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COLLINS GROUP "CLEAR FRONT-RUNNER" AMONG NO. VA MLB BIDDERS
The partnership headed by telecomm exec William Collins has "emerged as the clear front-runner" among the two potential ownership groups seeking an MLB franchise for Northern VA. One baseball official close to the process: "If we decide we want to expand into that area, it looks at this point like the Collins group is the one we'll be dealing with." Sources said that at the Chicago meeting on Tuesday, Collins' presentation was "more impressive" than the one given by the coalition led by Washington lawyer Bart Fisher. One local official familiar with both presentations: "Collins's group was much stronger. The financing is solid stuff. With Fisher, it was like, 'We are happy to meet with you when you put the numbers all together.'" Fisher is hoping to counter Collins' bid with the addition of a coalition of minority investors. Fisher's group would be the first MLB team headed by minority ownership (Maske & Lipton, WASHINGTON POST, 11/3).
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COURT ALLOWS OTHER PARTIES TO JOIN SUIT AGAINST STAVRO
A judge allowed a group of minority shareholders of Maple Leaf Gardens Ltd. to join a lawsuit against the company. In a decision released yesterday in the Ontario Court, Justice John Ground said Jim Devellano, and Harry Ornest and his family can join a suit launched last summer by a group of charities to block the takeover of the Gardens by grocer Steve Stavro. Ornest, his family and Devellano own more than half of the outstanding Gardens shares, which amounts to less than 10% in total. Since April, Stavro has acquired more than 90% of Gardens shares, including 60% from the estate of the late Harold Ballard which Stavro bought for C$34 apiece in a private deal with the estate's executors. Those challenging Stavro's ownership charge a conflict of interest due to Stavro's role as one of the executirs of Ballard's estate (Paul Waldie, FINANCIAL POST, 11/3). One Toronto lawyer called Justice Ground's ruling "a blow to Stavro. It's something he didn't want to happen." The case is expected to be heard in court next spring or early summer (Toronto GLOBE & MAIL, 11/3).
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NO CHAMPIONSHIP BANNERS FOR ROCKETS FRONT-OFFICE
The marketing department of the NBA Champion Rockets has only sold a season ticket base of 8,600 and the team faces a crowd of only 9,200 for its second home game. Fran Blinebury writes, "There are so many franchises in the NBA and in other sports that are doing a booming business. It must be left open for consideration that Rockets management simply didn't do the job over the summer that should have been spent cashing in on the championship. ... They blew it. There is an inclination to blame the whopping price hikes in tickets. Yet the highest-priced tickets are the ones that have all been sold to season-ticket holders, a base that numbers roughly 8,600 paid. It is the consumers of the cheaper seats who must be brought on board. The Rockets don't have a business operation of which the team can be proud" (HOUSTON CHRONICLE, 11/2).
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SHOULD THEY STAY OR SHOULD THEY GO? RAMS DECISION PENDING
Rams President John Shaw said yesterday that the club will choose from among three options -- staying in Anaheim, or moving to Baltimore or St. Louis -- over the next two months. Shaw: "We'd like to accommodate the time frames Baltimore and St. Louis have requested sometime between Dec. 1 and Jan. 1, although there's no guarantee" (Jon Morgan, Baltimore SUN, 11/3). Shaw said, however, that the Rams are "aggressively pursuing" a move to St. Louis: "That's not to say we will ever complete a deal with St. Louis; we still have unresolved issues" (ST. LOUIS POST- DISPATCH, 11/3). Shaw acknowledged that Anaheim has "sweetened its offer" to keep the Rams, but he added, "I feel that Baltimore and St. Louis are offering something that Anaheim is not in a position to offer to the team -- a new, football-only stadium." Orioles Owner Peter Angelos said that he plans to meet with Shaw tomorrow in Los Angeles and he remains convinced that the Baltimore offer is better than St. Louis': "Baltimore is far more supportive of football than St. Louis" (Baltimore SUN, 11/3).
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STEINBRENNER DEFENDS TICKET PRICE HIKE, WANTS NEW STADIUM
Yankees owner George Steinbrenner defended the club's decision to raise their top ticket price from $17 to $25 yesterday, noting it only affects 4,200 seats. Steinbrenner said it has grown "increasingly tough" to stay competitive on the field because of "the archaic configuration of Yankee Stadium limits luxury boxes, and hence revenue." Steinbrenner, on the "new, state-of-the-art" AL ballparks in Chicago, Baltimore, Texas, Cleveland: "They all get tremendous revenue opportunities. I'm dealing with a stadium with 18 suites while they all have at least 75 suites." The $25 seats will feature arm rests, cushions and waiter-waitress service (Anthony Gargano, N.Y. POST, 11/3).
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STERN STANDS GROUND ON TICKET GOAL FOR NEW NBA FRANCHISES
At yesterday's NBA telephone press conference, NBA Commissioner David Stern was asked if the franchise would be revoked from either Vancouver or Toronto if the 12,500 season ticket goal is not met by 12/31/94, Stern said simply: "Yes." When asked to elaborate: "I'm reaching back to our Orlando situation and I remember Orlando was somewhat short of the goal and I remember Orlando calling and asking whether the committee [meant exactly or approximately 10,000], and the response at that time from the committee was 'no.'... Historically, [the committee] has enforced the agreement" (THE DAILY). In Vancouver, Neil Campbell also notes that Stern "hinted that he is growing impatient with the Raptors' here-today, gone-tomorrow plans for a downtown Toronto arena. ... The usually precise Stern seemed somewhat confused when discussing the Raptors' arena situation, sounding very much like a man who has heard so many different stories he is having trouble fitting them all together" (Toronto GLOBE & MAIL, 11/3).




