 The locally based buyers held 73% of the team, while Del Biaggio and a minority partner acquired about 27% of the club.In June 2008, Del Biaggio ran into legal trouble over a multitude of unpaid loans, culminating in his filing for Chapter 11 bankruptcy.Furthermore, it was alleged that Del Biaggio acquired the loans he used to buy his stake in the team through fraudulent means, prompting an FBI investigation and criminal charges.