Adam Stewart Goes to Court over Sandals Ownership!
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- Опубликовано: 21 авг 2024
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It was no surprise that Adam Stewart took over Sandals after his father, founder, Gordon “Butch” Stewart passed away. But now his chunk of control in the iconic Sandals Group may be at stake.
There’s a battle over last minute wishes made by Butch Stewart to his common law spouse Cheryl Hammersmith- Stewart.
Sandals is a huge part of Jamaica’s and the Caribbean’s economy, so this issue could have rippling effects.
➡️Read a transcript of this video here:
🗣️Let’s get this money!💰
Writing up a memorandum taking ownership of a man's life's work and getting him to sign it while he's illucid on his deathbed sounds like a dastardly level of greed
Were you present when this alledgedly happened?
is that what u got from this?
Prima facie to the bone @@topbanga2533
There must be a reason he didn't marry her. Adam was always his right hand
Plus nowhere you have ever heard about any form of disagreement with Adam and Butch. This is a part of our history. We have to help protect it. Can you imagine if she mess up the Sandals group???? All the caribbean will face a negative effect. Let us protect Jamaica's legacy!!!
If they lived in the USA full time they are not married. If they lived in Jamaica most of the time then they are married.
The US GOVERNMENT would deny the living STATUS but because it involves LOTS of money for AMERICA..they will be favorable towards the BENIFITS...JUST business..😮@eileenwatt8283
@@mariatia2000😂😂😂😂😂😂
WOW! Money brings out the ugly in families!
and Land
Possession s
Adam should get it. He's been by his Dad side
Money is that elephant in the room that tears family apart. What a shame.
No lies detected
I have been following this story since it came out because mi fast lol. It seems like the "wife" knowing that she wasn't legally married to Mr. Stewart concocted a scheme to secure more assists for her and her young children. I don't believe for a second that a man as smart as Gordon Stewart would leave a memo regarding the division of such large assets, without getting lawyers involved. That doesn't even makes sense. How would you validate such memo without having a witness, a power of attorney, a notary or anybody that can back up your claims. The wife/girlfriend is clearly playing checkers, not chess. But maybe she have more tricks up her sleeve.
if they succeed they are going to destroy his legacy
This is the correct story💯
@@TheDellenorindeed
If Jamaican family can prove Butch signed without sound mind then American family have no case.
FOLKS THIS A LESSON FOR EVERYONE. IF YOU HAVE PROPERTY OR NOT IN JAMAICA OR OVERSEAS, PUT ALL YOUR ASSETS IN THE TRUST, PREFERABLY AN IRREVOCABLE TRUST. HOWEVER, IF YOU ARE IN JAMAICA USE A DECLARATION OF TRUST, ITS JUST AS POWERFUL IN JAMAICA. THE TRUST MUST HAVE 2 WITNESSES, AND NOTARIZED OR ASK THE JP TO STAMP IT. THEN PLACE A COPY ON THE TITLE. IF YOU PASS AWAY, THE TITLER OFFICE WILL NOT ACCEPT IT. THE TRUST AVOID PROBATE. IF YOU HAVE PROPERTY, YOU CAN TRANSFER IT TO THE CHILDREN, ASK THE ATTORNEY HOW TO SET IT UP. PROTECT YOUR ASSETS AND YOUR CHILDREN.
Thank for this
🙏🙏
You mean to tell me with all his money, butch couldnt afford a lawyer to tell him all this???
No one on their Death bed possible SEDATED would be in the Frame of mind to be UNCLOUDED to review and revise important DOCUMENTS..
I will always say it - If David, Jacob, etc couldn’t do it
I highly doubt plenty men now will have children by multiple women and all goes well
The scripture is so powerful and gives “case studies” its a shame that men are ignorant of the word of God
So profound...and true!
Butch still teaching us entrepreneurs!
Kalilah always gives detailed, informative business news.
