Candace Episode 185 Summary: Ian Carroll Unleashed 2 | Urban Air Gets Darker And Trump Turns On Israel

Release Date: May 14, 2025
Host: Candace Owens

1. Private Equity’s Impact on Traditional Retail

Candace Owens opens the episode by examining the detrimental effects of private equity on traditional retail, using Toys R Us as a primary example. She highlights how private equity firms like KKR and Bain Capital exacerbated the company’s financial woes:

"Before private equity bought them out, Toys R Us had $1.8 billion of debt. After private equity was done with them, they were loaded with more than $5 billion of debt by 2007, interest expenses consumed 97% of their profit."
(00:00)

Owens explains the broader pattern, noting that between 2015 and 2017, over 40% of the 43 large retailers and supermarket companies that filed for bankruptcy were owned by private equity firms. She criticizes the leveraged buyout model, describing it as “vulture capitalism” focused on looting and flipping rather than genuine investment or operational improvement.

2. The Urban Air and Leap of Faith Adventures Scandal

a. Founding and Partnership

The core of the episode delves into the contentious relationship between Urban Air Theme Parks (UATP) and Leap of Faith Adventures, founded by Garth Price. Owens outlines how Michael Browning Jr. of UATP leveraged private equity strategies to undermine Leap of Faith:

"Leap of Faith Adventures gave Urban Air all of their attractions, all of their new brand identity, everything that your kid thinks of as Urban Air Today... They were a company that installed these types of rides and attractions for these types of parks."
(05:42)

b. Profit-Sharing and Exploitation

Initially, a profit-sharing agreement was established where Leap of Faith would receive 70% of UATP’s net profits in exchange for installation and back-office services. However, Browning sought to alter this arrangement to favor Urban Air disproportionately:

"Browning was already seeking to alter Urban Air's 70-30 arrangement with Leap of Faith... Percentage was subject to change."
(Timeline around mid-transcript)

c. Legal Battles and Allegations

Owens details the escalating legal conflict, highlighting how Browning manipulated contractual agreements and diverted funds:

"Urban Air personnel began sending emails to franchises... directing payments to Urban Air’s accounts instead of Leap of Faith’s."
(Timestamp not specified)

Garth Price filed for injunctions and sanctions against Browning, alleging theft of intellectual property and unethical business practices. Despite Price's efforts, persistent legal maneuvers by Browning drained his resources, leading to bankruptcy and a $5 million settlement primarily absorbed by legal fees.

"These are simply allegations made against Urban Air by Leap of Faith Adventures before Urban Air was, let's just say, not a very successful company."
(Approximately 30:00)

d. Intellectual Property Theft

A significant allegation involves the unauthorized filing of patents by Browning on designs originally created by Leap of Faith’s partners, such as Rascal Face’s Sky Rider:

"I did not consent to that and would never have shared my invention to him had I known that he was going to file a patent application on it."
(Approximately 38:00)

3. Episcopal Church’s Stance on Resettling White Afrikaners

Owens shifts focus to the Episcopal Church's recent decision to terminate its partnership with the U.S. government for resettling white Afrikaners from South Africa, classified as refugees under President Trump's administration.

"The Episcopal Church has a long commitment to racial justice and reconciliation... 'We can't be ourselves in the Episcopal Church and take the step of resettling white Afrikaners from South Africa.'"
(38:28)

She critiques the selective approach to racial justice, emphasizing the need for broader humanitarian consideration:

"We’re about, racial justice, but only for certain races... advocate for not killing innocent people, please."
(39:22)

4. Trump’s Shifting Stance on Israel and Saudi Arabia

The episode culminates with an analysis of President Trump's evolving policies towards Israel and Saudi Arabia. Owens discusses Trump's expressed desire to end the war in Gaza and his burgeoning relationship with Saudi Arabia, highlighted by a $600 billion investment pledge.

a. Tensions with Israel

Trump’s Middle East envoy, Steve Witkoff, conveyed frustration over Israel prolonging the conflict in Gaza:

"We want to bring the hostages home, but Israel is not willing to end the war."
(Timestamp around 38:28)

b. Strengthening Ties with Saudi Arabia

During his visit to Riyadh, Trump praised Saudi Arabia's internal development efforts and criticized Western interventionist policies:

"Peace, prosperity and progress ultimately came not from a radical rejection of your heritage, but rather from embracing your national traditions..."
(48:21)

Owens notes the strategic shifts, suggesting that Trump’s policies may indicate waning support for traditional allies like Israel while bolstering ties with Saudi Arabia for economic gains.

"Trump is saying a lot of stuff that I think a lot of people did not expect him to say... the globalists are going down."
(49:53)

Conclusion

In this episode, Candace Owens provides a comprehensive critique of private equity's destructive influence on businesses, exemplified by the Urban Air and Leap of Faith Adventures saga. She also addresses timely social and political issues, including the Episcopal Church's selective racial justice stance and President Trump's redefined Middle East policies. Owens calls for a balanced approach to humanitarian efforts and warns against the unchecked power dynamics in corporate and political arenas.

Note: Advertisements, intros, outros, and non-content sections from the transcript have been excluded to focus solely on the episode’s substantive discussions.