Who artwork thine house owners? The Texas Renaissance Festival has to pay $22 million in damages in dispute over buy | EUROtoday

King George’s reign has come to an finish. In Texas. At a Renaissance Festival.

A Grimes County choose dominated this week that the Texas Renaissance Festival — the biggest within the nation when it comes to attendance numbers — should be offered after its proprietor, George Coulam — recognized to his employees and guests as King George — backed out of a sale.

In addition to promoting the pageant, Coulam should pay $22 million in damages to plaintiffs RW Lands, Inc., Texas Stargate, Inc., and Royal Campground, Inc, Houston Public Media studies. He reportedly initially agreed to promote the pageant property, an adjoining property, and the pageant’s belongings to the group for $60 million in 2013.

The events agreed to an August 8, 2023 deadline, however discovered the day earlier than that Coulam was apparently making ready to again out of the deal, in keeping with the lawsuit. Coulam reportedly ignored the deadline and the sale.

“Indeed, the Aug. 8, 2023 closing date came and went without the defendants complying with their closing obligations,” the lawsuit says.

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The plaintiffs sued him for breach of contract, arguing that an preliminary fee they’d made required Coulam to uphold his finish of the settlement.

Coulam was the topic of a 2024 Max docuseries titled “Ren Faire” that adopted the 86-year-old Coulam’s seek for love on relationship apps whereas additionally toying with underlings vying to take over the pageant at his retirement.

Even although King George will abdicate his throne, his kingdom will stay on — slightly below new possession. According to the Texas Renaissance Festival’s representatives, the occasion will proceed for its 2025 season “and beyond.”

“The commitment will remain unchanged: to deliver a safe, vibrant, and memorable experience for the hundreds of thousands of guests who visit each year. Festival operations are moving forward as planned for the 2025 season and beyond,” a put up on its social media stated.

The pageant simply celebrated its fiftieth season on the finish of 2024, drawing greater than half 1,000,000 guests throughout its Golden Birthday.