SBD/3/Franchises

FRANCHISE VALUES IN BASEBALL DOWN 20% BECAUSE OF STRIKE?

     In this week's BUSINESS WEEK, Keith Alexander reports that
the baseball strike "is hitting especially hard at a handful of
teams: those up for sale."  Four are officially on the block:
A's, Angels, Padres and Pirates.  The Twins are also reportedly
"entertaining offers."  According to Paul Much, an analyst with
Houlihan Lokey, Howard & Zukin, the strike has "lopped off around
20% of a team's value."  So the teams for sale "indicated they
likely will wait until the work stoppage is over.  The exception
is the Pirates, who are under pressure to sell soon."  The team
faces a January 29, 1995 deadline to find a buyer who will keep
the team in Pittsburgh (BUSINESS WEEK, 10/10 issue).
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