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NBA TO DELAY VOTE TO APPROVE HEAT SALE BY 2-3 WEEKS
Published October 4, 1994
Whit Hudson learned Monday that NBA owners will not vote until mid- to late-October on whether to approve his purchase of a 40% share of the Heat. Hudson, who plans to buy the shares of Heat part-owners Lewis Schaffel and Billy Cunningham, hoped to have the sale approved tomorrow at the NBA owners meeting in New York. But the league said the purchase will be discussed but not voted upon. That means Hudson must wait even longer to hire a GM, leaving Schaffel and Cunningham in charge of team operations. Hudson said the delay "is nothing out of the ordinary." NBA attorney Joel Litvin said the vote is being delayed because paperwork surrounding the sale was not complete. Hudson meets with the NBA's finance committee today and Wednesday to address any financial questions (Alex Marvez, MIAMI HERALD, 10/4).