Michigan Coach, Others Sued Over Va. Condo Deal

By: Associated PressMichigan football coach Rich Rodriguez says he won't let a suit against him over a failed Virginia condo project affect preparations for Saturday's season opener. | NBC4i.com
Published: September 01, 2009

» Comments | Post a Comment

ANN ARBOR, Mich. -- Michigan football coach Rich Rodriguez says he won't let a suit against him over a failed Virginia condo project affect preparations for Saturday's season opener.

The suit was filed in August in U.S. District Court in South Carolina against him and several others.

It says they owe a bank $3.9 million for defaulting on a loan to build condos near Virginia Tech's Lane Stadium.

Rodriguez said in a conference call Tuesday the case won't hinder preparations to host Western Michigan.

Rodriguez adviser Mike Wilcox said in a statement that Rodriguez was a victim of a Ponzi scheme affecting "several other coaches and prominent individuals." He says the transaction was initiated in 2004, when Rodriguez coached at West Virginia.