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STARS OWNER SAYS HE MAY SELL PART OF TEAM
Published November 21, 1994
Stars Owner Norman Green said he would be "forced to put part of the team up for sale if the NHL lockout were to wipe out the entire season." Green owns 100% of the Stars, which he bought in '90 for $40M and moved to Dallas in '93. The has an estimated worth of $70-80M. Green: "The way (sports) is headed is toward all the teams being owned by big business. The unique thing is that I'm one of the few owners in sports who owns the team 100 percent. That's the old way of doing it. It appears the old way of owning a sports franchise no longer works." Stars officials said they lost a couple of million dollars last season. With no hockey being played this year, the Stars are losing about $600,000 per game in ticket revenue. "That is not offset" by the estimated $200,000 per game they save on player salaries (Egan & Deener, DALLAS MORNING NEWS, 11/18).