SBD/20/Franchises

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  • BUCS SAY: THANK YOU FOR THE OFFER, BUT IT'S NOT ENOUGH

         Palm Beach millionaire George Lindemann said Monday he made
    an undisclosed offer to the three-man trust in charge of selling
    the Buccaneers, and was turned down.  This was the first official
    offer for the franchise.  Lindemann would not reveal the amount
    of the proposal, but "suggested it might be similar to the $137
    million offer he made earlier this year for the Dolphins."  The
    Bucs trust was unavailable for comment and Lindemann said he is
    considering whether to make another bid for the team.  It is
    believed that at least two other local buyers will make offers
    within a week, including a group from Outback Steakhouse and
    Orlando pencil magnate Gino Pala.  The new activity in the sale
    is in response to Orioles Owner Peter Angelos' expected bid of
    $200M to buy the team and move them to Baltimore.  Groups wishing
    to keep the team in the Tampa area are unlikely to match Angelos'
    offer, as it remains "uncertain what the Bucs might be worth in
    Tampa as opposed to Baltimore" (Stebbins, Kaufman, Henderson,
    TAMPA TRIBUNE, 12/20).  For news on improvements to Tampa
    Stadium.
         MARYLAND GOVERNOR APPROVES MOVE:  MD Gov.-elect Parris
    Glendening said he would urge Redskins Owner Jack Kent Cooke to
    approve of the relocation of any NFL franchise to Baltimore.
    Glendening: "I would do whatever possible to bring an NFL team to
    Baltimore."  He also said the state should help finance a new
    football stadium near Baltimore's Camden Yards, should they get a
    team (Leonard Shapiro, WASHINGTON POST, 12/20).
    

    Print | Tags: Baltimore Orioles, Franchises, Miami Dolphins, NFL, Tampa Bay Buccaneers, Washington Redskins
  • CANADIAN TEAMS CLOSE IN ON NUMBER -- RAPTORS MOVE ON ARENA

         The Grizzlies and Raptors have scheduled news conferences
    for today and tomorrow at which each are expected to announce
    that they have reached the NBA's mandate of 12,500 season
    tickets.  The Grizzlies will hold a press conference this
    afternoon to announce the news.  The Raptors may have more good
    news, as today's TORONTO SUN reports the team is close to
    finalizing a deal for their arena site.  The team has made a
    revised proposal for the Canada Post building, and details could
    be approved by both parties by Christmas (Frank Zicarelli,
    TORONTO SUN, 12/20).
    

    Print | Tags: Franchises, Maple Leaf Sports and Entertainment, NBA, Toronto Raptors
  • HARRINGTON SAYS CELTICS WON'T FIND RED SOX IN THEIR STOCKING

         Red Sox CEO John Harrington denied a weekend N.Y. TIMES
    report that the Celtics are looking into a possible purchasing of
    the Red Sox.  Saying there "is no truth to the story," Harrington
    said, "The shares of the Yawkey estate are not for sale.  When
    they are, everyone will know about it at the same time."  The
    newspaper reported that the Boston Celtics Limited Partnership,
    with new-found assets and a desire to diversify, may be
    interested in acquiring the Red Sox to gain a strong hold on the
    Boston sports market.  Celtics Chair Paul Gaston would not
    comment on the TIMES story (May & McDonough, BOSTON GLOBE,
    12/19).
    

    Print | Tags: Boston Celtics, Boston Red Sox, Franchises
  • L.A. INVESTOR GROUP HOT ON THE HEELS OF THE POSSE

         A L.A.-based consortium headed by former Washington State
    football player Philip Johnson and former San Diego State
    assistant coach Ron Sims has put down a $100,000 deposit to buy
    3.125M newly-issued common shares of the CFL Las Vegas Posse at
    $.80 apiece.  That would give the group 54% ownership of the
    team.  CFL Commissioner Larry Smith:  "They have filed a letter
    of intent.  We hope to have it done by mid-January."  The group
    wants the team play at the L.A. Coliseum (Rick Matsumoto, TORONTO
    STAR, 12/20).
    

    Print | Tags: CFL, Franchises
  • RAMS & FANS SPEND "EXCELLENT" WEEKEND TOGETHER

         A "marathon negotiating session" in St. Louis over the
    weekend between the Rams and FANS, Inc., the civic group trying
    to bring the team to St. Louis, resolved many issues.  FANS
    spokesperson Tom Eagleton: "They were excellent meetings
    involving a large number of people, representing different
    elements of our proposal."  Eagleton called the lengthy sessions
    the most "productive yet in the ongoing effort to lure the Rams
    to St. Louis," adding that "a lot was accomplished."  Eagleton
    would not comment on specifics in the negotiations, or when a
    decision by the Rams was expected (Jim Thomas, ST. LOUIS POST-
    DISPATCH, 12/20).  In a piece called "Identity Crisis," Dan
    Bickley of the CHICAGO SUN-TIMES examines St. Louis' effort to
    get the Rams after losing the Cardinals in '88.  The community is
    "doing everything it can to regain a huge source of self-esteem"
    (CHICAGO SUN-TIMES, 12/18).
    

    Print | Tags: Franchises, St. Louis Rams
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