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baseball players that the partnership drafted and signed in late
1997 and early 1998 for the Devil Rays’ 1998 major league
baseball season.
During 1995 and 1996, the partnership received funds from
customers as deposits on advance season tickets (representing 25
percent of the total stated season ticket price), as deposits on
reservations for private suites, and one sponsor fee in
anticipation of major league baseball games to be played by the
Devil Rays in St. Petersburg, Florida, during the 1998 major
league baseball season.
On the application form for the advance 1998 season tickets,
it was indicated that the customers’ deposits were
“nonrefundable”. However, in spite of the reference to
nonrefundability on the application forms for advance season
tickets, if the partnership did not fulfill the conditions
specified in the March 1995 major league baseball resolution and
agreement, if the partnership and the Devil Rays were not
eventually and finally approved to participate in major league
baseball, and if the Devil Rays failed to play major league
baseball games in 1998, the partnership would have been required
to refund the deposits received from customers in 1995 and 1996
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Last modified: May 25, 2011