Sources: Chargers Expected To Move To L.A. In '17 Yanks Set To Benefit From New MLB CBA Losing Revenue Sharing Could Cut A's Payroll More 'Canes Allowed To Withhold Some Financial Figures TFC Becoming MLS' Premier Franchise? Rockets Hire E-Sports Front Office Exec Orioles To Keep Season-Ticket Prices Flat Blackhawks Reward Fans For Watching At Bars A's Ballpark Talks To Pick Up Pace With New CBA? 76ers Postpone Game Due To Moisture On Court
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.