Rams' Move To L.A. Unlikely For '15 Drake Continues Working On Raptors' Rebrand 49ers Cut McDonald Following Assault Probe Stars' Gaglardi Purchases Team's AHL Affiliate Franchise Notes White Sox' Tix Sales Spike Spurs More Moves Sharks On Verge Of 10th Straight Non-Sellout Kings' Ranadive Explains Role In Firing Malone AFL Pittsburgh Power Shut Down Bears' Leadership Under Fire
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).