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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).
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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).
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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). -
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).




