Franchises

UEBERROTH COULD BUY INTO THE ANGELS, ACCORDING TO AUTRY

3.13.1995

     According to Angels Exec VP Jackie Autry, former MLB
Commissioner Peter Ueberroth may buy 25% of the Angels, with an
option to buy the remaining 75% upon the death of team owner Gene
Autry.  If the purchase is completed, Ueberroth would immediately
become managing general partner of the team.  Jackie Autry said a
price tag has not been set, but it is believed the Angels would
be valued at $125-135M if a deal to build a new $215M stadium is
finalized.  How soon a deal could be made will depend on
Ueberroth's analysis of the franchise, and how long it takes MLB
to check financial stability of Ueberroth and his investment
group (Michele Himmelberg, ORANGE COUNTY REGISTER, 3/10).

PREVIOUS SALE OF KNICKS/RANGERS COMPLETE; MSG'S FUTURE CLOUDY? NEXT WHAT IN THE DEVILS IS GOING ON?

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