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ARISON IN COMPLETE CONTROL PROMISES CHANGES TO HEAT
Published February 14, 1995
The Arison family's $60M purchase of team shares owned by Billy Cunningham and Lewis Schaffel was approved by the NBA yesterday. The Arison family now holds 100% of the Florida Basketball Associates, Inc., with Micky Arison overseeing the family's interest in the team. Micky Arison met with the press yesterday where he promised "sweeping, across-the-board" changes: "I think virtually every area of the franchise has to change and I intend to do that." Arison's first mission is to "get people back to the arena." Arison said he would study the situation with the Miami Arena, a facility which NBA Commissioner David Stern said yesterday was "inadequate" for an NBA team "in the long run." Arison announced he would leave the business day-to-day operations to Heat VP Pauline Winick and make hiring a GM a "top priority" (Alex Marvez, MIAMI HERALD, 2/14). OTHER NBA NEWS: Stern "gave a positive" report on the progress of the Wolves sale, but reissued a warning that the league would move the franchise if local leaders miss an April 1 deadline on the buyout of the Target Center (Ray Richardson, ST. PAUL PIONEER PRESS, 2/14). The Board of Governors also approved the Knicks' ownership change.