If Butch did not make any alterations to the way he structured his trusts, it means he wanted it like that. She wants to undo his rightful wishes, he probably told her what she wanted to hear in his deathbed, but its clear he had no intention of keeping his "promise" to her. She would lose this case if I was the judge. You cant just make alterations to a persons' will because it suits your agenda.
True! And what kind a ooman dat, fi si di man a ded and a badda him bout material things??😳. Before shi run go look fi a betta doctor...and a (righteous) preacher fi come si if dem can help him fi live a little bit longer, she a harass di man bout old bruk! If a did me, me no sign nutten!
Real life Royal Palm Estates. This Cheryl lady not easy at all plus she wanted to make the beef public which is a cardinal sin in UPT circles. No sah.
The Jamaican family will
Win, they have been running for so long. The wife should just get collect money from the business and leave the older kids to run it.
True man .. common law wife....you old rest your body lady
She’s want married to Butch.
Oh boy. I knew of a family with this same problem. When the father died, the children were torn apart over who should have what. It has happened so many times and I think we should learn from these situations. When people have assets, make sure you have an iron clad will in place because fights may come from very unlikely sources.
Place your heir's name on the Title, they can do as wish after you die?
This battle of family wealth is similar to Pritzker family of the US a couple years ago. In 2002, Liesel Pritzker launched a $6 billion lawsuit against her father and 11 older cousins, accusing them of looting her trust funds and those of her brother Matthew. The battle eventually led to the carving up of the family fortune; it was split 11 ways, resulting in 10 more Pritzkers joining the Forbes 400.
Always sad to see families embroiled in disputes over inheritances.
I agree. Very sad. It brings out the inner ugliness of people.
Exactly 💯 especially family members that didn't invest a penny in the foundation 🙄
What ever dem going through hope it is settled amicably and the poor hotel workers dem likkle wuck not impacted negatively. Di pay cheap but it sure and it a help nuffa wi
This has really struck a nerve and is very alarming. Sandals and their companies are very important to the Jamaican economy and a lot of other Caribbean countries. This is truly cause for concern. I hope that Adam and his like minded siblings win the matter for the sake of economic stability. This would make a big mess otherwise and open room for too many nonJa companies to enter the tourism market
Do you know how many Investors would be lining up to purchase Sandals and their other companies? So they wouldn’t be shuttered. Too late now to be worried about Foreign Investors in Jamaica.
@@jamboy301Boy o boy this babymother is trouble...all for money and no respect for the empire that the man has built. Imagine she's fighting for it then can't run it. So you are absolutely correct investors lining up rn just in case. Oh lord help Adam win this.
Let adam do him thing. Its a Jamaican company, lady go aside, take what you have , let the company run .your kids wont suffer.. u going get money and u have money already.. ..now u make this a Jamaica and Caribbean thing ..stop with the bull s and let it be ....
Thank you for making this quick and easily clear to us!
I read the judgement published on the Bahamian Supreme Court's website. It is truly a complex set of arrangements. This case will end up at the Privy Counsel. Unless they can come to a reasonable resolution without destroying the various entities.
Can you expand? Why is the long term girlfriend angry? Have they not given her any money? Do her children not have access to the wealth? If you have shares and money coming in, what is the problem? Does she think there is more money available? Does she want the power?
The drama and learning about Trust, business contract and going concern all at once is just fascinating
Great Report Kalilah ! 🇧🇸
Yes, Trusts are the way to go avoid wills which require probate costly and time-consuming.
Adam all the way, I have seen Adam and his elder siblings work. Adam is such an hard worker, I will ight for Adam!
Rich or poor, families are going to fight ova dead lef
Say it again! RICH and POOR! lol.
The key words in a will being of sound mind and body
BELOVED THE ALTERING OF HIS MEMORANDUM CHANGING THE TRUST THE DAY BEFORE HE DIED, SHOULD BE RULED INVALID.
I hope & pray that this issue gets resolved peacefully & have the family members live in good relationship with one another. When a person is on their deathbed, they’re not in a proper mindset to make intelligent decisions.
