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ARENA 2000 TO PURCHASE MAJORITY OF SAN DIEGO SOCKERS
The CISL announced that Arena Group 2000 has signed a letter of intent to purchase controlling interest in the San Diego Sockers. The Ancira family, the primary owner of the Sockers since '91, will retain minority stake in the team. Arena Group 2000, the leasehold operator at the San Diego Sports Arena, brings the number of arena owners/operators in the CISL to eight. Arena 2000 also has an exclusive agreement to develop a new downtown entertainment and sports center with the city of San Diego. The Sockers are the oldest pro soccer club in the history of the U.S. (CISL).
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BUCS SALE MOVES SLOWLY -- NO WEEKEND PROGRESS MADE
Stephen Story, member of the Bucs trust in charge of selling the team, said yesterday "no formal offer has been made" for the team, but that he remains hopeful "talks will produce one as early as this week." Story: "We had the hopes that something would get done by the end of next week. I still think that is a good deadline. ... Everybody is kind of waltzing around the issue and nobody wants to be the first one at the dance" (Rick Stroud, TAMPA TRIBUNE, 12/12). Orioles Owner Peter Angelos met for two hours with the group over the weekend and reported "substantial progress" in his bid to buy the team. Angelos said the two sides "are in agreement on a number of points" (Jon Morgan, Baltimore SUN, 12/11). But Story had a different take on the meeting, saying "until it is in writing and there is a check, there is no offer. ... (Angelos) kinds of skirts the issue as far as numbers" (Rick Stroud, TAMPA TRIBUNE, 12/12). In a related development, real estate developer Norton Herrick dropped out of the running to buy the team, saying he will focus on his effort to bring baseball to the Orlando area (Jim Thomas, ST. LOUIS POST- DISPATCH, 12/12).
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HERRICK AND CITY OF ORLANDO CLOSE TO COMPROMISE ON STADIUM
In a dispute that threatens to land a fatal blow to their expansion hopes, Orlando officials and would-be baseball owner Norton Herrick are close to a deal "that could salvage Orlando's bid for an MLB expansion team." The disagreement centers on who would control surplus tourist tax revenue -- the county or the team. Negotiators for both sides said they have come up with a compromise that would give Herrick "some surplus money but less than he was demanding." Herrick wanted the surplus money to go back into improving the stadium, "perhaps adding a retractable roof." Orlando's presentation to baseball owners will take place Wednesday in Chicago, and both sides "agree the stadium must be a done deal for Orlando to have any chance" of being awarded a franchise (Lebowitz & Tracy, ORLANDO SENTINEL, 12/9).
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RAMS MOVE TO ST. LOUIS CLOSE TO COMPLETE
Speculation continues to grow that the Rams move to St. Louis is nearly a done deal. Rams President John Shaw, in Tampa for the Bucs-Rams game, told reporters "the bulk of the work is done, but we are still negotiating. I'm optimistic that we will get it done." When asked what was holding up the sale, Shaw said, "Ask FANS, Inc." (Jim Thomas, ST. LOUIS POST-DISPATCH, 12/12). People familiar with the negotiations said "momentum is clearly on St. Louis' side," and that the talks have "gotten down to the nitty gritty" (Jon Morgan, Baltimore SUN, 12/10). FANS Inc. spokesperson Tom Eagleton told the WASHINGTON POST that he was "very optimistic. I think we are going to get it done" (Leonard Shapiro, WASHINGTON POST, 12/10). NO FREE LUNCH: Shaw did say that in St. Louis, the team would have to pay up to $2.5M per season in taxes. He said they currently pay no taxes in Anaheim. If the team decides not to go to St. Louis, they could "stay in Anaheim for one more season and tough it out" as Orange County and the NFL work to develop a new stadium, according to Bernie Miklasz of the ST. LOUIS POST- DISPATCH. That would give some new candidates a chance to enter the bidding for the team (ST. LOUIS POST-DISPATCH, 12/11). -
WILL CORPORATIONS SOLVE GRIZZLIES/RAPTORS TICKETS PROBLEM?
Reports out of Canada this morning indicate corporate help may soon be on the way for the expansion Grizzlies and Raptors. Two companies have "confirmed they are currently in negotiations for significant group corporate ticket purchases." The groups involved are Shopper's Drug Mart and the Overwaitea grocery stores, and it is "believed that if either or both deals go through, the Grizzlies season ticket goal would be well within reach." They are reportedly just under 3,000 tickets short of reaching the NBA mandated minimum of 12,500 before December 31. Greg Harmeson, VP of Marketing for Western Canada Shopper's stores, said "if all this does come to fruition, it is more a civic-minded task we're performing. We would be offering them for sale to our customers." Raptors Dir of Communications Tom Mayenknecht would only say that "there are quite a few companies who are looking at the great potential of basketball in this country." If a company does not have a corporate sponsorship with a team, it can buy an unlimited amount of season tickets. If the team has a deal, NBA regulations state the corporation can purchase no more than 500 tickets (Howard Tsumura, Vancouver PROVINCE, 12/12). EDITORIAL HITS THE LEAGUE: An editorial in today's Vancouver PROVINCE notes the slow tickets sales in Canada but targets the NBA-mandated minimum. "12,500 was a ridiculous figure from the outset, especially considering Canada doesn't have the basketball history of the U.S. The Grizzlies could sell more season tickets than the Houston Rockets or the Vancouver Canucks and end up without a team" (Vancouver PROVINCE, 12/12).




