But Lindell said it is not actually as bad as it looks.
Mike Lindell said his financial picture is actually improving after a credit crunch last year disrupted cash flow at MyPillow | Jose Luis Magana/APST. PAUL, Minnesota — A court ordered the eviction Wednesday of MyPillow from a suburban Minneapolis warehouse that it formerly used, but company founder and prominent election denier Mike Lindell said that it’s just a formality because the landlord wants to take the property back.
Lindell denied in an interview with The Associated Press that the eviction was another sign of his money woes. He said his financial picture is actually improving after a credit crunch last year disrupted cash flow at MyPillow after the company lost one of its major advertising platforms and was dropped by several national retailers.
Lindell confirmed Wednesday that MyPillow owes around $217,000 to Delaware-based First Industrial LP for rent for the facility in Shakopee. He said MyPillow no longer needed the space and removed its remaining property from the warehouse last June before subleasing the space to another company through December.
Another company was going to start subleasing the space in January but backed out and “left us all stranded,” he said. MyPillow offered to find another tenant, he said, but the landlord just wanted to take back control of the warehouse instead. The $217,000 is for unpaid rent for January and February, he said. He also said MyPillow continues to lease space elsewhere.
The Star Tribune reported that a Scott County judge held a hearing Tuesday on the warehouse owner’s request to formally evict MyPillow, which did not contest the landlord’s request.
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