Fight Over Tennis Film Could Escalate U.S. Soccer Draws Sellout Crowd In Utah Many Heat Fans Left In Fourth Quarter Source: NFLPA Meeting With Miale Today Jeff Hammond Likely Out At Southern Miss Galaxy Now Playing At StubHub Center New York Assembly Will Not Vote On MMA Ebersol Receiving WISE Champion Award Barclays Center Honors Sponsors Adidas Expects Record Soccer Sales In '14
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DEBARTOLO'S DEATH WON'T AFFECT 49ERS OWNERSHIP
In Boston, Will McDonough writes that there will be no change in ownership of the 49ers with the death of Edward DeBartolo, Sr. The team is owned by the DeBartolo Corporation. Team President Carmen Policy: "Mr. DeBartolo had planned for this and it is all covered in his estate. Eddie [DeBartolo, Jr.] will continue to run the team as he has in the past" (BOSTON GLOBE, 12/21).
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LAWSUIT PENDING AGAINST ITT TAKEOVER OF CAESARS WORLD
A group of Caesars World shareholders filed suit in Palm Beach Circuit Court charging that Caesars World did not "shop itself around to get the highest price" when it agreed to a $1.7B deal with ITT. The shareholders assert that Caesars Chair & CEO Henry Gluck agreed to take ITT's offer because it benefited management "rather than stockholders." Gluck will retain his position after the sale and Caesars President & COO J. Terrance Lanni also would remain part of the management team. Analysts have called ITT's $1.7B offer a "fair but not exorbitant price." ITT offered $67.50 for every share in Caesars World. When the deal was announced, Caesars was trading at about $45 per share. It closed yesterday at $66. The lawsuit alleges that Gluck did not pursue other suitors, such as Mirage Resorts and Alliance Gaming Corp. It also alleges that Gluck was prepared to use defensive measures to "ward off competing offers." The plaintiffs' chances may have been approved by a court ruling in a similar case last December. Paramount Communications was forced to consider a hostile offer from QVC after shareholders sued to block a friendly merger between it and Viacom. "The court sent a loud warning to corporate managers that they cannot let personal preferences govern their decisions." Meanwhile, the SEC is examining trading in Caesars' stock, which rose "noticeably higher in advance of Monday's takeover offer" (Cindy Krischer Goodman, MIAMI HERALD, 12/22). THE GAMBLING PROBLEM: Because ITT is expected to become co- owner of the Knicks and Rangers, the NHL and NBA will probably require ITT to ban betting on their games once ITT officially gains control of both Caesars and the two teams. ITT spokesperson Jim Gallagher: "The leagues have their rules and we have publicly said we will do whatever we have to do to own both" teams (Kenneth Gilpin, N.Y. TIMES, 12/22). In New York, Dave Anderson notes that one solution would have ITT selling off the two teams: "Casino owners catering to high rollers shouldn't also be team owners. ... Too much suspicion. Too much temptation. Sports has enough worries about gambling" (N.Y. TIMES, 12/22). -
RAPTORS GO 2 FOR 2: FRESH OFF TICKET SALES, ARENA DEAL DONE
The Raptors announced yesterday that not only did they surpass the NBA minimum of 12,500 season-tickets, but also that they "firmed up" their plans for a new arena. The team reached an agreement "in principal on basic business terms" with Canada Post on a downtown site, just blocks away from SkyDome. The Raptors will reportedly pay $30M up front, and $1.5M per year for the next 20 years to develop a four-acre parcel of land for their 22,000 seat stadium. Payments would increase if the Raptors bring in new tenants, such as a hockey team. The team faced a league-mandated deadline of December 31 to finalize its arena plans, and the annoucements yesterday marked a big day for the Raptors. Raptors Stadium Director Jay Cross said many obstacles remained, but he was hopeful that "arrangements should be in place by next summer, with construction to start in the fall" (Bill Harris, TORONTO SUN, 12/22). The site, "nestled beside the heavily travelled Gardiner Expressway, has high billboard value." The team is expected to sell name rights to a corporate buyer who could become a "fixture on the skyline" (James Christie, Toronto GLOBE & MAIL, 12/22). TICKETS: Raptors President John Bitove announced that the team received deposits on 15,127 season-tickets, well over the 12,500 mark. As reported yesterday, the team received a large boost for Shoppers Drug Mart who purchased up to 4,250 tickets (Chris Young, TORONTO STAR, 12/22). -
SAVE THE RAMS PLOTS NEW STRATEGY TO KEEP TEAM
Save the Rams, the civic group trying to keep the Rams in the L.A. area, will hold a news conference today to announce their plans to fight the team's rumored move to St. Louis. Save the Rams believes the team is about to sign a lease with St. Louis, and will launch an "all-out lobbying assault on NFL owners and Commissioner Paul Tagliabue in an effort to secure the eight league votes necessary to block the move." Save the Rams Co- Chair Leigh Steinberg: "We're going to give a progress report on where we think the battle goes from here. This is going to be Phase Two." The group may call on CA Gov. Pete Wilson, U.S. Senators Barbara Boxer and Dianne Feinstein, and former baseball commissioner Peter Ueberroth to "persuade owners that Orange County can support the Rams and deliver on a package that would make them financially competitive" (Mike DiGiovanna, L.A. TIMES, 12/22). Bob Glauber of THE SPORTING NEWS writes on the implications of pro football leaving the L.A. market. Glauber calls a Rams move "bad news for the business of pro football," and noting the potential loss of the Raiders as well, he adds that "franchise stability is paramount to any sports league's success. ... Not only do you remove football from an area that has had an NFL team for nearly half a century, but you remove a product from a major population center, something that can result in a loss of significant revenue" (THE SPORTING NEWS, 12/26 issue).
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TAMPA LEADERS FEAR THE GRINCH WHO MIGHT STEAL THE BUCS
Political and business leaders in Tampa unveiled a "radical plan" on Wednesday, pledging public money to guarantee ticket sales to help put 55,000 fans in the stands for every Bucs home game over the next two years. The leaders hope the guarantee sends a "strong signal to investor groups concerned about paying a near-record price to buy the Bucs and keep them in town." Tampa Mayor Sandy Freedman: "Our future will change drastically if this franchise moves out of this area." The "novel plan is the most daring step so far by a community fearful that Orioles Owner Peter Angelos will make good on his pledge to pay $200 million for the Bucs and move them to Baltimore" (Jeff Testerman, ST. PETERSBURG TIMES, 12/22). DETAILS: The City of Tampa and Hillsborough County would guarantee that 55,000 tickets would be sold at each home game unless attendance drops below 45,000. If that happens, they will guarantee the purchase of up to 10,000 tickets. Businesses would be the main contributor, and the "maximum exposure to taxpayers would be $2 million a year for two years." The guarantee would be paid through a reserve fund and a sales tax. The offer is being made only to new owners, not the trustees who currently run the team (Ken Koehn, TAMPA TRIBUNE, 12/22). According to THE SPORTS BUSINESS DAILY's "Turnstile Tracker," the Bucs currently averages 45,517 for the '94 season. REAX: Reaction by elected officials who will vote on the measure was mixed. Hillsborough County Commissioner Joe Chillura said the plan was premature, stating the team does not have owners yet: "This is analogous to an arranged wedding where one is not identified. ... We need to dance before we get engaged" (Ken Koehn, TAMPA TRIBUNE, 12/22). NEW BUYER? Orlando-based sports agent Robert Fraley met with team trustee Steve Story to state his interest in the Bucs. Fraley represents a group of Orlando-area investors who intend to keep the team in Tampa (TAMPA TRIBUNE, 12/22).




