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D.C. MINORITY INVESTOR GROUP LOOKING TO BUY PIRATES
Published February 22, 1995
One of two DC-Northern VA groups seeking a MLB expansion franchise was one of four interested parties to meet with the Pirates' investment bank last week, according to this morning's PITTSBURGH POST-GAZETTE. Robert Johnson, a Northern VA shopping center developer and Donald Greene, a NY venture capitalist reportedly have pledged a combined $40M to Capital Baseball, which Capital Baseball President Bart Fisher now says includes 51% minority investors. Fisher said he met with Wertheim Schroeder officials last Thursday and "would give Pittsburgh a chance to keep the Pirates if his group bought the team." Fisher "is pitching" Capital Baseball's minority investors as an "attraction." Recently, both Jerry Reinsdorf, a member of MLB's ownership committee, and Acting Commissioner Bud Selig have said they prefer prospective ownership groups with minority partners. Capital Baseball is "running a distant second" to Virginia Baseball Club Inc. in an effort to bring a MLB expansion team to Northern VA. For more on MLB expansion, (Steve Halvonik, PITTSBURGH POST-GAZETTE, 2/22).