Herb Kohl Sells Bucks For $550M Kohl Praised For Dedication To Milwaukee Arthur Blank, Atlanta Officially Awarded MLS Team Raptors Unveil New "We The North" Campaign NBA Kings Reaping Benefits Of New Owners Franchise Notes Bruins, Celtics Headed In Opposite Directions How Key NBA Storylines Played Out This Year NBA Franchise Notes Mariners Financials Strong Despite Play
Upcoming Conferences and Events
PIRATES OWNERS DELAY RIGAS' OFFER; WANT BIDS FROM VA GROUPS
Published March 15, 1995
In an action delaying a vote on Adelphia Communications Chair John Rigas' bid for the Pirates, Wertheim Schroeder, the investment bank handling the sale of the franschie, is trying to "pry offers" from both Northern VA groups interested in acquiring the team. One of those groups, Virginia Baseball led by William Collins (favored to get expansion in the next round), wants to move the team to the DC suburbs. Homestead Baseball, led by Robert Johnson and affiliated with Capital Baseball -- another group seeking an expansion team -- has said they would keep the team in Pittsburgh. Pittsburgh City Councilmember Dan Cohen: "It's outrageous and offensive to all Pittsburghers for the owners to have any discussions at all with people who would move the team out of Pittsburgh." The Council has introduced a resolution demanding that Pittsburgh Mayor Tom Murphy "appoint one or two council members to participate in all talks pertaining to the sale." Murphy selected Rigas as his choice to buy the Pirates last November (Steve Halvonik, PITTSBURGH POST-GAZETTE, 3/15).