SBD/16/Franchises

PITTSBURGH MAYOR "OUTRAGED" OVER VIRGINIA INTERLOPERS

     Pittsburgh Mayor Tom Murphy said he is "outraged" by reports
that Wertheim Schroeder, the investment bank handling the sale of
the Pirates, is soliciting bids from groups interested in moving
the team.  Murphy:  "Investment bankers from New York have no
loyalty to Pittsburgh.  Their only allegiance is to the almighty
dollar and making as large a fee as possible on the sale of our
team."  Yesterday, the PITTSBURGH POST-GAZETTE reported that
Wertheim Schroeder was delaying a decision on an offer by
Pittsburgh-based Adelphia Communications Chair John Rigas to
allow other bidders to come forward, including Virginia Baseball,
a group interested in moving the team to the DC suburbs
(WASHINGTON TIMES, 3/16).
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Franchises, Pittsburgh Pirates

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