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ROCKIES PARTNER MAY BE FORCED TO SELL HIS SHARE
Published February 17, 1995
Rockies limited partner Oren Benton, once viewed as one of the richest men in CO, personally owes creditors $400M and may have to sell his share in the team. Benton, who deals in uranium, was sued for failure to deliver $1M of uranium to an English utility and for his inability to pay some of his employees. Benton, who meets with creditors today, claimed that his problems would not affect the Rockies, and "another general partner of the team said Benton's nearly 25% interest would never be offered publicly for sale." Rockies General partner Charles Monfort said he and fellow Rockies partner Jerry McMorris would be able to purchase Benton's stake "if necessary." Benton's share is reportedly worth between $30M-40M. Benton's debts grew out of uranium trading (Alex Berenson, DENVER POST, 2/17).