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PITTSBURGH MAYOR "OUTRAGED" OVER VIRGINIA INTERLOPERS
Published March 16, 1995
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).