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HUDSON HAWKS A NEW PACKAGE IN BID TO PURCHASE THE HEAT
Published November 2, 1994
Whit Hudson said yesterday that he will submit a financial package to the NBA on November 15 for approval to purchase 40% of the Miami Heat. Hudson said that the $60M package will include a $30M cash payment. But Hudson's ownership application probably will be submitted without the approval of the Heat's four limited partners, which could complicate the NBA's vote on the sale. Hudson maintained that the league would approve the sale because this package is "exactly what the NBA requested" (Alex Marvez, MIAMI HERALD, 11/2). Hudson is brother-in-law of South FL sports magnate and Blockbuster CEO Wayne Huizenga.