‘Shark Tank’ Nightmare, Daymond John Seeks Restraining Order Against Former Contestants
Deals made in the Shark Tank don’t always work out for all parties involved. In fact, a portion of the time, the deals don’t even make it to paper.
And even when they do, they can still fail spectacularly. Just take a look at Bubba’s Q Boneless Baby Back Ribs truck. Al “Bubba” Baker came on the show, boasting his famous de-boned baby back rib steak. He actually owned a patent for the de-boning process, which played a big part in landing a deal with Daymond John.
According to the Los Angeles Times, Baker claims he was offered $300,000 for 30 percent of the company, but he says John went on to revise the terms of the investment to $100,000 for 35 percent of the company.
He also allegedly wanted to take the company into business with Rastelli Foods Group. The Bakers further alleged that they have only seen around 4 percent of the $16 million in revenue and claimed Al specifically had been intentionally excluded from meetings and decisions once John came aboard.
So basically, they feel like John failed them, and the entire Baker family (including his wife and daughter) have been bad mouthing John on their social media accounts.
This has led John to file for a temporary restraining order against the family. A spokesperson for John denied the claims made by the family and tried to explain why his client was taking such an extreme measure against them.
It is unfortunate that it has come to this. This temporary restraining order is due to the Bakers’ blatant actions to undermine a business partnership and the legal parameters they agreed to four years ago. Their belief that they can unwind poor business decisions through slanderous social media posts and articles will no longer be tolerated.
It’s worth noting that Rastelli Foods Group has also filed for a temporary restraining order against the family.
Sounds like everyone has de-boned beef with the Bakers.