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LABATT MAY HAVE NEW PARTNERS IN SPORTS BY SUMMER
Published April 4, 1995
John Labatt Ltd., "buoyed by the end of the baseball strike, may have new partners for some of its sports businesses by early summer," according to Labatt President George Taylor. Taylor said the company is negotiating with "several parties" about the possibility of them investing in Labatt's sports assets, which include the Blue Jays, the SkyDome, CFL's Argonauts and TSN. Taylor said the company is talking with five or six U.S. firms and a larger number of Canadian companies about teaming up with Labatt in sports. Taylor noted that a foreign company can only own up to 20% of a Canadian broadcaster under current regulations. Taylor noted that the strike's end should help ink these deals sooner (Marina Strauss, Toronto GLOBE & MAIL, 4/4).