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Antilles with the assistance of Florida counsel, Thomas Allen
(Allen) of Maguire, Voorhis & Wells, and Netherlands Antilles
attorneys, L.A. Haley and Y.L. Cuales of Corporate Agents, N.V.
(CANV). Inverspan was created to own the land and building used
for the Florida castle. The shareholders of Inverspan were:
Chavez and Climent, 11.1 percent each; Kahne, J. Montaner, and
P. Montaner, 13.08 percent each; Santandreu and Segui,
12.62 percent each; and Valiente, 13.32 percent. (Family members
such as husbands and wives who both held shares are included
under the family name.)
Medieval Times, N.V. (MTNV), was incorporated in the
Netherlands Antilles on December 21, 1982, with the assistance of
Allen and CANV. MTNV was formed to operate the Florida castle.
The MTNV shares were held by the same individuals and in the same
proportions as the Inverspan stock. Inverspan paid the costs of
constructing the Florida castle with a $2.65 million loan from a
bank. The MTNV-Inverspan shareholders pledged $1.4 million
collateral for the loan.
Before the name “Medieval Times” was selected, the name
“El Cid” and “A Dinner Theater in a Castle” were considered. The
movie “El Cid” had been released in 1961 and contained scenes
that depicted a medieval castle with towers, period costumes,
jousting, sword fighting, and knights, all of which became
elements of the Medieval Times show. The Spanish investors
considered hiring Charlton Heston, the star of “El Cid”, to open
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