SBD/5/Franchises

POSSE'S RIDE IS OVER; VEGAS INVESTORS ASK FOR TOO MUCH

     CFL Commissioner Larry Smith announced that he was
suspending the Las Vegas Posse franchise for the '95 season,
leaving the league "with a cumbersome 13 teams, an unbalanced
schedule and a seeming credibility crisis," according to the
Baltimore SUN's Ken Murray.  The death of the Posse marks the
first failure of a U.S.-based CFL franchise, after repeated
efforts to place the team in Los Angeles, Mobile, AL, and
Jackson, MS, all failed.  Baltimore CFL owner Jim Speros says a
deal to sell the team to Northern VA investor William Collins and
move them to Jackson failed when the Posse's owners asked for an
additional $250,000 on top of the $1.8M sale price.  Speros adds
that the Vegas owners, Glenn Golenberg and Marshall Geller,
threatened a lawsuit when the league "talked about revoking the
publicly held franchise and awarding a new franchise to Collins
in Jackson."  Speros says the Posse's demise could be beneficial
for any U.S. TV-contract in the league's future:  "Some people
have said to me, 'It seems like minor league to go to
Mississippi.'  That's what I first thought too" (Baltimore SUN,
4/5).
     MONTREAL IN '96?  New Rough Riders owner Horn Chen has
acquired the rights to the Montreal market as part of his deal to
acquire the team and is negotiating to help put a CFL team there
for the '96 season.  Chen's intent is not to move the Riders, but
to "renew the team's rivalry" with Montreal, according to Chen
spokesperson Al Howell.  Former Riders president Phil Kershaw
will be assigned to redevelop the CFL market in Montreal (TORONTO
SUN, 4/4).
Return to top

Related Topics:

CFL, Franchises

Video Powered By - Castfire CMS Powered By - Sitecore

Report a Bug