Former Big Baller Brand co-founder and partner Alan Foster is countersuing the Ball family.
Foster filed a lawsuit against LaVar Ball for allegedly embezzling over $2.5 million and exploiting his own children for personal gain. CBS Sports reports that Foster claims Ball used the money from Big Baller Brand and Ball Sports Group to pay for “his own extravagant lifestyle.”
“In early 2016, in furtherance of LaVar’s intense desire to share in, or rise above, the glory and spotlight of his sons, LaVar approached Alan and asked for his business guidance on how to monopolize and gain fortune and fame from the names and likenesses of his three sons,” the legal documents state. “In response, Alan suggested that the two men brand the ‘Ball’ family name in order to create a basketball and entertainment-related businesses. LaVar loved Alan’s idea and wanted to make sure that he was the biggest star in the family, notwithstanding the fact that he was broke, had no savings, poor credit, and zero business acumen.” Foster also alleges that Ball is a “liar who fraudulently utilized BBB and BSG to fund his personal lifestyle.”
Foster’s lawsuit is a reaction to the lawsuit Lonzo Ball filed against him, demanding damages that are allegedly worth $2 million-plus interest. According to ESPN’s Ramona Shelburne, Lonzo said that Foster “conspired to embezzle millions of dollars and then divert those funds for his personal use, including to acquire assets in Ethiopia.” Meanwhile, Foster also claims to have loaned the Ball family $130,000 to cover Lonzo’s living expenses during his one-year stay at UCLA.
But now, Ball is firing back, claiming Foster’s allegations are all lies. “Alan Foster’s claims are not only unfounded and devoid of any truth but are an egregious attempt to turn the attention away from the millions of dollars that he embezzled from the Ball Family and the Ball Family Business,” Ball said. “Not only will LaVar Ball and his family continue to vigorously pursue their civil action against Foster seeking civil damages, but will also continue to cooperate with law enforcement in order to seek justice for his egregious actions.”
”The Ball family are all united in relentlessly pursuing Foster for his grave injustices, and will always fight to protect the respected Ball family name, despite Foster’s futile attempt to defile it.”
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