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COULD LABOR STRIFE LEAVE PHOENIX HIGH AND EVEN DRIER?
In Tampa, Bill Chastain writes, while MLB's players and owners consider "various rudiments of the strike," Phoenix is faced with the "prospect of withdrawing from the expansion race in the even of a prolonged labor stoppage." Phoenix and Tampa/St. Pete have been considered the frontrunners for any baseball expansion. Chastain notes that Suns owner Jerry Colangelo's contract with Maricopa County provides up to $153M in public financing for a $275M stadium to house baseball in downtown Phoenix. But the agreement and the 1/4-cent sales tax to support it contain "sunset" clauses that cancel everything if no franchise is awarded by April 1. Colangelo is convinced the strike will end in plenty of time for owners, "who promised him a franchise behind closed doors, to follow through with their promise." Colangelo told the ARIZONA REPUBLIC last week: "My information is they will meet the timetable we have. Our deal goes away April 1. Baseball is aware of that. That's not pressure. That's reality" (TAMPA TRIBUNE, 9/18). TAMPA WATCH: In Tampa, Edwin Roberts thinks Orlando will get the nod over Tampa/St. Pete: "That city has more than enough tourist-tax money to build an open-air stadium (the kind preferred by club owners), and one very rich man has offered to buy a team" (TAMPA TRIBUNE, 9/18).
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DC-AREA ATTORNEY LOOKING TO OAKLAND FOR A TEAM
Washington attorney Bart Fisher, who is trying to acquire a MLB team for DC or the Northern VA area, said he has been given permission to look at the financial records of the A's, who are for sale. A's owner Walter Haas Jr. has set a sale price at $85M for any buyers who would keep the team in Oakland. Oakland Coliseum officials have been given until December to locate a local purchaser, "after-which out-of-town investors may be considered." Fisher and his partners have expressed interest in several teams, and last year offered $150M for the Padres. Fisher's group has also applied for expansion. In Washington, Mark Maske notes it is unlikely the owners would permit another AL team to move so close to the Orioles. In other news, Fisher said that he has had "no conversations" with anyone interested in starting a new league (WASHINGTON POST, 9/17). OAKLAND OWNERSHIP? In Boston, Peter Gammons reports that while four bidders expressed interest for the A's, only two "actually pursued it, and both dropped out as soon as they looked further" (BOSTON GLOBE, 9/18). -
LOOKING AT THE LINEUP TRYING TO PIRATE A TEAM; ROONEYS OUT
On Friday, Pittsburgh Mayor Tom Murphy reduced the list of potential Pirate suitors to 10, with the two or three finalists to be determined within weeks after preliminary bids are made. The city wants about $85M for the Pirates. According to city government sources, the Rooney Familys -- the Steelers owner -- clearly would be the frontrunner if they made a serious bid. Besides the Rooneys, Penguins co-owner Howard Baldwin was the only other potential suitor mentioned by name by Murphy during his news conference. Other bidders: Adelphia Communications Chair John Rigas, the KBL Sports Network and Pittsburgh businessman Jim Roddey. The city has until January 29, to find a buyer or the Pirates can sell to the highest bidder. Larry Lucchino, the former Orioles CEO, is also said to be interested in the Pirates, but is now involved in a bid to buy the Padres (PITTSBURGH POST-GAZETTE, 9/17). In Boston, Will McDonough reports Dan Rooney says his family is not interested in the Pirates. Rooney: "We have some stadium problems here with the city, and we have to get those rectified. I do not want to get involved in the baseball rules. I am dead set against cross- ownership" (BOSTON GLOBE, 9/18).
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ST. LOUIS, BALTIMORE HUSTLE IN AS ANAHEIM SWEETENS DEAL
Rams Exec VP John Shaw met with "Save the Rams," a group trying to keep the Rams in Anaheim. He and Rams owner Georgia Frontiere was also expected to dine with MD Gov. William Donald Schaefer and Orioles owner Peter Angelos last night. And in St. Louis, Rams representatives have been on the phone with FANS point man, former Sen. Tom Eagleton. "Save the Rams" was expected to present Shaw with an offer to buy the team, "although the Rams have indicated that they are not interested in an outright purchase." The group was also expected to present more details on guarantees of ticket sales and premium seat sales. FANS Inc. just purchased the 30% share of the stadium lease in St. Louis from beer distributor Jerry Clinton. Shaw, in a statement: "Our lawyers have been advised by Sen. Eagleton that the St. Louis stadium lease issues have been resolved. If that is the case the Rams are prepared to commence discussions" (Jim Thomas, ST. LOUIS POST-DISPATCH, 9/17). ANAHEIM: "Save the Rams" presented a package assuring revenues between $15-20M. The new plan also includes "all- important season ticket and luxury box guarantees similar to ones being offered by other cities wooing the team." They promised the Rams sales of 45,000 season tickets and income from "roughly" 100 luxury boxes --mostly from the Orange County business community. The group also boosted the renovation package for Anaheim Stadium from the $40M offered last month to $60-70M. The package more than doubles the budget for a proposed "state-of- the-art training facility" and corporate HQs in Orange County (L.A. TIMES, 9/17). ST. LOUIS: Now that the stadium lease has been finalized, look for a task force of area political, civic and business leaders to be named within a week, as FANS tries to "broaden the input it gets in formulating the Rams proposal" (Thomas, ST. LOUIS POST-DISPATCH, 9/17). The St. Louis group is considering selling the naming rights to the stadium and requiring fans to buy seat licenses before they can buy season tickets (Jon Morgan, Baltimore SUN, 9/17). -
STAVRO NOW HAS TO STAVE OFF TWO GOVERNMENT AGENCIES
Ontario's Public Trustee charged that Maple Leaf Gardens Ltd. (MLG) failed to take any steps to "maximize value for shareholders before the company's takeover by MLG Ventures." In a new set of allegations specifically against Gardens management, the trustee and ministry of the attorney-general contend company officials didn't "make any or adequate attempts" to find out what potential buyers would pay. The two government agencies have already alleged the executors of the estate of late Gardens owner Harold Ballard "breached their fiduciary duties to a group of designated charities by selling his estate's stake in the hockey franchise privately to MLG Ventures, and not on the open market." The two agencies want to the courts to unwind the deal and return the shares to the estate. MLG Ventures and the Gardens "have denied all the allegations which must still be proven in court." The estate's three executors are all members of the Gardens board. Stave Stavro is Chair and CEO of the Gardens and Donald Crump is the company's treasurer (Tony Van Alphen, TORONTO STAR, 9/16). The trial to decide the future ownership of Maple Leaf Gardens will likely start next spring (Van Alphen, TORONTO STAR, 9/19).
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TIMBERWOLVES BIDDER WANTS TO TAKE THE TEAM PUBLIC
Glen Taylor, who is lining up the deal to purchase the Timberwolves, said that he would like to make the team a public corporation similar to ownership of the Celtics. Taylor is lining up backers for a limited partnership to put up the $45M in equity needed for the $88M deal. Taylor told MN Public Radio that one option he and his group is interested in "is taking on additional citizens." Taking the team public "is becoming a key component in Taylor's efforts to lure individual investors into the money pool he needs to purchase the team" (CHICAGO TRIBUNE, 9/18).




