Owner of exclusive club goes bankrupt

The Associate PressMarch 28, 2009 

— The owner of the exclusive Yellowstone Club has filed for personal bankruptcy four months after seeking bankruptcy court protection for the club.

Former billionaire Edra Blixseth took over the millionaires-only club in the mountains of southwest Montana in August, as part of her divorce from Tim Blixseth. She now says she is personally in debt for at least $500 million, according to documents.

The club counts Bill Gates, former Vice President Dan Quayle and Los Angeles Dodgers owner Frank McCourt among its more than 300 members. Once valued at more than $1 billion, it is to be auctioned at an opening bid of $100 million.

It was the destination of three families killed Sunday when their private plane crashed near Butte, Mont.

News & Observer is pleased to provide this opportunity to share information, experiences and observations about what's in the news. Some of the comments may be reprinted elsewhere in the site or in the newspaper. We encourage lively, open debate on the issues of the day, and ask that you refrain from profanity, hate speech, personal comments and remarks that are off point. Thank you for taking the time to offer your thoughts.

Commenting FAQs | Terms of Service