SBD/28/Franchises

CANUCKS INVESTOR HOPES TO FILE SUIT AGAINST VANCOUVER OWNER

     Primex Investments, a minority shareholder of Northwest
Sports Enterprises, has filed a petition with the British
Columbia Supreme Court requesting permission to sue Northwest
President Arthur Griffiths and associates for allegedly co-opting
the new hockey arena and NBA franchise for themselves.  If the
petition succeeds, Primex said that it will seek damages against
Griffiths and the other directors of Northwest for "breaches of
their duties of care and loyalty" to Primex by selling the new GM
Place arena to Griffiths and his associates for a nominal $100.
Primex said that it will also seek damages against Griffiths for
buying a direct interest in the Grizzlies rather than acquiring
the franchise through Northwest for the benefit of all
shareholders.  The petition states: "Griffiths wanted the arena
for himself.  He was attempting to acquire a NBA franchise for
himself or for a group of which he was a member -- a franchise
that he had been earlier seeking for Northwest" (David Baines,
VANCOUVER SUN, 10/28).
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