Finebaum Headed To ESPN, SEC Network NFL Owners Award Super Bowls L, LI NBC Earns Best Preakness Audience Since '09 Durant, Thunder Donate To Tornado Relief Long Beach To Host Volleyball Tourney Microsoft Unveils $400M NFL Partnership Report: Lions To Create Bowl Game Final Days To Purchase SBA Tickets Yankees, Man City Partner On MLS Team NFL Set To Award Super Bowl Sites
Sections
SBD/15/Franchises
Print All-
CANADIENS LOSSES CONTRIBUTE TO MOLSON'S POOR SHOWING
Molson Cos. Ltd. "plans to get out of retailing and focus on beer and cleaning, with a bit of hockey on the side." Meeting with financial analysts in New York, Molson President Marshall Cohen said the company's growth will focus on Diversey, its U.S. cleaning and chemical specialty business, even though the division has posted consistent losses. Cohen also said earnings this year would be lower due to the NHL lockout. According to company spokesperson Barry Joslin, Molson, which owns the Canadiens and the Montreal Forum and sponsors "Hockey Night in Canada," will lose $11M in operating profit if the season doesn't start by January 1, and $22M if the entire season is canceled (Art Chamberlain, TORONTO STAR, 11/15). Molson spokesperson Bill Chambers: "We still hope that a truncated season will be played. But not blindly. We have a responsibility to our shareholders." A company statement calls the Canadiens a "legacy asset" worth keeping, despite the losses from the labor dispute (Francois Shalom, MONTREAL GAZETTE, 11/15).
-
FRANCHISE NOTES
With their slow start, the Hawks are having difficulty drawing at The Omni. Tonight's game against the Celtics (featuring former Hawk Dominique Wilkins) is expected to attract around 10,000 (ATLANTA CONSTITUTION, 11/15)....An editorial in the ORLANDO SENTINEL commended the voters of Orange County for re-electing County Chair Linda Chapin, saying it "demonstrated" the local community "appreciates the potential benefit of bringing baseball to Orlando." Chapin's opponent was against bringing Major League Baseball to the Orlando area (ORLANDO SENTINEL, 11/14).
-
HEAT WAVES -- HUDSON RESUBMITS BID, NBA MAY MEDIATE LAWSUIT
Whit Hudson has re-submitted his ownership bid to the NBA for the Heat and could discuss the deal Wednesday with league officials. Hudson plans to purchase the 40% of the team owned by Billy Cunningham and Lewis Schaffel, and has revised his initial offer with "half of the $60 million purchase completed for in cash." The NBA also "may offer to mediate in a lawsuit" filed last week against Cunningham and Schaffel by Heat limited partner Raanan Katz, who claims his share in the team should be doubled. Katz is seeking over $2M in damages (Alex Marvez, MIAMI HERALD, 11/15).
-
LOCAL LEADERS RALLY TO SAVE THE BUCS
Printing company exec Leonard Levy and insurance businessman Walter Baldwin, two who were instrumental in acquiring the franchise and bringing the Super Bowl to Tampa, are "heading up a ad-hoc task force that will harness business support" to keep the team in the area. Don Barber, President of the Greater Tampa Chamber of Commerce, expects to officially announce the group on Friday. It will likely be made up of 15 members and "many more" volunteers. Barber: "There's a very, very strong feeling that we don't want to lose this team. Regardless of the team's record, we still get Tampa and the Tampa Bay name spread around the country each and every weekend. That gives you an image boost." The committee's agenda will be: to work with the Tampa Sports Authority on getting funding to renovate Tampa Stadium; contact NFL owners and staff on the value of the Tampa area to the league; and work with the media to get out their message. Former Tampa Super Bowl Task Force member Jim Urbanski: "There's nothing worse than having a team and then losing it. ... A bad NFL team is better than no NFL team" (Dave Szymanski, TAMPA TRIBUNE, 11/15). Members of the Tampa City Council said no one has approached them with any proposals to renovate or replace Tampa Stadium, but added public assistance with such a request is a possibility (Danielson & Dougherty, ST. PETERSBURG TIMES, 11/15). TAMPA TEAM NEEDS QB: Local columnist are calling on the Tampa community to come together in their effort to keep the team. Joe Henderson of the TAMPA TRIBUNE writes that "competition among local folk is the last thing we need ... We need a statesman. We need a hero" (Joe Henderson, TAMPA TRIBUNE, 11/15). Hubert Mizell of the ST. PETERSBURG TIMES writes a "unified" effort of "Tampa Bay Bucs Investment All-Stars" could be "happening." Mizell: "It would be a dynamic coalition if our All-Stars got together. It could save the Bucs. It could make the Bucs" (ST. PETE TIMES, 11/15). -
MARLINS TO SEASON-TICKET HOLDERS: MONEY NOW, DETAILS LATER
The Marlins sent letters to season ticket holders this week stating that any seats not claimed with a 20% deposit by December 5 would be "released for resale." The letter states the deposit, is "nonrefundable," but Marlins Media Relations Dir Chuck Pool "said the public shouldn't worry that they won't get their money back -- or at least be given options -- if the strike extends into next season" (Susan Miller Degnan, MIAMI HERALD, 11/15).
-
STAVRO FILES COUNTER CLAIM IN MAPLE LEAF GARDENS SAGA
Steve Stavro has filed a counter-claim against a group of charities that is suing him for his takeover of Maple Leaf Gardens, Ltd. The charities, represented by Ontario's Public Trustee, said Stavro did not pay enough for the 60% block of shares from the estate of former MLG Owner Harold Ballard. That purchase enabled Stavro to acquire 91% of MLG. The charities' court action has prevented Stavro from making the company private, and Stavro claims the delay has caused "losses and incurred expenses it would have otherwise have avoided" (Paul Waldie, FINANCIAL POST, 11/15).




