Weekend Plans With WNBA Sky's Michael Alter Ratner Confident In Isles Playing In Nassau Anticipation High For Griner's WNBA Debut ABC Looking For Indy 500 Ratings Uptick EA Used Tebow Name In NCAA Game Classified Advertisements Executive Transactions Mohegan Sun Not Getting NCAA Tourney Games Roc Nation Sports A "Legitimate Threat" Wild Raise Season-Ticket Prices
Sections
SBD/19/Franchises
Print All-
BUCS SALE MAY GET EARLY APPROVAL
The February 16 owners meeting in Dallas set up by NFL Commissioner Paul Tagliabue to discuss the Rams move may also be an opportunity for the league to vote on the sale of the Buccaneers to Malcolm Glazer. Glazer, who needs approval from 23 of the 30 team owners, was scheduled to go before the owners at their spring meeting in March, but with NFL approval he could be running the franchise as early as mid-February. NFL Dir of Communications Greg Aiello said that as long as the finance committee, which is headed by Oilers Owner Bud Adams, has finished their investigation of Glazer's bid, "it's conceivable" that the owners could vote on the Glazer offer in February (Nick Pugliese, TAMPA TRIBUNE, 1/19). STEINBRENNER SPEAKS: Yankees Owner George Steinbrenner, whose bid to buy the team was rejected, told the ST. PETERSBURG TIMES that he questions why Glazer needs an escape clause in the deal after two years if he is committed to keeping the Bucs in town. Steinbrenner: "If you are going to be here forever and ever, why do you need an escape clause at all? The answer is you shouldn't." Steinbrenner also was concerned that the Glazer family was represented by Hill, Ward & Henderson, the same law firm that represents the team (Mult., 1/19). -
CHIEFS TO RAISE TICKET PRICES FOR '95 SEASON
The Chiefs raised ticket prices for '95. Club seats will increase $2.50 and all other seats will be raised $2.00. The average price for a ticket will be $31.09. Chiefs officials noted that season ticket prices remain in the lower one-third of the league (KANSAS CITY STAR, 1/18).
-
PIRATES HIRE INVESTMENT FIRM TO PUSH THROUGH SALE
The Pirates have hired an investment banking firm to sell the team. According to the AP, the team has grown "impatient with the lack of a firm offer" from prospective buyer and Adelphia Communications Owner John Rigas. The firm of Wertheim Schroeder has been hired to handle the sale (AP/USA TODAY, 1/19). The firm, which recently negotiated the sale of the Padres, will conduct all aspects of the sale, including future talks with the Rigas family. Under terms of a previous agreement, if Rigas does not complete the sale by January 29, the Pirates ownership group can sell the team to another buyer, including out of town interests. Pirates Chair Vincent Sarni: "Despite repeated request of the Rigas by current ownership, no proposal has been made to date." Rigas has not yet received approval by MLB to begin negotiating with the team, although he was authorized to submit a proposal. Rigas has made an informal offer of $80M, including $60M in debt assumption. Sarni: "The Rigas family has suggested some elements of a proposal, but those elements are quite incomplete" (Pirates).
-
THE DAY AFTER II: WITHER ANAHEIM?
"In a time when the meek inherit the league, Anaheim officials are wondering where they fit into this new world of pro football," writes Barbara Kingsley in this morning's ORANGE COUNTY REGISTER. If the Rams' move receives NFL approval, negotiations with other football teams, and even the Angels, are going to be more difficult. Anaheim City Manager Jim Ruth: "These people in St. Louis going out and promising the Rams the world did not help me in my negotiations with (Angels Owner) Jackie Autry." Robert Baade, an economics professor at Lake Forest (IL) College who has studied the economic impact of pro teams on cities, says if the Rams can leave Anaheim, the second- biggest market in the country, "any team could leave." Baade believes teams will put more and more financial demands on their cities in order to stay: "This move is putting the fear of god into a lot of cities" (ORANGE COUNTY REGISTER, 1/19). NFL Commissioner Paul Tagliabue has set up a special meeting of NFL owners for February 16 in Dallas to discuss the Rams relocation, and review all aspects of the move (Mult., 1/19). CLARIFICATION: Yesterday's interview with Michele Himmelberg of the ORGANGE COUNTY REGISTER should have stated that it is getting too hard for a city of Anaheim's size to stay in the professional sports market. -
THE DAY AFTER RAMS MOVE: MORE DETAILS ON DEAL
The agreement between the Rams and the city of St. Louis was released yesterday, and "contrary to popular belief about the 30- year lease, St. Louis didn't give the Rams everything," according to Mike DiGiovanna of the L.A. TIMES. Under the deal, the city will retain 25% of stadium advertising revenue, including the profitable naming rights to the domed facility. The Rams and Convention Commission are forming a marketing partnership that will handle advertising for the entire convention center, which could generate as much as $3M a year. That, "combined with the $500,000 a year the Rams must pay in rent and game-day expenses" should net the city about $2M annually. The Rams will also have to pay existing garages close to $40,000 a year for parking spaces near the stadium, and have agreed to share a percentage of revenue for stadium concessions. For more on the lease arrangement, see yesterday's SPORTS BUSINESS DAILY. The city will finance and build a Rams merchandise store next to the stadium and will also begin building additional luxury suites (Mike DiGiovanna, L.A. TIMES, 1/19). The ST. LOUIS POST-DISPATCH reports this morning that St. Louis is "legally committed to paying" for the Rams practice facility, and estimated the cost at close to $16M (Jo Mannies, ST. LOUIS POST-DISPATCH, 1/19). 436-RAMS -- THE HOTLINE: The campaign to sell "Personal Seat Licenses" (PSL's) is off to a "strong, if somewhat confusing, start." Phone problems caused delays, but FANS, Inc., the civic group managing PSL sales, said they issued up to 3,200 applications in the first 24 hours. Ten local banks have announced "financing programs" for seat licensing, and one prominent employer is letting employees buy licenses "through automatic payroll withdrawals" (Andre Mouchard, ORANGE COUNTY REGISTER, 1/19). MORE REAX: In Philadelphia, Bill Lyon writes: "This does not make St. Louis a bad city. Just a sucker, that's all" (PHILADELPHIA INQUIRER, 1/19). Dave Anderson of the N.Y. TIMES compares of Rams Owner Georgia Frontiere and team President John Shaw to "Bonnie and Clyde": "Instead of holding up banks, pro football's Bonnie and Clyde are holding up the taxpayers who financed the stadium" (N.Y. TIMES, 1/19). -
WILL THE ORR/TSONGAS TICKET BE A WINNER IN LOWELL?
Bruins great Bobby Orr and former U.S. Senator Paul Tsongas are trying to bring an American Hockey League franchise to Lowell, MA. The two, "who head a group of local investors," met with AHL officials before Tuesday's All-Star Game in Providence. Tsongas, who also hopes to bring minor league baseball to Lowell: "I think we proved we have our act together." The team would play in an 8,000 seat downtown arena that is scheduled to be completed in November '96. AHL President Dave Andrews: "With their group and the potential of the building, it's a terrific site for the league" (Todd Arthur, BOSTON GLOBE, 1/19).




