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THREE OF PIRATES' CURRENT OWNERS LOOK TO STAY ON BOARD

     "Just what do the mighty corporate owners of the Pirates
want?," asks Suzanne Elliot in the PITTSBURGH BUSINESS TIMES.
They have a "qualified buyer" in Adelphia Communications Chair
John Rigas, but with the Rigas sale still pending, three current
owners "want to retain their stake" in the team.  Businessman
Eugene Litman, Carnegie Mellon University and PNC Bank Corp. are
all willing to be a part of any ownership group that Rigas puts
together.  The three current owners would strengthen Rigas' bid
and reduce the amount of cash he would need to buy the team.  In
discussing the potential losses of the current ownership group
(six companies, a university and three private investors), Elliot
writes that Pirate ownership "wants their money back -- with
interest.  It doesn't seem to matter if their corporate images
are tarnished in their hometown."  (PITTSBURGH BUSINESS TIMES,
2/19 issue).
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