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  • CHEN TABBED AS POTENTIAL INVESTOR FOR ROUGH RIDERS

         Chicago Restauranteur Horn Chen is expected to make an offer
    for the Ottawa Rough Riders, just days after AL-based businessman
    Elliot Maisel declined to buy the team because of its large
    debts, according to this morning's OTTAWA CITIZEN.  The CFL is
    expected to drop a stipulation that was a part of the deal with
    Maisel that would keep the Riders in Ottawa for the next two
    years, but Chen is not expected to move the team right away.
    Meanwhile, Bruce Firestone, the team's current owner, said
    yesterday he faxed CFL Commissioner Larry Smith "details of a $2-
    million U.S. offer which involves moving the team to an
    undisclosed American city" (Don Campbell, OTTAWA CITIZEN, 3/3).
    

    Print | Tags: CFL, Franchises
  • RAMS UPDATE: SAVE THE RAMS PUTS IN LAST-DITCH EFFORT

         Leaders of Save the Rams met with NFL execs Wednesday "amid
    signs that the league won't rubber stamp" the team's move to St.
    Louis.  Anaheim City Manager Jim Ruth, local businessman Wayne
    Wedin and former Disneyland President Jack Lindquist met with the
    NFL's finance committee and discussed details of a local offer to
    keep the team in Southern CA.  Former Mariners Owner George
    Argyros reportedly is willing to buy the Rams from Georgia
    Frontiere if the team is "forced to stay" in Anaheim.  A vote on
    the move is expected to come at the NFL owners' annual meeting
    March 12-17 in Phoenix.  The team's use of funds from the sale of
    Permanent Seat Licenses could also be an issue at those meetings.
    NFL Dir of Communications Greg Aiello:  "Whether PSL money, in
    this case can be shared or not is a matter of debate within the
    league."  Under the NFL's revenue-sharing rules, teams may keep
    only 60% of money made from ticket sales.  The team is planning
    to keep all of the $60M raised through PSL sales in St. Louis.
    The league previously waived its share of PSL money from the
    Carolina Panthers.  The Panthers are using the $200M they raised
    to build a new stadium in Charlotte (Mouchard & Himmelberg,
    ORANGE COUNTY REGISTER, 3/2).
         LOWER-END PRICED OUT:  FANS Inc. announced its policy on the
    allocation of the nearly 74,000 applications it received for the
    46,000 seats available in the new St. Louis domed stadium.  All
    of the 11,700 applicants for the least expensive section -- $250
    PSL -- "are basically out of luck."  FANS used a "bumping
    process" that favored higher-priced applications.  The second or
    third choices of these applications took precedence over first
    choices for the lower priced PSLs.  FANS Inc.'s Thomas Eagleton:
    "There's nothing we can do about that.  We can't invent 28,000
    seats out of thin air" (Jim Thomas, ST. LOUIS POST-DISPATCH,
    3/3).
    

    Print | Tags: Franchises, NFL, Seattle Mariners, St. Louis Rams
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