SBD/20/Franchises

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  • COHAN OFFICIALLY ASSUMES OWNERSHIP OF WARRIORS

         The official transfer of ownership of the Warriors to cable
    TV exec Christopher Cohan was finalized on Thursday.  NBA owners
    had approved the sale by former owners Dan Finnane and Jim
    Fitzgerald on Tuesday, but the "official exchange was delayed"
    because Cohan had to restructure a bank loan to meet league
    requirements.  Cohan, a resident of San Francisco, first
    purchased 25% of the team in '91 for $21M and "reportedly paid
    $105M to take complete control of the franchise."  The day-to-day
    operations of the club will be handled by newly hired team
    President, Andy Dolich, former Exec VP of the A's (David Li,
    OAKLAND TRIBUNE, 1/20).
    

    Print | Tags: Franchises, Golden State Warriors, NBA, Oakland Athletics
  • EAGLETON "SURPRISED" BY NFL SPECIAL MEETING

         Former Senator Tom Eagleton, who heads FANS, Inc. -- the
    civic group negotiating the Rams' move to St. Louis -- was
    "caught off guard" by the announcement that NFL Commissioner Paul
    Tagliabue "wants to review all aspects of the Rams' relocation."
    Tagliabue has called for a special February 16 meeting in Dallas
    to review the move, and NFL owners are supposed to vote on the
    deal at their spring meetings in March.  Eagleton:  "Am I
    surprised?  Yes.  Am I downcast? No. I think when it is reviewed
    they will see that all the requirements and criteria that are
    needed for such a move the Rams have met" (Timothy Smith, N.Y.
    TIMES, 1/20).
         MORE SUITES: The Rams have asked FANS, Inc. to build 20 more
    luxury boxes in time for the stadium's opening in October,
    raising the number of luxury suites to 120.  Premium seat sales
    in St. Louis seem to be strong:  80 of the 120 suites are already
    spoken for.  FANS spokesperson Al Kerth said that FANS has
    commitments for 5,400 of the 6,388 club seats.  The deal with the
    Rams guarantees commitments   -- including a deposit and a signed
    contract -- of 6,000 club seats by mid-March (Robert Steyer, ST.
    LOUIS POST-DISPATCH, 1/20).
         MORE FALLOUT?  Angels Owner Jackie Autry warned that if
    attendance at Angels games does not pick up, the team could
    follow the Rams out of town: "It is time for Orange County to
    wake up.  If they don't the only team left in Anaheim may be a
    hockey club."  The N.Y. POST's Tom Keegan writes of Autry's
    remark: "Threatening fans in the midst of a work stoppage ...
    always adds such a nice public relations touch" (Tom Keegan, N.Y.
    POST, 1/20).
    

    Print | Tags: LA Angels, Anaheim Sports, Franchises, NFL, St. Louis Rams, Walt Disney
  • GLAZER'S SONS TO TAKE TO THE COMMUNITY

         New Bucs Owner Malcolm Glazer's two sons will play a large
    role in the team's community relations program in an effort to
    "sell the Bucs."  Byran, 30, and Joel, 28, will use their own
    experiences to help make the Bucs a success.  Joel Glazer: "We're
    fans.  We're coming at this from a different perspective because
    we've been sitting around in the stands for the last 25 years
    waiting in line for hot dogs and seeing the little things fans
    get annoyed with."  The two plans to push out into the community
    to "drum up a lot of support" for the franchise.  Joel: "We want
    people to see us.  Get to know us.  We think marketing is very,
    very important" (Nick Pugliese, TAMPA TRIBUNE, 1/20).
    

    Print | Tags: Franchises, Tampa Bay Buccaneers
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