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NORTHERN VIRGINIA MINORITY INVESTOR MAKES BID FOR PIRATES
Published March 6, 1995
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).