SBD/31/Franchises

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  • DODGERS BORROW $20 MILLION FROM L.A. BANK TO COVER EXPENSES

         The Dodgers, suffering financial losses from the players
    strike, have borrowed $20M from the club's line of credit with a
    L.A. bank.  Dodgers Owner Peter O'Malley: "We have an ongoing
    line of credit with a major bank and expect to draw on it next
    month to meet the overhead and annual expenses we have."
    O'Malley said it is "inaccurate to characterize the club as being
    in financial trouble," but he told his staff that the loan is a
    response to the strike's impact.  Dodgers VP/Finance Bob Graziano
    said the loan was necessary to cover operating expenses and "to
    fund the payroll for people still working here and to make sure
    the grass gets watered."  Granziano: "I don't think anyone is
    saying the club is on the ropes."  The Dodgers are estimated to
    have lost $12M due to the strike (Newhan & Hudson, LA TIMES,
    10/29).
    

    Print | Tags: Franchises, Los Angeles Dodgers, News Corp./Fox
  • LAS VEGAS POSSE CONSIDERS OPTIONS IN MOVE

         Las Vegas Posse coach Ron Meyer said that the team, which
    will be relocated following the end of the '94 season, is
    considering Birmingham, Orlando, Mobile, Syracuse, Honolulu,
    Portland (OR), Omaha, St. Louis or Memphis (AP/TULSA WORLD,
    10/29).
    

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  • NORTHERN VA BASEBALL INVESTOR REPORTEDLY JOINS ORLANDO BID

         Bart Fisher, who heads Capital Baseball, one of two
    Northern VA groups trying to win an expansion franchise, may have
    lost "one of his most prominent investors to a competing
    community."  Sources say New York investment banker J. Morton
    Davis, previously listed as one of the principals in Capital
    Baseball, "may have pulled out of Fisher's group and is
    considering joining investors seeking a franchise in Orlando."
    Fisher would not "confirm nor deny Davis' current status,"  but
    Stephen Kurtz, an investor in the Orlando bid said, "We have had
    some discussions with Mr. Davis.  Nothing has been finalized."
    Fisher's group makes their presentation to MLB owners tomorrow in
    Chicago (Thom Loverro, WASHINGTON TIMES, 10/31).  John
    Harrington, chair of the Expansion Committee, said if baseball
    gets a new CBA by February, owners may vote on adding two
    expansion teams for '97 or '98.  Harrington hopes for an
    expansion decision by January and a vote by February. He stressed
    if there is no labor deal, "it's unlikely we can make a positive
    recommendation" on expansion (Mult., 10/30).
    

    Print | Tags: Franchises, MLB
  • ST. LOUIS HAS PLANS TO SELL PSL'S IF RAMS COME TO TOWN

         If the Rams move to St. Louis, "FANS Inc. will initiate a
    permanent-seat licensing campaign to fund the costs of the
    transfer.  Estimates indicate that between $60 million and $90
    million will be needed to satisfy the Rams' so-called wish list"
    (Bernie Miklasz, ST. LOUIS POST DISPATCH, 10/29).  In L.A., Mike
    Ventre writes, "I'm starting to believe that John Shaw will wait
    far too long to pull the trigger on a move to either St. Louis or
    Baltimore and the Rams will than be stuck in Anaheim with the
    same lousy stadium deal they have now" (L.A. DAILY NEWS, 10/29).
    But NBC's Will McDonough says, "Many owners are convinced the
    Rams are about to move to St. Louis next season" ("NFL Live,"
    10/30).
    

    Print | Tags: Franchises, NBC, NFL, St. Louis Rams
  • TACOMA TIGERS TAKE HEAT FOR PROPOSED TIE WITH BEER COMPANY

         In Tacoma, Art Popham complains about the AAA Tigers
    considering renaming the team after the Rainier Brewery.  Popham:
    "It seems to me the Tacoma Rainiers would become another Joe
    Camel -- a promotional devise intended to build young people's
    acceptance of a negative adult habit. ... Would [USC] change its
    Trojan logo to resemble a pack of condoms if Trojan prophylactics
    promised USC big bucks?" (Tacoma NEWS TRIBUNE, 10/29).
    

    Print | Tags: Detroit Tigers, Franchises
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