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L.A. INVESTOR GROUP HOT ON THE HEELS OF THE POSSE
Published December 20, 1994
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).