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  • HALOS COULD FLOAT TO ANOTHER CITY IF ANAHEIM BALKS

         Negotiations between the Angels and City of Anaheim for a
    new stadium "have been put on the back-burner," according to this
    morning's L.A. TIMES.  Angels President Richard Brown said he
    continues to receive "feelers from other cities interested in
    attracting the team."  Brown said the Angels and the city are
    still about $4M a year in debt service apart on a deal for a
    $215M, 43,000-seat facility, which the team hopes build next to
    Anaheim Stadium by '99.  The team has asked the city for
    concessions in their current lease, which would let them retain
    more stadium revenue, but the city will only amend it if the team
    makes a long-term commitment to the new stadium.  Brown: "We
    still have plenty of time to reach an agreement to have a stadium
    ready for the 1999 season" (Mike DiGiovanna, L.A. TIMES, 4/27).
    

    Print | Tags: LA Angels, Anaheim Sports, Franchises, Walt Disney
  • RESULTS OF MANITOBA ELECTIONS ARE IN -- ARE JETS STAYING?

         As the May 1 deadline by Jets Owner Barry Shankerow to sell
    to a local owner approaches, officials in Winnipeg are scrambling
    to work a deal to keep the team in Manitoba.  Meanwhile, rumors
    are swirling from Minneapolis to Atlanta.
         ELECTION OPTIMISM:  On Tuesday, the Progressive Conservative
    party retained a majority in the Manitoba provincial elections,
    increasing the likelihood "that the NHL Jets would remain in
    Winnipeg and not bolt for Minnesota or other parts south,"
    according to Jay Weiner in the Minneapolis STAR-TRIBUNE.
    However, Weiner reports that "big problems" still must be
    resolved before the deadline, namely determining whether the
    government is willing to pay for a new arena, and if Manitoba
    Entertainment Complex (MEC), the group seeking to buy the team,
    has enough money to close a deal.  Jets officials told city
    leaders Tuesday that the NHL was "concerned" MEC might not be
    able to gain NHL approval because of lack of funds (Minneapolis
    STAR TRIBUNE, 4/26).
         FROM ABOVE:  NHL Commissioner Gary Bettman told David
    Shoalts in Toronto that the NHL "wants assurances" from local
    governments that the Jets will "remain healthy and in Winnipeg
    for a minimum of 10 years or it would have to look at moving the
    team."  Bettman was not specific, but "left the impression" that
    certain levels of luxury box seating and season tickets are key
    (Toronto GLOBE & MAIL, 4/27).
         MEC BUYOUT:  In Winnipeg, the FREE PRESS' John Douglas
    reports that MEC is willing to let the city and province "buy
    their way out" of their obligation to cover team losses in
    exchange for the governments' 36% share in the club -- estimated
    to be worth C$18M (WINNIPEG FREE PRESS, 4/27).
    

    Print | Tags: Franchises, New York Jets, NHL
  • WHAT A DIFFERENCE A DAY MAKES AS PIRATES WILL SELL TO RIGAS

          Pirates ownership made a "startling about face" yesterday
    and will try to sell the Pirates to Adelphia Communications Chair
    John Rigas by early May.  Reports as late as yesterday had team
    ownership contemplating taking the team off the market after
    Rigas refused to increase his $85.15M bid for the team.  But
    yesterday Pittsburgh Mayor Tom Murphy "changed the owners' mind"
    by promising an additional $7-8M in city-backed funding.  Team
    owners also found out at their quarterly meeting yesterday that
    the team "is nearly out of money and another loan backed
    personally by the owners was needed" to keep the team in
    business.  Pirates Chair Vincent Sarni: "We're very optimistic
    for an agreement within a week to 10 days" (WASHINGTON POST,
    4/27).
    

    Print | Tags: Franchises, Pittsburgh Pirates
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