The World’s Largest Honky-Tonk Could End up on the Auction Block
It's big news on the country music scene when it is possible that Billy Bob’s Texas could end up on the auction block over a legal battle. The Fort Worth venue has been a staple of the Stockyards area, and known to bring in top acts for many years!..
The venue opened about 35 years ago. Since then, it has hosted music most nights of the week.
According to the Star-Telegram, the whole ordeal involves a fight over control of the venue. Two groups of investors — majority owners and minority owners — have differing plans for the venue which has undergone a $175 million redevelopment!
Most of these owners are longtime friends and family. Now they are fighting, even in the same families, about how it should be run.
Some want to fire the manager Concho Minick. A judge blocked that move earlier this year. Some want to appoint a receiver to clear up the operational differences, etc. If they can’t come to an agreement, some of the investors are ready to put the club up for auction!
If the venue went to auction, any qualified individual has a shot at purchasing it, and if that happens...who knows what they would do with it?
For now, the venue operates as usual, continuing to bring in top bands and artist, as well as introducing thousands to the biggest honky-tonk not only in Texas, but in the World!