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Dodgers’ Ohtani and agent accused of sabotaging $240 million real estate deal
Straight Arrow News
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3 months ago
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00:00
Baseball superstar Shohei Otani is in the midst of trying to lead the Dodgers to a repeat World Series title.
00:06
But off the field, he and his agent are being accused of sabotaging a real estate deal in Hawaii,
00:13
according to a lawsuit filed Friday in Hawaii's Circuit Court.
00:19
Investor Kevin Hayes and real estate broker Tomoko Matsumoto claim that Otani and agent Nez Bilello
00:26
launched an unlawful scheme to interfere with their plans to build a $240 million luxury residential development
00:34
within the Mauna Kea Resort on Hawaii's Big Island.
00:38
Otani reached an endorsement deal with developers in 2023.
00:42
In promotional materials for the project, some of which have been taken offline,
00:47
Otani is billed as the first resident and has reportedly committed to buying one of the 14 homes available,
00:53
with a price tag starting at $17 million.
00:56
The complaint says Otani's agent Bilello inserted himself into every aspect of the relationship
01:02
and quickly became a disruptive force, increasingly demanding concessions from Hayes and Matsumoto
01:10
before forcing their business partner, Kingsbarn Realty Capital,
01:14
to drop them from the deal they spent 11 years putting together.
01:18
Bilello and Otani, who were brought into the venture solely for Otani's promotional and branding value,
01:24
exploited their celebrity leverage to destabilize and ultimately dismantle plaintiff's role in the project
01:30
for no reason other than their own financial self-interest, the lawsuit claims.
01:35
Otani is in the second year of a 10-year, $700 million contract with the Dodgers, a record when he signed it.
01:42
He is having another stellar season, hitting .284 with 43 home runs and recently returned to the pitching mound
01:49
after undergoing Tommy John surgery in 2023.
01:53
The defending World Series champions are in first place in the National League West.
01:57
Otani is no stranger to off-the-field controversy.
02:01
His former interpreter, Ipe Mitsuhara, was sentenced in February to nearly five years in federal prison
02:07
for stealing nearly $17 million from the baseball superstar to cover gambling losses.
02:12
Neither Otani, his agent or the Dodgers have commented on the lawsuit, according to reports.
02:18
In a statement emailed to the Associated Press on Tuesday, King's Barn Realty called the allegations
02:23
completely frivolous and without merit, and said they take full responsibility
02:28
for removing Hayes and Matsumoto from the project.
02:32
For Straight Arrow News, I'm Chris Francis.
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