On August 9, 2010, foreclosure proceedings were filed against Freestyle Music Park. Mortgage holder FPI US LLC seeks over $25 million from park owner FPI MB Entertainment LLC. Loan documents identified the general manager of FPI US LLC as Alexey (Alexei in most documents) Sidnev; Sidnev was a former partner in Moscow-based MT Development, an investor in Freestyle Park that had planned a similar park in Europe. Court filings showed FPI US LLC is a division of MT Development. On August 20, FPI MB Entertainment responded to the foreclosure action, admitting the amount of debt is correct and that it cannot pay. Four out of five creditors responding to the foreclosure claimed FPI US and FPI MB were the same company and that FPI US should not have first claim to park assets. FPI MB attorney Nate Fata denied this. In an August 24, 2010, interview, Baker said the park's entire board had resigned, except for one member appointed by Russian investors who would work to sell the park. Baker, who continued to head Baker Leisure Group, believed the park could succeed under new owners.