Wild Raise Season-Ticket Prices NYC FC Hires Claudio Reyna As Football Dir Haslam Apologizes To NFL Owners LeBron James Leads NBA In Shoe Sales Kings Seeing High Demand For Season Tix NHL Franchise Notes NYC FC Owners Still Hopeful On Queens Stadium NYC FC Key To Building Man City Brand Leiweke Seeks To Make Raptors Canada's Team Bobcats Apply For Hornets Name Change
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).