Goodell Working With Titans On Ownership Structure LSED OKs Upgrades For Saints, Pelicans A's Launch Latest TV Ad Campaign Dynamo, D-League Vipers Partnering On USL Team Dodgers Spend Big On Cuban OF Olivera Titans President Insists Team Isn't For Sale Bears' McCaskey Met With McDonald Before Signing Benson Addresses Family Lawsuit Alderson Addresses Harvey's Rotation Slot Hornets, Clips To Play Preseason Games In China
Upcoming Conferences and Events
HEAT SALE TO WHIT HUDSON IN DOUBT
Published November 21, 1994
Whit Hudson's plan to purchase a controlling interest in the Heat is on the "verge of collapse, the victim of internal fighting among the team's partners and a contract dispute with majority owner Ted Arison." The NBA has set a Tuesday deadline for Hudson and Heat owners to settle their differences. Among them: Deciding who pays entertainer/ Heat partner Julio Iglesias $2.4M, and a pending lawsuit by limited partner Raanan Katz. If no progress is made, NBA owners probably will not vote on the sale until the season ends. Hudson does not "believe the NBA will approve this transaction." In August, Hudson -- brother-in- law of FL sports mogul Wayne Huizenga -- agreed to purchase 41.5% of the Heat from managing partners Lew Schaffel and Billy Cunningham for $60M (Alex Marvez, MIAMI HERALD, 11/19).