Schuller,
84, who began his ministry in an Orange, Calif., drive-in theater more
than 50 years ago, was voted off the board of the Crystal Ministries,
which has been plagued by financial problems and familial discord,
according to the paper.
Schuller’s son, who was forced from the
board three years ago, says his father wanted to enlarge the board, a
move that did not sit well with others.
“It’s a very sad day and unfortunately, I know how that feels,” the younger Schuller said.
According to the paper, the church’s
financial travails, including a significant drop in donations and
dwindling membership, culminated in its filing for Chapter 11
bankruptcy. The church still owes about $7.5 million to unsecured
creditors, many of whom are vendors for the cathedral’s “Glory of Christmas” pageant. According to a reorganization plan filed
by the church last month, they have an offer from Irvine, Calif.,
developer, Greenlaw Partners LLC, to buy the core buildings for $46
million.
Read the rest of this story on Fox News or read Charisma News’ previous coverage of the Cyrstal Cathedral’s bankruptcy.
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