SBD/14/Franchises

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  • ANGELOS, MARYLAND GOVERNOR HAVE GEORGIA ON THEIR MIND

         Orioles owner Peter Angelos told the WASHINGTON POST
    yesterday that he and MD Governor William Schaefer will meet with
    Rams owner Georgia Frontiere and other Rams officials this Sunday
    to discuss the possibilities of moving the team to Baltimore.  A
    spokesperson for Schaefer said that while the governor's schedule
    does not presently include a meeting with Rams officials, the
    schedule has some "built-in free time" that could be filled by a
    visit with Rams officials.  A source close to the negotiations
    said that the Rams' interest in moving has "warmed up
    considerably," with Baltimore moving to the "forefront"
    (Christine Brennan & Richard Tapscott, WASHINGTON POST, 9/14).
    

    Print | Tags: Baltimore Orioles, Franchises, St. Louis Rams
  • TIMBERWOLVES SALE MAY NOT BE ON TARGET JUST YET

         The Timberwolves' deal -- "so long in the making, seemingly
    completed five weeks ago -- is not done yet."   The Wolves' lease
    at the Target Center remains a major "stumbling block."  Wolves
    buyer Glen Taylor said his reps. were meeting with officials from
    the Target Center and the Metropolitan Sports Facilities
    Commission in an effort to resolve key issues in negotiations for
    the Wolves' new 30-year arena lease.  Taylor said the arena lease
    must be completed within 10 days to satisfy the NBA's Board of
    Governors, which is set to vote on his purchase of the Wolves on
    October 4.  Taylor made optimistic comments about resolving the
    lease problem only 12 hours after he told members of The Dunkers,
    a Twin Cities breakfast group: "If we don't get a lease with the
    commission, we will not buy the team."  The sale of the Wolves
    goes hand-in-hand with the sale of Target Center to the sports
    facilities commission; both the team and arena still are owned by
    Marv Wolfenson and Harvey Ratner.  The commission will buy the
    Target Center for $42M, using bonds issued by the Metropolitan
    Council and backed by the city of Minneapolis (Weiner & Hartman,
    Minneapolis STAR TRIBUNE, 9/14).
    

    Print | Tags: Franchises, Minnesota Timberwolves, NBA, Washington Nationals
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