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SCHOTT, HOFMANN MAY NOT BE AIMING FOR STRAIGHT A'S
Published April 11, 1995
The sale of the A's from the Haas family to the Ken Hofmann- Steve Schott group "may be perilously close to falling apart," according to Pedro Gomez in this morning's SACRAMENTO BEE. Gomez reports that MLB officials have not received the necessary legal paperwork from the Hofmann-Schott group to process the transaction, and baseball sources say "there is no way" the sale of the team can be approved by May, as both sides had predicted. Gomez notes that Hofmann, a S.F.-based developer, may be "unwilling to take a chance with baseball's uncertain economic future," and has "apparently backed off" because the end of the strike did not result in an agreement that would include revenue sharing between large and small market teams. Acting MLB Commissioner Bud Selig: "Given all the uncertainties in baseball, maybe they wanted to wait." A's CEO Walter Haas: "I don't have a crystal ball to speculate when the closing date might be. But we'll have an answer soon" (Pedro Gomez, SACRAMENTO BEE, 4/11).