1. The Village of Schaumburg is Missing Documents and Payment Records. The Village of Schaumburg could not produce the annual audits for the 1999 or 2000 baseball seasons and could not provide any payment records from the Schaumburg Professional Baseball Corporation (the Flyers) for those years.
2. The Village of Schaumburg has failed to collect rent and fees due. From 2001-2009 the Village of Schaumburg did not collect rent as specified under the contract. Per the audits the Village of Schaumburg was due $2,865,096 but only collected $1,703,035.
3. The Village of Schaumburg has failed to charge appropriate delinquency interest. Per the contract, the Flyers faced a 12% APR charge for all delinquencies. Interest, however, was only calculated through the annual audit dates and not the full term of the delinquency.
4. The Schaumburg Flyers failed to pay the contracted rent or fees in full or on time for any contract year from 2001-2009. Due on November 1st each year, some payments came as much as 26 months late, and the Flyers never paid their full contracted rent or fees and delinquency interest in any audited year.
5. The Schaumburg Flyers failed to pay its’ obligations under the 2005 settlement agreement. In 2005, after a period of chronic delinquency, the Flyers reached a settlement with the Village of Schaumburg. Under the agreement, the team would pay $481,989 to relieve old debts to the Village. As part of this settlement, the team relinquished rights to any revenue for the stadium naming rights. The naming revenue is valued at approximately $240,000. There are no records of any cash payments made towards this agreement.
6. The 2005 settlement included a non-disparagement agreement. Each party agreed “that it shall use its best efforts not to at any time communicate, either orally or in writing, any negative,adverse or derogatory information, facts, opinions or beliefs concerning each other party including, without limitation, regarding such other party’s management, to any person or entity.” This prevented the Village from communicating essential information to the public.
7. Both the Village of Schaumburg and the Schaumburg Park District each negotiated a free skybox for their own use as part of a 2005 settlement. Currently, a full season skybox is valued at $18,000 according to the Flyers website. It is not known how this skybox has been used, or if revenues due have accrued from it.
8. The Village of Schaumburg continued a contract with a questionable business partner. The Village of Schaumburg could have terminated the contract with the team—due to the flyers repeated delinquencies. Instead, the Village continued the contract with a corporation habitually not living up to contracted terms and had excessive unpaid fees.
9. The Village of Schaumburg Failed to lawfully comply with Freedom of Information Act (FOIA) requests. The Village of Schaumburg has not responded to a request for all written communication records between the Village and the Schaumburg Professional Baseball Corporation since 2007. A request was made on June 27th, 2010. By law, the Village had 5 business days to respond. The village filed for an extension for 5 additional days but the extension expired on July 12, 2010 and the Village has not provided the requested information to date.
10. Another pending 2010 $580K settlement between the Flyers organization and the Village for unpaid bills is far less than the value of the contract. The sale, however, of the Schaumburg Professional Baseball Corporation is a private deal and the status is unknown. This may be the only opportunity to collect outstanding debts.
11. The Schaumburg Flyers owe almost $1.2 million in total current delinquencies.The Village of Schaumburg is owed $893,260 in uncollected fees and $297,443 in delinquency interest fees through August 1st, 2010. Total owed is $1,190,703.
12. The Schaumburg Flyers also failed to pay vendors and their employees on a timely basis. Numerous newspaper reports document the Flyers troubles in paying vendors and employees, who have filed lawsuits against the club.
13. During times of chronic delinquency the Schaumburg Flyers made campaign contributions to Mayor Larson. According the the State Board of Elections Schaumburg Professional Baseball made 10 contributions to the Larson campaign from 2000-2008, totalling $3,290, despite being seriously delinquent in payments to the taxpayers.

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