SBD/12/Franchises

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  • BUCS TRUSTEE TELLS PROSPECTIVE BUYERS: BUCS ARE NOT FOR SALE

         Steve Story, trustee of the late Hugh Culverhouse's estate,
    announced that no offers will be solicited and no offers will be
    accepted for the Buccaneers, according to a report in this
    morning's TAMPA TRIBUNE.  Story said that decision came after he
    met with Joy Culverhouse on Friday:  "The Bucs are not on the
    block.  This stance is not just for this season, but for the
    foreseeable future as well."  Bucs coach Sam Wyche said that he
    and the players were "relieved" by the decision: "I told the team
    -- there was applause all around."  The TAMPA TRIBUNE's Tom
    McEwen writes that the announcement "put to rest" concerns that
    the Bucs would be "sold and shipped to Baltimore or St. Louis or
    Sacramento or Orlando" (Tom McEwen, TAMPA TRIBUNE, 9/12).
    

    Print | Tags: Franchises, Tampa Bay Buccaneers
  • FOUR POTENTIAL BUYERS OF THE A'S CLEARED FOR NEGOTIATIONS

         Oakland Mayor Elihu Harris said four potential buyers of the
    Athletics "have been cleared by Major League Baseball and
    American League officials as able to pay" the $85M asking price.
    None of the four potential buyers are from the Bay Area, but all
    are committed to keeping the team in Oakland.  Harris said the
    process of reviewing the books would take from 30 to 60 days.
    "After that the most viable buyer would emerge."  However, Harris
    noted that there is a "second tier of buyers," which included
    local groups that had joined together as syndicates as potential
    buyers.  The team's owners, the Haas family, put the team up for
    sale in April '94.  A's CEO Walter Haas set a price of $85M for
    anyone who would keep the team in Oakland.  Some experts say the
    team would be worth $120M in the open market.  If no buyer who
    would keep the team Oakland is found by December 1, the Haas
    family said it plans to seek other offers (Gregory Lewis, SAN
    FRANCISCO EXAMINER, 9/10).
    

    Print | Tags: Franchises, Oakland Athletics
  • MINOR LEAGUE TEAM TRIES TO RAID A TOP NHL HOLDOUT

         Capitals holdout Kevin Hatcher is "threatening" to play the
    '94-95 season for the IHL's Detroit Vipers.  Detroit TV reports
    say the Vipers have offered Hatcher a contract that would pay him
    in excess of $1M a year plus incentive bonuses.  Hatcher began
    practicing with the Vipers squad on 9/9, but a deal has yet to be
    signed.  But a source close to the Vipers ownership called the
    salary reports "ridiculous": "I can't see us paying NHL-type
    money" (Dave Fay, WASHINGTON TIMES, 9/11).  Hatcher:  "I don't
    know if I want to jump the gun right now and sign a contract
    tomorrow or anything.  But I think it's in the back of my head."
    Another source close to the Vipers stressed, the contract would
    include an out-clause so Hatcher could immediately join the Caps
    if he were to re-sign with them (Len Hochberg, WASHINGTON POST,
    9/11).
    

    Print | Tags: Franchises, NHL, Palace Sports & Entertainment, Washington Capitals
  • STATUS OF PADRES DEAL UNCLEAR

         In Baltimore, Tom Keegan reports that former Orioles
    president Larry Lucchino, organizing a group to purchase the San
    Diego Padres, is close to closing the deal.  Lucchino will not
    have to invest any money, but in return for brokering the deal,
    he will become the Padres president and be granted a small equity
    in the team (Baltimore SUN, 9/11). Sources in San Diego dispute
    the report saying that no movement is expected by the three
    potential buyers as long as the strike continues (DAILY sources,
    9/11).
    

    Print | Tags: Baltimore Orioles, Franchises, San Diego Padres
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