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CAPITALAND UNITED SOCCER CLUB, INC. v. CAPITAL DIST. SPORTS & ENTM'T, INC.

199 A.D.2d 626 (1993)

604 N.Y.S.2d 998

Capitaland United Soccer Club, Inc., Plaintiff, and George Keleshian et al., Respondents, v. Capital District Sports & Entertainment, Inc., et al., Respondents, and American Indoor Soccer Association, Inc., Doing Business as National Professional Soccer League, et al., Appellants

Appellate Division of the Supreme Court of the State of New York, Third Department.

December 9, 1993

Mahoney, J.

In 1990, plaintiff Capitaland United Soccer Club, Inc. (hereinafter CUSC) secured a franchise from defendant American Indoor Soccer Association, Inc. (hereinafter AISA) whereby its professional indoor soccer team, the New York Kick, could participate in the AISA league. Under the franchise agreement, CUSC, like all franchisees, received 20 shares of AISA stock and, in addition to paying a franchise fee, was required to post a $100,000 irrevocable...

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