Goalie Entertainment Holdings’ sale to an investor group led by John Walsh officially closes today, AVN.com has learned.
Sources at the company confirmed today that Walsh takes over the company effective at 5 p.m. Mountain Standard Time today. Walsh’s group took over the company for an undisclosed amount from Goalie founder and owner Eddie Wedelstedt, who had pled guilty to obscenity violations. He also had been charged with tax evasion.
Wedelstedt could not be reached for comment.
Terms of the deal were not disclosed.
In March, Wedelstedt was sentenced to 13 months in Englewood Federal Prison Camp in Englewood, Col. after he pleaded guilty to one count of obscenity in November. He was also ordered to pay $325,000 in restitution to the Internal Revenue Service.
In November, Wedelstedt pled guilty to charges of interstate transportation of obscene material and to tax evasion as part of a 23-count indictment involving obscene material. Under the deal, the other 21 charges were dismissed.
Most of the counts involved interstate transportation of obscene material for the purpose of sale or distribution, engaging in the business of selling or transferring obscene matter, the aiding and abetting of the transportation, the sale and distribution of obscene material.
Goalie Entertainment is made up of 68 adult video and novelty stores offering a variety of sexually explicit magazines and videos, as well as the latest in adult toys, multi-channel video arcades, and private preview rooms.
The company has stores in California, Colorado, Connecticut, Illinois, Indiana, Iowa, Kentucky, Michigan, Nebraska, Nevada, North Dakota, South Dakota, Tennessee, Texas and Wyoming.
