Disney appears to strip DeSantis' Reedy Creek board of power

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Disney appears to strip DeSantis' Reedy Creek board of power
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Florida Gov. Ron DeSantis' chosen board to oversee a Disney government could be facing a legal battle, as reports say Disney stripped it of power. MORE ⬇️

In an ongoing battle between Florida's governor and the media and entertainment giant Disney, reports Wednesday point to a potential high-profile legal confrontation ahead after the governor's chosen board said Disney stripped it of its power.

Now in focus is a 30-year development agreement which has reportedly taken away the power of that new board. Just as the takeover was set to take place, the Walt Disney Co. used a pact and a set of tight covenants which essentially took away any ability for future board members to make changes for decades to come, according to a presentation from lawyers on Wednesday.

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