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  • BASEBALL COMMITTEE TO VOTE ON RIGAS BID FOR PIRATES

         MLB's ownership committee is scheduled to vote today on
    whether to give John Rigas, Chair of Adelphia Communications
    Corp., preliminary approval to buy the Pirates.  Rigas needs such
    approval before he can negotiate with Pirates ownership, as it
    "signifies that the ownership committee believes Rigas would be a
    fit owner and has the financial resources to own and operate a
    ballclub."  Once approved, Rigas has until January 29 to reach a
    deal, the date when a "180-day option that gives the city first
    crack at finding a buyer expires."  After the 29th, owners of the
    Pirates can open up the sale to out-of-town buyers.  Although
    Rigas could be approved today, neither he nor the Pirates would
    speculate on when talks between the two sides would commence
    (Steve Halvonik, PITTSBURGH POST-GAZETTE, 1/23).
         PIRATES GUARANTEE ENJOYMENT:  The Pirates' "Guaranteed
    Offer" -- based on replacement players comprising the Pirates,
    and in effect through May 19 -- will allow any fan who purchases
    a ticket for games on May 20 and after and who is not satisfied
    with Pirates baseball through May 19 to receive a full refund for
    any remaining home games.  The offer will be in effect through
    May 19 unless a CBA is reached, or a "representative number of
    striking major leaguers return to play by that date."  Pirates VP
    Marketing Steve Greenberg said that 62% of full-season and 40%
    partial ticket holders have renewed so far:  "We're doing OK.
    Not great. Not bad" (PITTSBURGH POST-GAZETTE, 1/22).
    

    Print | Tags: Franchises, MLB, Pittsburgh Pirates
  • SCHOTT AND HOFFMAN CLOSE TO FINALIZING SALE FOR A'S

         The Haas family is close to selling the A's for an estimated
    $85M to a pair of Bay Area developers, according to a weekend
    report in the SAN FRANCISCO CHRONICLE.  Stephen Schott, President
    of the Citation Homes of Santa Clara, and Kenneth Hoffman, a part
    owner of the Seahawks, could complete a deal as soon as
    Wednesday, but details still need to be worked out with the
    Oakland City Council and the Alameda County Board of Supervisors.
    A's President Walter Haas:  "Yes, we are getting close."  One
    "stumbling block" is Schott and Hoffman's reported request that
    the city and county pay up to $25M in improvements to the Oakland
    Coliseum and give them more control over revenue from other
    events.  They are also asking for a larger percentage of the
    profits from parking, concessions, etc. (Matier & Ross, SAN
    FRANCISCO CHRONICLE, 1/21).  A source close to negotiations said
    city and county officials are "not averse to financing Coliseum
    upgrades," but will insist improvements would also accommodate
    football -- in hopes of luring the Raiders back to Coliseum.  The
    Haas family is also reportedly concerned about who would pay for
    expenses due to the baseball work stoppage.  The team has been on
    the market since May and set an asking price of $85M -- which
    some analysts say is as "much as $30M below the team's worth --
    to keep the team in Oakland" (Dennis Akizuki, SAN JOSE MERCURY
    NEWS, 1/22).
    

    Print | Tags: Franchises, Oakland Athletics, Oakland Raiders, Seattle Seahawks, Vulcan Ventures
  • STATE OF CONNECTICUT TAKES CONTROL OF ARENA COYOTES

         The Connecticut Development Authority, "seeking to protect
    its investment in the Connecticut Coyotes, has assumed ownership"
    of the Arena Football team from the Hartford Sports and
    Entertainment Group (HSEG).  According to Joseph Cohen, a
    spokesperson for the Authority, the state will take over the
    franchise with "an intent" to sell the team, and "to preserve to
    value of the Coyotes and the franchise." Cohen said the Authority
    hopes to sell the team to Hartford investors, and plans on
    keeping the Coyotes in CT.  The team is scheduled to being play
    in May at the Hartford Civic Center (Roy Hasty, HARTFORD COURANT,
    1/23).
    

    Print | Tags: Franchises, Arizona Coyotes
  • WHO SAYS THE RAMS MOVE IS A SURE THING

         The Rams move may not be a "done deal," writes Will
    McDonough of the BOSTON GLOBE.  McDonough quotes one anonymous
    owner who told him "there is no doubt the majority will vote in
    favor of the move," but that there are some team owners "who want
    to see and hear more before we give it a yea."  The owner told
    McDonough: "The first thing some of us will want to know is if
    this move is within the rules of the league for moving.  Then we
    want to know the financial deal.  Are the rest of us getting what
    we are supposed to be getting out of the gate (as the visiting
    team in St. Louis) or is money being sidetracked somewhere else
    so they do not have to share it?  If everything is on the up and
    up, they will get the vote" (BOSTON GLOBE, 1/22).
         "THE RAMPAGE IS ON":  D'Arcy, Masius Benton & Bowles is
    handling P.R. for the Rams' Personal Seat License campaign.
    Since the announcement of the move, "a major print and broadcast
    ad campaign" promoting the PSL sale under the theme, "The Rampage
    is On" (ST. LOUIS POST-DISPATCH, 1/23).
    

    Print | Tags: Franchises, St. Louis Rams
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