Moore Praised For Work With Royals Steward Hiring Moves Minorities Forward White Sox' Attendance Lowest Since '99 Brewers Face Challenge In Getting Fans Back For '15 MLB Franchise Notes Suns Owner Sarver Enters 10th Season NBA Franchise Notes D-Backs Hire Dave Stewart, De Jon Watson Tickets Up Big For Yanks-Sox, Jeter Farewell Clippers Will Be Microsoft Loyal Under Ballmer
Upcoming Conferences and Events
HEAT SALE CLOSE TO CONCLUSION
Published January 27, 1995
"A deal to wrest control of the Heat from partners Lewis Schaffel and Billy Cunningham is on the verge of being completed," according to this morning's MIAMI HERALD. The deal, brought together by Micky Arison, whose family owns the majority of the team, would allow the five remaining limited partners to buy out Schaffel and Cunningham. Arison's attempts to reach an agreement have been impeded by a lawsuit filed by Whit Hudson, who tried unsuccessfully to purchase managing control of the team for $60M. One source close to Hudson said that "Hudson's motivation now is to assist Micky Arison to straighten out the team's confused management structure." Hudson: "Our lawsuit is still in place, but we've been talking to the Arisons to try and get something settled" (Reed & Marvez, MIAMI HERALD, 1/27).