Rich people problems ….
Was just about to type the same thing 🤣
This is not simply rich ppl problems. This is about property law in particular probate and succession law. As such this effects even the "small" man as it could affect the interpritation and application of law. This will be an important case not only in J'ca but much of the English speaking Caribbean because our laws are very similar. So even I a "small man" in Barbados who practices law am paying attention.
And it will affect many Jamaicans soon..It’s a Jamaica problem too.
I guess some folks rather to stay ignorant
@@makaidiy5716. I’m dealing with it now with my family
All this for money that we are all going to die leaving 😢😢😢
Can't say I didn't see this coming.
Adam is the successor and should have the final say in how Sandals Estate is operated. Adam is closer the his dad Gordon Butch Stewart than any other family member. Sandals is a great resort run by Adam. There has to be synergy and not conflict between the US Family and the Jamaica Family.😎🤔
I think Couples pioneered the all-inclusive model in Jamaica, not Sandals, so I'd describe him as one of the early entrants who dramatically expanded the concept using a modified Club Med model.
Now, hopefully the squabblers won't destroy the business because often it's the only one doing major advertising of Jamaica and the rest of the Caribbean where it's located.
The Issa's, Tower Isle/Couples and Hedonism resorts Jamaican-ised the CLUB-MED all-inclusive concept and certainly were around many years BEFORE Butch Stewart set up the first Sandals on the beach in MoBay. It was near enough to the airport that whenever jets landed or took off you could hear the noises in the hotel. Because of this some people expected SANDALS to flop. The Sandals staff turned it into a 'thing' where everyone would wave when jets were taking off etc. Not sure if rooms were also sound- proofed, but in fairly short order, SANDALS became the leading all-inclusive resorts in Jamaica and the Caribbean. And 'everybody' loved the mini leather SANDALS keyring things they gave the guests, although COUPLES 'lions-mating-logo' t-shirts at the time, were wickedly cool too!!
@@WayneBowen II loved Swept Away in Negril. ISSA dat.
What a mad trust Butch Stewart setup!! Why the US family got so much....40%? Why the other Jamaican pickney dem no combined dem trust fe mek 60% and just tek controlling ownership?
The so called wife is slick that’s why she is saying it should be five trusts with hers and her kids being 42% and thus being the biggest shareholder. Everyone knows that Adam was groomed to continue the leadership of the company, and he has done an amazing job. This woman thinks she is entitled to all the money and power. No wonder Butch didn’t marry her.
Remember that it is 4 ppl splitting 42%. Adam have to work with his Jamaican siblings to maintain majority voting.
@@miamonroe3246 Sounds very diluted!! Adam better mek sure he is on good terms with his Jamaican siblings!! Jamaicans a foreign see tings different than Jamaicans a yard!! Trust me, I've been thru it!!Still alive , though
@@WhoAmI-zd6li me a hear seh the brother Bobby side with the US family already. Ole jankcrow...him did jealous of Adam
@@miamonroe3246 No, Mia!! Me feel you passion, but no mek your frustrations call dem jankcrow....when it comes down to it, a just money!! I thought it was more in my situation, but I've learnt to get over it!!!We Jah people can mek it work!!Come together, and mek it work!!Learnt to free my thoughts of what that money coulda done for me!!
The green monster of greed. No one can take anything to the grave. Does she even know anything about running a hotel in the Caribbean?
For the sake of the employees, I pray that the Jamaican families prevail.
Adam is going to win. That Memo wont hold any weight....
typical Jamaican man regardless of race or class
Typical craven American woman.
Same way...
I bet u this happens world wide
hahahahaha. Ahhh bwoy. Women have it bad bad bad.
Where were the Jamaican children when Butch was on his deathbed? He probably looked around and got upset not seeing them by his bedside
Oh please, Mr. Butch was in his right mind.
