

I would never do business with the sharks. For most of them it’s all about the revenue. For many small business owners, scaling up is not always the answer. It brings other problems like investors, logistics, personnel, distribution channels, etc.


5 posted on 06/02/2023 11:24:36 AM PDT by HonkyTonkMan ( )
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To: HonkyTonkMan

“I would never do business with the sharks. For most of them it’s all about the revenue. For many small business owners, scaling up is not always the answer. It brings other problems like investors, logistics, personnel, distribution channels, etc.”

They were facing bankruptcy with only $150k of revenues for the previous year. A week after the airing they had $400k of orders.

By 2017 revenue was several million per year.


6 posted on 06/02/2023 11:29:58 AM PDT by TexasGator
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To: Red Badger

Not unusual for people to negotiate a deal for what they want, then later when prosperity comes to feel cheated by their deal. I’ve seen it in real life.


7 posted on 06/02/2023 11:42:15 AM PDT by aMorePerfectUnion (Hi Fraud vitiates everything)
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To: Red Badger

[The family later said they received around 4 percent of the stated $16 million in revenue...]

What was the profit from that revenue after expenses? If profit is 6% and the Bakers are getting 4% (~2/3rds) then that is what they agreed to when they sold 35% ownership for 100K.


8 posted on 06/02/2023 12:02:33 PM PDT by Farmerbob
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To: Red Badger

Based on the evidence here, the family got greedy and tried to kill the golden goose.

Percent of revenue is meaningless.


9 posted on 06/02/2023 12:11:10 PM PDT by UnwashedPeasant (The pandemic we suffer from is not COVID. It is Marxist Democrat Leftism.)
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To: llevrok

As the late Tina Turner once said (as Aunty Entity): “Bust a deal, face the wheel.”


10 posted on 06/02/2023 12:14:45 PM PDT by Kriggerel ("All great truths are hard and bitter, but lies... are sweeter than wild honey" (Ragnar Redbeard))
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To: Red Badger

I love watching the show. It’s amazing what people can come up with. With that, if I did invent/ create something, I would say I’d want the widget made in the USA, not overseas.


11 posted on 06/02/2023 2:32:44 PM PDT by Deplorable American1776 (Guns don't kill people, LIBERALS DO!! Support the Second Amendment...)
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To: TexasGator

Exactly my point.


12 posted on 06/03/2023 9:07:03 AM PDT by HonkyTonkMan ( )
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To: HonkyTonkMan

“Exactly my point.”

Exactly opposite your point.


13 posted on 06/03/2023 9:09:02 AM PDT by TexasGator
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