Trust inside the Chicago Sky organization is eroding fast. What began as a private ownership dispute has now spilled into public view, with city officials openly questioning how the franchise is being run.

That scrutiny intensified in early February, when Bedford Park leaders publicly criticized Sky owner Michael Alter over rising costs and communication failures tied to the team’s new practice facility. Those concerns arrived just days after a minority investor sued Alter for alleged self-dealing, widening what multiple sources now describe as a growing crisis of confidence around the franchise’s leadership.

On January 29, 2026, minority owner Steven Rogers filed a lawsuit accusing Alter of breaching his fiduciary duties through financial decisions that allegedly diluted minority stakes. While Rogers is the only named plaintiff, the lawsuit centers on actions that impact multiple minority investors, not just a single stakeholder.

Alter has denied the allegations, calling the lawsuit meritless. Still, the timing has amplified scrutiny from other investors who are now watching closely as a separate, public dispute unfolds with local government officials.

Because of that overlap, the ownership structure is no longer an internal matter. It has become part of a broader credibility test for the franchise.

While the lawsuit plays out in court, Bedford Park officials are dealing with their own frustrations. At a February meeting, trustee Terry Stocks did not hide his anger. “It’s a damn shame that we have to get down to this thing and the disagreements,” Stocks said. “It just puts a dividing line between the Village and the Sky management.”

Village President David Brady echoed that concern, criticizing how information was handled during the design phase. “The design review process was not good,” Brady said.

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The frustration stems from escalating costs tied to the Sky’s new practice facility. The guaranteed maximum price was initially set at $43.2 million, with Bedford Park covering $32 million. That figure later rose to approximately $45.7 million.

The Sky proposed splitting the added costs, with the Village covering 44 percent and the franchise 56 percent. However, trustees grew alarmed after reviewing contract language suggesting the Village could be required to repay the Sky’s $14–15 million contribution on top of existing incentives.

Money is not the only issue. Brady also pointed to a lack of clarity between the parties involved. “Concord and ALPA have never given us direct lines on what are Sky costs and what are Village costs,” he said.

According to multiple sources, confusion has been fueled by inconsistent messaging from the Sky organization, with different stakeholders receiving different explanations about project responsibilities.

That pattern has only intensified concerns about organizational discipline at the ownership level.

Approval Moves Forward, Questions Remain

Despite the turmoil, Bedford Park approved the project’s guaranteed maximum price on January 26, clearing the path for financing to proceed. However, the approval did not erase doubts. The Sky’s share of the project has already climbed from roughly 18 percent to about 27 percent, while the Village will ultimately own the building. Under the current structure, the franchise is set to receive tax-free, utility-free, and maintenance-free benefits, even as questions persist over who is responsible for long-term costs.

For city officials, the issue is no longer just about dollars. It is about trust.

The overlap between an active investor lawsuit and a public funding dispute is what makes this moment critical.

Ownership credibility is being tested on two fronts at once. One unfolds in court. The other plays out in city hall. Together, they have exposed fractures that were previously handled behind closed doors.

Similar disputes across professional sports have shown how quickly public-private partnerships can deteriorate when transparency breaks down. Once that happens, every future negotiation becomes harder.

The lawsuit against Alter is scheduled to proceed in Cook County, while Bedford Park officials continue reviewing project documents tied to the facility. Both tracks now move forward under heightened scrutiny.

Whether the Sky can stabilize relationships with investors and city officials will shape far more than a single building project. It will determine how much confidence remains in the franchise’s leadership at a moment when that confidence is already wearing thin.