San Antonio sports card collector files $200,000 lawsuit against memorabilia company

SAN ANTONIO – A San Antonio sports card collector is seeking more than $200,000 in a lawsuit against a memorabilia company alleging his items, including rare sports cards and Rolex watches, were not returned after being put up for sale.

Jorge Olazabal filed the lawsuit in July against Rashad Aldridge, the owner of Legends Only Sports Cards and Collectibles, a store at 1604 West Loop near Highway 151.

Olazabal claims Aldridge failed to return about 600 sports cards and four Rolex watches after agreeing to sell them on consignment.

Olazabal said he reached out to Aldridge earlier this year looking for Victor Wembanyama memorabilia after the San Antonio Spurs selected the star player in the 2023 NBA Draft.

The two then struck a deal in which Aldridge agreed to take Olazabal’s inventory, which included the sports cards and watches, and sell it on his behalf at a card show in Dallas in March.

According to the lawsuit, Aldridge returned from the card show claiming that none of the items had been sold. However, Olazabal said his property was never returned and he received no payment.

“He agreed to sign my legal document stating that it was the chain of command and custody that he would take over my inventory, which was about 600 cards in two different cases that were locked up and were tracked,” Olazabal said.

After months of no contact and no return of his items, Olazabal filed a lawsuit. He also reported the incident to the Bexar County Sheriff’s Office, which has launched an investigation into the matter.

“I think that’s when I realized he either didn’t have the cards or had spent the money on expanding his personal business,” Olazabal said.

KSAT 12 News reached out to Aldridge, who emailed the following statement late Thursday afternoon.

As a business owner who has served the San Antonio collecting community with pride and integrity and commitment since our founding, I take very seriously the recent legal matter involving one of my valued clients. I fully understand the gravity of the situation and want to assure our community that I am working closely with my legal counsel to address the issues raised in the lawsuit. Our primary goal is to resolve this matter in a fair and amicable manner while preserving the trust and reputation we have built over the years. I remain committed to maintaining the highest standards of customer service and professionalism, and I am confident that through open dialogue and legal advice we can reach a solution that reflects our company’s values ​​and the needs of our customers. We thank the San Antonio collecting community for their continued support and patience as we work through this matter. I am committed to ensuring that my company’s reputation remains strong and that we continue to serve our customers with the same level of dedication that is the foundation of our success.

Olazabal hopes his experience will serve as a warning to other collectors.

“I just want to raise awareness in the community and make sure that if there are other victims out there, they are not alone. This was a significant investment on our part and risks we took. But unfortunately, I hope it doesn’t happen to others,” Olazabal said.

The Bexar County Sheriff’s Office investigation remains an active, open case.