Herb Kohl Sells Bucks For $550M Kohl Praised For Dedication To Milwaukee Arthur Blank, Atlanta Officially Awarded MLS Team Raptors Unveil New "We The North" Campaign NBA Kings Reaping Benefits Of New Owners Franchise Notes Bruins, Celtics Headed In Opposite Directions How Key NBA Storylines Played Out This Year NBA Franchise Notes Mariners Financials Strong Despite Play
Upcoming Conferences and Events
STAVRO AGREES TO TURN OVER DOCUMENTS TO TWO GOV'T AGENCIES
Published September 20, 1994
MLG Ventures, a company controlled by grocery store magnate Steve Stavro, "reached a deal with two government agencies to produce the documents for pending trial that could result in an unwinding of the takeover." Ventures had rejected requests from Ontario's public trustee and attorney general's ministry for the documents since May, but the company "abruptly changed its mind shortly after losing court arguments about the proper legal process for seeking the files." The trustee has charged that the executors of the estate of the late MLG Ltd. owner Harold Ballard should have sought bids for its 60.3% of MLG Ltd. instead of selling it "privately" to Stavro's MLG Ventures. The issue of what documents Stavro "must produce could result in more court skirmishes before the trial that is to decide ownership" (Tony Van Alphen, TORONTO STAR, 9/20).