@@bundilee That’s why he knew they were not around. Thus the last minute change
Running the company,, they know the company more than the other kids...
@@nadiakidd4735 It’s not about running the company
Whatever the outcome, Sandals MUST/SHOULD remained a JAMAICAN company! By the way, is this "wife" a REAL Jamaican, or she is an American?
This is between the family it has nothing to do with average Jamaican
She is American with no ties to Jamaica.
Mi rahtid..festiveness..smh."dead lef bring cyass cyass" the common law. Wife is NEFERIOUS..
On season 01 of "Family Matters"....
It’s highly unlikely that the court would rule for the change as butch would not be inna concentrated mind when he signed the papers. The British are very strong on being conscious and of full mind when decision is made. Good luck!
Ppl talking bout power & greed, but if our dad was butch stewart, we would want our birthright just as any other child! And as his common law wife, she is entitled to his estate. Adam is business savy yes, but he isnt special or better than any of his siblings!
She is a greedy heiffer. Its not like she not getting anything. Butch made sure she wouñd would be taken care of but she just cant satisfy.
He was groomed for hisrule. Please note it is not only Adam she is after the other older children's assests aa well. Bottom line she wants more than what she got.
lets get this money, this is why people loose themselves over things we will all die and leave behind.
Still rich ppl problems. And karma
Care not descendants of colonialism.Can’t bear them,this man was a buccaneer and a money launderer
Rich people problems
I don't really know Adam Stewart personally but we have all watched him grow in leadership at Sandals. For anyone to imply Butch wanted otherwise the day before he died? Come on. Blatantly wrong. I hope the judge deals with her accordingly. I feel bad because this brings unnecessary animosity between the two sets of kids. Ideally Adam should tae over and the other young kids should be groomed for leadership alongside Adam and Jamie's kids. It's really unfortunate what greed can do.
The keys goes to Adam!
It's very sad
Love the modest dressing way to go
As you dead you hard work goes dead too because of greed
Please do follow ups as soon as you get them.
The filthy lucre will doom us all
I saw Adam myself at KIA the other day and he was soooo warm .. whatever the issue is I choose Adam .. don’t Cheryl kno that blood is thicker than water and in laws have no say .. Adam is dead for heaven sake .. take wat u get and go find a new life
If it turns out that the US family are to get most of the shares, there shouldn't be any problem in Adam retaining his position as CEO. Or, their board of directors may consider a referendum for who should take the top job.
😮😢rich life has consequences..there is no friend or family in buisness
My girlfriend father died and left a beautiful home in St Thomas for her. He had a woman living at the house with him and she is telling my girlfriend how much million dollars she must pay her to move. She gave her the money from 2022 and the woman still living in the house. That is why crime will never done😊
Was this handled by a lawyer?
so where is your girlfrien lawyer? Unuh sound like goat that people tie out. Why would I pay a woman to leave my house? Unuh nuh have land title for the property?
@@jamsng excuse me no need to be rude.
@@vivienne1359 hahahahahaha. The man sey you sound like goat tie out ah road. hahahahahahaha
Will we get a discount?
The children should be more vigilant making the Will more updated and transparent kitchen towel turn table cloth
@kalilahreynoldsmedia I like you but this isn't one of your best works, it sounds like e-news more than business journalism. There is so much you could have incorporated, was it initially a revocable trust or was it a irrevocable trusts, structure of sandals and the rest of the ATL group, butch had ownership in media outlets, multiple private villas, is island routes apart of the deal. Explain what is a trust, who is a trustee, how was the original trust set up, some back ground information on the trustee.. felt like you read the gleaner article and not much more work was done
💯💯💯💯💯💯✨
thanks for the feedback
Rich peoples problems
This is literally sucession irl
How ridiculous!
KARMA I REMEMBER THE THEY USED AIR JAMAICA TO CARRY THEY GUESTS TO THERE HOTEL. AND GAVE AIR JAMAICA NOTHING
They resurrected the ill fated airline. Bought it from the Govt. It was an extremely wise move on Butches part. Butch affected the exchange rate as well. He had the airline plus the Hotels. Smart move.
