per an investigation by the Los Angeles Times. The family appeared on Season 5 of “Shark Tank.” John has since moved to file for a temporary restraining order to stop the the family from publicly sharing details about the matter.
Rastelli Foods Group, a meat manufacturer that produces the meat the restaurant uses for its ribs, Rastelli is also seeking a restraining order against the Bakers, saying the family made “false” and “defamatory” statements about the company.In the L.A.
Time’s investigation, the family called their experience after “Shark Tank” a “nightmare” and questioned their business arrangement with John and Rastelli Foods Group.While on the show, John agreed to put up a $300,000 investment for 30% of Bubba Q’s, but the family says off-air John mended the agreement to a $100,000 investment for 35% ownership.
They also claim John disregarded their complaints about a former “Shark Tank” contestant John tapped to build Bubba Q’s website, and claim John wouldn’t fill him in on the financial details of the business, saying they only received 4% of Bubba Q’s revenue of $16 million.
Read more on thewrap.com
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