SBD/6/Franchises

Print All
  • CFL POSSE RIDING OFF FOR MILWAUKEE?

         The only stumbling block for a move to Milwaukee by  the CFL
    Las Vegas Posse is a "suitable lease agreement" for use of
    Milwaukee County Stadium.  Real estate developer Marvin Fishman
    received word from Posse officials this week that "Milwaukee was
    the market it would prefer moving to permanently."  Fishman has
    been leading MIlwaukee's efforts to land a CFL team.  Posse Dir
    of Player Personnel Steve Arnold:  "With an urban population of
    1.4 million, enthusiastic football and corporate community, and a
    beautiful stadium, Milwaukee represents the perfect venue for a
    CFL team."  Arnold informed Fishman that the team must know by
    Tuesday whether a deal can be worked out with the Brewers, who
    control County Stadium.  Although the stadium's current layout is
    unsuitable for a CFL field, it is the area's best alternative.
    The team would have get the CFL or Brewers to agree to expand or
    modify dimension requirements (Bob Wolfley, MILWAUKEE JOURNAL,
    1/4).
    

    Print | Tags: CFL, Franchises, Milwaukee Brewers
  • HELLCAT HATH NO FURY, BUT CBA TEAM MAY HAVE INVESTORS

         CBA Commissioner Tom Valdiserri said yesterday he has spoken
    with "three substantial groups" that may invest in or buy the
    financially troubled Hartford Hellcats.  Hartford Sports &
    Entertainment Group, which owns the team, defaulted on a $1.25M
    loan on December 14, and lost $590,368 in '93 --their first year
    with the team.  Valdiserri would not comment on whether the
    bidders would move the team, but stressed that the league's "sole
    objective" is to keep the team in Hartford.  He also said that
    the other 15 owners in the league have offered to "help the
    Hartford group find an investor or assist the group in operating
    the Hellcats" (Roy Hasty, HARTFORD COURANT, 1/6).
    

    Print | Tags: Franchises
  • IHL TO ENTER ANOTHER NHL MARKET -- THIS TIME L.A.

         IHL San Diego Gulls President and Managing General Partner
    Fred Comrie announced he will move his IHL franchise to L.A. at
    the end of the season.  Comrie has signed a three-year lease to
    play in the L.A. Sports Arena, with an option for five more
    seasons.  Comrie had been saying for months that he "needed a way
    to stop the Gulls' financial bleeding," noting that the team was
    on its way to a fifth straight season of operating losses.  The
    Gulls are projected to lose around $1.2M this season, and
    averaged fewer than 5,000 fans a game -- ranking 16th out of 17
    IHL teams.  But yesterday, Comrie said his decision was based
    solely on the San Diego's unwillingness to guarantee "him an
    opportunity to play in the proposed new arena downtown."  IHL
    Commissioner Bob Ufer announced that there is still a chance that
    San Diego could field a team next year, and that he will meet
    with two groups interested in keeping hockey in San Diego (Jim
    Trotter, SAN DIEGO UNION-TRIBUNE, 1/6).
    

    Print | Tags: Franchises
  • WILD RUMORS FUEL DAY AS BUCS SALE REACHES NEW HEIGHTS

         It was a wild day of rumors and denials along One Buccaneer
    Place, as reports ranged from an impending sale to a number of
    bidders, to an all out suspension of the sale for a year.  What
    is known is that trustee Steve Story met in Baltimore with
    Orioles Owner Peter Angelos in "an unannounced negotiating
    session."  Angelos, who has been preparing a bid for several
    weeks, said he is not sure if he will submit one today or wait
    "until later," but added "We are working on it.  We're not
    sitting here doing nothing" (Jon Morgan, Baltimore SUN, 1/6).
    Story's meeting with Angelos came on the heels of a rumor that
    "swept through"  Hillsborough County that Angelos had a
    "handshake agreement" to buy the team for $217M and move it to
    Baltimore.  Angelos denied that rumor.  That led to speculation
    the trust would sell the team to the Tommy Shannon/Outback
    Steakhouse group.  Hugh Culverhouse, Jr. flew to Tampa from Miami
    also increased speculation that some deal "might be near."  Then,
    ESPN reported that Yankees Owner George Steinbrenner would make
    an offer of $164M to keep the team in Tampa. Steinbrenner's
    response: "You're kidding, right?"  Late in the afternoon, the
    trust announced that head coach Sam Wyche would continue as coach
    for next season, raising speculation that, because no offer was
    sufficient, the trust intended to take the team off the market.
    Tommy Shannon, who reiterated that his group's offer to buy the
    team was only good until Monday, added: "The Wyche announcement
    would lead me to believe the trust may keep the team."  Bruce
    Frey, a Chicago real-estate developer part of a Tampa group
    interested in the team, said of the Wyche announcement: "I don't
    understand it, unless they've determined to keep the team and
    retain Wyche" (Rick Stroud, ST. PETERSBURG TIMES, 1/6).
    

    Print | Tags: Baltimore Orioles, ESPN, Franchises, New York Yankees, Walt Disney, YankeeNets
Video Powered By - Castfire CMS Powered By - Sitecore

Report a Bug