SBD/4/Franchises

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  • CHARLOTTE WILL WAIT FOR BASEBALL

         Spencer Stolpen, president of the AAA Charlotte Knights,
    said the city decided not to submit a bid for an MLB expansion
    team this year because the population is not yet high enough to
    support a franchise.  Mayor Richard Vinroot says the area is
    "probably five years away from having enough people in the core
    of our market area."  Stolpen says he and Knights owner George
    Shinn discussed a bid with several MLB officials.  Shinn's
    Knights Castle Stadium conforms to major league specifications
    and can be expanded from 10,000 to 45,000 seats.  Sports
    Marketing Consultant Max Muhleman, who assembled Charlotte's bids
    for the Panthers and Hornets, said he would "support George
    [Shinn] as the logical owner" when the city is ready for a team
    (CHARLOTTE OBSERVER, 11/1).
    

    Print | Tags: Franchises, MLB, New Orleans Pelicans
  • FANS TO RAMS -- "MEET ME IN ST. LOUIS"

         With the remarks by Rams President John Shaw and the
    progress in negotiations, "Rams fever is building in St. Louis."
    Mayor Freeman Bosley, Jr.:  "We're extremely excited about the
    position we're in."  At a press conference last night, further
    details of the Rams/FANS plan were made clear:  1)  Businessman
    Stan Kroenke is "poised to buy a 40% share of the Rams," but the
    deal is not yet complete.  2) FANS Inc. "may take advantage of a
    5% amusement tax on tickets to sporting events to help build" a
    practice and office facility for the team.  This could also lower
    the amount needed to be raised through the permanent seat
    licensing program.  3)  Still unresolved on the Rams "wish list"
    is the team's desire to be compensated for losses this season,
    which could add at least $5-$6 million to the price tag, and the
    question of who will take care of game-day expenses.  4)  Also in
    question is who will receive money from the selling of the
    stadium naming rights to a corporation.  FANS spokesperson Tom
    Eagleton: "I'm more optimistic than I have been perhaps ever
    before in this sequence because we're getting some issues
    resolved" (Jim Thomas, ST. LOUIS POST-DISPATCH, 11/4).
    

    Print | Tags: Franchises, St. Louis Rams
  • RAPTORS HALFWAY TO GOAL, BUT NOBODY IS BEHIND THE HOOP

         The Raptors announced they have sold 6,400 season tickets,
    more than half of the 12,500 minimum set by the NBA in order for
    Toronto to keep the franchise.  Of the sales, about 3,000 of
    those are the highest-priced seats -- $85, plus a licensing fee
    of $8,750 each.  The Raptors just began season-ticket sales on
    October 21.  The fact that has the club "worried" is that only a
    few hundred seats have been sold behind the baskets.  Raptors
    VP/Comm. Tom Mayenknecht: "There is more demand than we projected
    for seats between the baskets."  The team now will look to sell
    the remaining seats, and Raptors' Dir of Ticketing Mark Lavaway
    says the club is planning an ad campaign and other incentives to
    help reach the goal (Frank Byers, TORONTO STAR, 11/4).
    

    Print | Tags: Franchises, Maple Leaf Sports and Entertainment, NBA, Toronto Raptors
  • THE ONUS OF PROOF IS ON MONUS

         Lawyers for former Rockies part owner Mickey Monus concluded
    their arguments in his case seeking $23M in compensation for his
    former 10% stake in the club.  Monus sold his share for $300,000
    in '92 but now claims insolvency, saying he was "foggy" due to
    prescription drugs he took before he signed the deal.  Rockies
    lawyers contend that Monus "got out of the Rockies exactly what
    he put in --about $300,000, most of it borrowed."  Monus was
    fired as Phar-Mor President in '92 and later charged with 123
    counts of fraud.  Rockies officials "say privately that Monus has
    little chance" of being reinstated to club ownership and that the
    case is "a money case."  The Rockies begin making their case
    today (Paul Hutchinson, DENVER POST, 11/3).
    

    Print | Tags: Colorado Rockies, Franchises
  • UEBERROTH AT HEAVEN'S GATE? HE WANTS TO BE TOP ANGEL

         Peter Ueberroth is reportedly one of the leading candidates
    to become minority owner and managing general partner of the
    Angels.  The former commissioner, one of six Angel board members,
    "refused to discuss his interest."  Bob Nightengale of the L.A.
    TIMES writes Ueberroth "might try to buy the club with the
    assistance of powerful Orange County businessman, George Argyros.
    Argyros, former owner of the Seattle Mariners, reportedly is
    worth at least $250 million."  Angel co-owner Jackie Autry has
    suspended talks with prospective owners until the strike is
    settled.  Autry: "It's premature for me to speculate what will
    happen.  There are just too many unknowns. ...  Peter has other
    things to worry about than this right now" (L.A. TIMES, 11/4).
    

    Print | Tags: LA Angels, Anaheim Sports, Franchises, Seattle Mariners, Walt Disney
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