Cmon Butch…No will?!Sandal is doing so well but greed is the play..
It happens it's all about power and greed.
Ef shi win all Jamaicans should boycott Sandals. She just waan money
Need some help with the NHT spread some light on the misappropriation of funds
All the time it never Rich Jamaican Caucasian will always go to the United States and pick up a Caucasian over there and leave their Jamaican family at risk it happened before in the geddy's family
Do you think so ??? It also happened in the early years as well. Jamaicans would marry the Brittish.
Messy!
What a wicked wife. SMH I hope Adam wins in court
Wicked how? Isn’t all the children have equal DNA of their father?
My friend you don’t the half of it, Adam is a lode of shit.
Big up to daddy Stewart and Daddy Stones foundation of all Sandals.
Not real wife
@@jamboy301she never said children. She is a wicked common law wife indeed. Do you know how many people jobs are at stake.
i do undestand it all but, creating a trustee having it drafted and signed a day prior before the signee death, which he was lucid in and out, something about that dont smell right, and why wait so long to start the dispute.
As he should. And he should get back everything..
Cheryl own the advertising agency in Miami that did all the advertising for the then Butch Stewart owned Air Jamaica. Then they became romantic?
The point is that the CEO began making hostile decisions that affected the US family; a CEO can easily freeze out a beneficiary by cunning moves such as arranging humongous loans paid to the CEO's favourites and then telling the US family "sorry, there's no money right now to pay your dividends because the Company has too many loans" By the way, we sold the family private plane but you and your kids won't receive a penny! By the way, unless you drop your lawsuit, you won't get a penny of the $100M left to you. By the way, if you agree to drop the lawsuit, I still have the power to squeeze you out.
The assets were divided. Please remember its not only Sandals at stake, Jamaica Observer, Margaritaville, ATL etc. The 3rd not real wife just want more. This is pure greed.
I thought they were legally married. If women will only have a core belief , stand for something or fall fore everything, men will not just lead you to the dessert.
Cheryl never work in the business that Butch and Adam build, Adam is a hard worker highly respected, Cheryl is greedy and dishonest she is a criminal, she wasn't a wife, she go by Butch sick bed the day before Butch died for him to sign a will that she, Cheryl make, her interest is for money, not for Butch to be alive. Adam press on I which you luck which you honestly deserve.
You reap what we sow!
Shows you can't carry your money to your grave with you, however you can leave some behind to pay for your estate
Sadly this is the beginning of the downfall.
Don’t forget that the American family also got US$100,000.000.00 and his son Bobby was added, as he was previously removed from the will
who is Bobby? Are the kids in the US his step kids or biological kids?
@@jamsng He is listed as a son in Jamaica
@@jamsngbiological younger kids
As to be USA.
Hey whats the update
So she wasn't married to Butch but she using 'Stewart'🤔
Women and love of money.
Greed, one of the seven.
A day before death!!!
EXACTLY! Sounds fishie to me. And this "Mrs. Stewart" thing???😳. If dem never married, how this?😳. Or maybe Butch was a white 🇯🇲Rasta...who no believe in bobylon wedding. Just get a ooman and called her his Empress 😅
Cheryl sounds like a Karen
Who is the eldest🤔?
Her actions could even seriously affect Jamaica cause the business generate a lot of foreign currency for the island
Cheryl needs to stay in her lane. Sandals is Adam’s and his siblings. Butch did not marry her for a reason. No one wonders why. She’s the equivalent of a side ting. Stewps 😒
No you need to stay In your lane,where you sleeping the same bed with butch as she was
What a wicked woman.
Money is root of evil ….
Not really interested
More money more problems
Butch pionered Sandals but not the all inclusive it was Abe issa pionereed it
Greeed Greed Greed!
Who give a shit.
Well the people who have jobs at stake and the shareholders.