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ask-redweek-manhattan-club-bluegreen (by Dennis D.):

Exactly. The pirates who formerly owned Manhattan Club were taking large chunks of the annual fee for themselves. The reason we can't sell our shares is that exorbitant annual fee. Bluegreen will not be able to sell them either with the fees that high. They would need a reduction of about 50% to start to move things along. I don't think they will want to do that, since they have shown some greediness so far such as selling cheaper liquor (Smirnoffs) at the bar while keeping the same high prices. I like going there to and like the people that work there. We have known some for 18 years now. I hate the feeling of being fleeced by management.