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Merv's Son -- I'll Take Mismanagement for 1000

8/5/2009 2:34 PM PDT BY TMZ STAFF

Merv Griffin's son is pissed and he's gunning for the people who are running his dad's companies, claiming they're squandering his money.

Tony Griffin claims in legal documents filed with the L.A. County Superior Court, the people running Merv's companies -- including Merv Griffin Entertainment and The Griffin Group -- have squandered part of Merv's fortune by engaging in "speculative ventures with funds which belong to the Trust."

The docs claim the estimated value of the Merv's estate was in excess of $50 million, after estate taxes and other debts were paid (the estimated value before these obligations were paid was $136 million). There were reports Merv's fortune at death was more than a billion bucks!

Tony, who turns 50 this year, is entitled to $2 million a year minimum. If the businesses are ever liquidated, he gets 60% after obligations are paid out.

But here's what we are hearing from the inside. Merv Griffin Productions has actually done pretty well, selling programs to both network and cable. And we're told, the value of the estate has been affected by the economy. For example, Merv's 147-foot yacht is up for sale. Its estimated value was $28 million, but now it's going for $11 million and so far, no takers.

Merv's trust has houses -- including an 18th-century manor in Ireland -- and the value has gone down.

And we have to mention this ... A dude named Ron Ward got $500,000 from Merv "with the request, but not a condition, to take care of [Merv's] dogs." Interesting Tony didn't get the dogs.

45 COMMENTS

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16.

Al Baby    

Was Merv A pillow bitter?

1870 days ago
17.

HumanNature    

PUT THOSE EXECUTORS IN JAIL!!!!! THEY NEED A CELL NEXT TO MADOFF!!!!!! PEOPLE ARE SO GREEDY AND MONEY HUNGRY!!!!

1870 days ago
18.

brown    

Is it true that Merv and Ryan seacrest were an item at some point

1870 days ago
19.

Linda Mott    

Give the dogs to Harvey he loves dogs and he's a lawyer. I'm sure we will see some dog butts with glasses.

1870 days ago
20.

Scott    

I worked for Merv personally, and knew all parties well. Very sad to see that Tony is acting just as he did when Merv was alive and he was in the company. Paranoid, controlling, and irrational. Let Dad R.I.P. and go put your own stamp on life. Ron Ward is a great guy, and dedicated himself to TGG for decades. Very deserving of this and more, but not a lawsuit.

1870 days ago
21.

Mikey    

WHY WOULD MERV ASK RON WARD TO SHOOT HIS DOGS?! CRAZY!

1870 days ago
22.

First whores!    

I worked with Merv personally for many years and I have to say that he was a douche.

1870 days ago
23.

Susie04    

What happened to Stevie Wonder Boy and the rest of his thoroughbreds?

1870 days ago
24.

twogolfcats    

Is the guy who runs the bussiness related to Madoff of his buddies? What are their names? You cantell a lot by their names!!

1870 days ago
25.

Sandy Underpants    

Merv Griffin has a son!! If so I would think his name was Mr. Hankey not Tony, if you smell what I'm cookin.

1870 days ago
26.

Msminniem    

Sounds to me like someone's bitter. I'm sure if Merv had wanted it any differently he would've made it so. If you do your research "some dude" named Ron Ward is an important piece of Merv's Enterprise and was obviously someone Merv trusted more than his own son ! Eat your sour grapes and shut up Tony!

1870 days ago
27.

JV    

That "dude" Ron Ward was more of a son to Merv than Tony ever was!

1870 days ago
28.

iamcuriousyellow    

27. Merv Griffin has a son!! If so I would think his name was Mr. Hankey not Tony, if you smell what I'm cookin.

Posted at 5:34PM on Aug 5th 2009 by sandy underpants

__________________________

ROFLMAO!!!!!

1870 days ago
29.

Whatajoke    

Me thinks Ron got more from Merv than just the dogs.....like a favorite pillow?

1870 days ago
30.

Lance    

I too worked with Merv off and on for 30 years. Ronnie Ward WAS more of son to Merv than Tony. Tony is a selfish Brat. He was always coming to the office looking for money. He could never hold a job and he has no talent. Merv had even given him a job at his hotel and had to fire him because he picked a fight with a hotel customer!
Leave it alone Tony the companies are doing just fine without you and that is what your dad wanted!

1870 days ago
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