Ownership Dispute Brings Changes at Crocker Club
DOWNTOWN LOS ANGELES — A dispute between ownership partners at the Crocker Club went public yesterday, by way of a notice posted on the venue's Spring street door by "current and sole owner of The Crocker Club Inc Thomas Turner."
Turner and Vincent Terzian, the bar's public face since its January 2009 opening, unsurprisingly tell different stories when it comes to the status of the Historic Core establishment, which occupies a vault in the basement of the former Crocker Citizens National Bank building at 5th and Spring.
Terzian says that the two are equal owners involved in a dispute over how the club should be run.
"This is very unfortunate that my 'Silent Investor' business partner Is not decent or respectful enough to keep our personal business affairs confidential until the attorneys are able to resolve our matters of dispute," said Terzian in an emailed statement. "Both attorneys are in the process of figuring out who and which side of the ownership -- The investor owning 50% and I Vincent owning the other 50% -- is willing to buy the other side out."
Turner, who is operating the club as of Wednesday evening, disagrees. While he declined to go into detail on ownership specifics given the possibility of litigation, he emphasized his desire to see the venue move forward. "I have no ill feelings toward Vince," Turner said. "I'm just trying to take it over and make sure that it runs in a happy, profitable, great manner."
In the short term, that means changing the venue's strict dress code. "It's lightened, come on down," Turner said.
"I want to make sure the neighborhood has a nice, fun, safe place to go," he said. "I would love to have feedback from everyone in the neighborhood."