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).
    

    Print | Tags: Anheuser Busch, Edmonton Oilers, Franchises, New York Yankees, NFL, St. Louis Rams, Tampa Bay Buccaneers, YankeeNets
  • 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).
    

    Print | Tags: Franchises, Kansas City Chiefs
  • 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).
    

    Print | Tags: Franchises, MLB, Pittsburgh Pirates, San Diego Padres
  • 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.
    

    Print | Tags: LA Angels, Anaheim Sports, Franchises, NFL, St. Louis Rams, Walt Disney
  • 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).
    

    Print | Tags: Franchises, St. Louis Rams
  • 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).
    

    Print | Tags: AHL, Boston Bruins, Franchises
Video Powered By - Castfire CMS Powered By - Sitecore

Report a Bug