ELYRIA — There were no takers for Brad Friedel’s former soccer academy in Lorain at a sheriff’s sale Wednesday for the foreclosed property.
The starting bid on the sprawling complex was a little more than $4.8 million, far shy of the approximately $9.5 million that Friedel owes to creditors for the $10 million facility that opened to much fanfare in 2008.
Lorain County Sheriff’s Lt. William Davis said he was disappointed the 30-acre property didn’t sell because that means the sheriff’s Civil Office will likely have to go through the time and expense to put it up for sale again.
“We’d have liked to have it done and out of the way,” Davis said.
The total appraised value of the property, including the fixtures, furnishings, computers and other items inside the buildings had been appraised for a little more than $7.2 million.
Lorain County Magistrate Ghada Halasa said that the process for the sheriff’s sale will begin again — but only if Friedel’s creditors ask for it to. In the meantime, she said, the property remains in Friedel’s name.
Thomas St. Marie, the Elyria attorney serving as the receiver on the property, has said previously that Friedel and his creditors had been trying to reach a solution that would prevent the sale. St. Marie did not return a call Wednesday.
After the soccer academy closed in 2008, the facility was operated by Rival Sports LLC, which held sporting events there, including kickball and soccer leagues. But St. Marie said that business relationship wasn’t enough to continue paying the utilities and other costs associated with keeping the facility open.
Friedel, a former Bay High School soccer standout now playing goalie for the Aston Villa football club in the United Kingdom, has struggled financially and sought bankruptcy protection in the U.K. earlier this year.
Contact Brad Dicken at 329-7147 or firstname.lastname@example.org.