SBD/6/Franchises

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  • ESPN CITES KINGS' MONEY WOES; ARE THEY READY TO BUSS A MOVE?

         ESPN's Keith Olbermann reported that Lakers Owner Dr. Jerry
    Buss has paid "at least a large portion" of the Kings' last three
    payrolls.  "Several sources close to the Kings' financial
    situation confirmed Buss' contributions but one suggested that
    this does not mean that new owners Jeffrey Sudikoff and Joseph
    Cohen are in serious financial troubles" ("SportsCenter," ESPN,
    3/5).
    

    Print | Tags: ESPN, Franchises, Los Angeles Lakers, Walt Disney
  • FLAMES' CLUB SEATS NEXT YEAR TO DISPLACE TICKET HOLDERS

         The Flames are launching a campaign to "salve" and "quel"
    the anger of season ticket-holders who will be displaced by
    renovations at the Calgary Saddledome, desgined to give the
    Flames 1,400 new club seats.  1,600 season-ticket holders will be
    displaced in the move, which will also include a 22% increase on
    tickets throughout the facility.  Flames President Bill Hay:
    "It's simple.  With our costs so high, we need this revenue.  We
    need this to survive" (Tom Keyser, CALGARY HERALD, 3/4).
    

    Print | Tags: Calgary Flames, Franchises
  • IF RAMS ARE WORRIED ABOUT NFL APPROVAL, IT DOESN'T SHOW

         While there is speculation that NFL owners may make the Rams
    "sweat a bit" before approving the move to St. Louis, the team is
    showing no signs they are worried about getting the 23 necessary
    votes.  Last week, the Rams gave the Angels approval to sell
    luxury boxes at Anaheim Stadium -- boxes they previously
    controlled before waving their rights. In St. Louis, Bernie
    Miklasz asks, "Does that sound like the Rams are concerned about
    getting the go-ahead to move?" (ST. LOUIS POST-DISPATCH, 3/4).
    But in Atlanta, Len Pasquarelli reports it is the owners' "desire
    to share" the $60M the team will receive from the sale of PSLs
    that may make the vote tight (ATLANTA CONSTITUTION, 3/5).
    Eagleton stressed that PSL money would not be shared:  "There's
    no rule for it to go to the league.  The precedent is to the
    contrary.  The Charlotte PSL money went to Charlotte.  It did not
    go to the league."  Eagleton added that the team, not FANS, will
    pay a relocation fee (Jim Thomas, ST. LOUIS POST-DISPATCH, 3/5).
    

    Print | Tags: LA Angels, Anaheim Sports, Franchises, NFL, St. Louis Rams, Walt Disney
  • NORTHERN VIRGINIA MINORITY INVESTOR MAKES BID FOR PIRATES

         Homestead Baseball, a group of African-American investors
    headed by Herndon, VA, venture capitalist Robert Johnson, has
    made a $100M bid to buy the Pirates, according to this morning's
    WASHINGTON TIMES.  Johnson and Homestead Baseball are also the
    majority investors in Capital Baseball, one of two Northern VA
    groups under consideration for an expansion franchise.  Johnson
    said Homestead Baseball is still "involved and committed" in
    Capital Baseball's expansion effort, but that Capital is not part
    of the group trying to buy the Pirates.  Johnson: "Our
    relationship with Capital Baseball is for expansion only.
    Homestead Baseball is an independent entity and always has been"
    (Thom Loverro, WASHINGTON TIMES, 3/6).  In Pittsburgh, Suzanne
    Elliott reports that city officials "have dismissed" the VA
    group's interest in the Pirates (PITTSBURGH BUSINESS TIMES, 3/5).
    

    Print | Tags: Franchises, Pittsburgh Pirates
  • VANCOUVER'S GRIFFITHS DIPPING IN THE RED?

         Grizzlies/Canucks owner Arthur Griffiths may be having "cash
    flow problems," according to William Houston of the Toronto GLOBE
    & MAIL.  Griffiths owes the NBA $112M for the Grizzlies'
    franchise fee (payable once there is a CBA with the players), and
    his new C$160M arena, GM Place, is rumored to be at least C$30M
    over budget.  The Canucks are no longer paying interest on the
    amount they owe ticket holders due to missed lockout games, but
    "seem in no hurry to return the funds."  Ticket holders have the
    option of leaving their funds with the team and using the funds
    for playoff tickets.  The opening of a new sporting goods store
    at the arena has also been delayed, and a buying trip for the
    store was cancelled because the team "didn't have" the C$400,000
    needed for stock orders (Toronto GLOBE & MAIL, 3/4).
    

    Print | Tags: Franchises, NBA, Canucks Sports and Entertainment, Vancouver Canucks
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