Sources: Chargers Expected To Move To L.A. In '17 Yanks Set To Benefit From New MLB CBA Losing Revenue Sharing Could Cut A's Payroll More 'Canes Allowed To Withhold Some Financial Figures TFC Becoming MLS' Premier Franchise? Rockets Hire E-Sports Front Office Exec Orioles To Keep Season-Ticket Prices Flat Blackhawks Reward Fans For Watching At Bars A's Ballpark Talks To Pick Up Pace With New CBA? 76ers Postpone Game Due To Moisture On Court
SHENKAROW SAYS THAT JETS DEAL TO MN COULD COME TODAY
Published May 10, 1995
Jets Owner Barry Shenkarow told the WINNIPEG FREE PRESS that a sale of his team to MN-based investors would be announced today. The sale price was expected to be in the $65M range. In Minneapolis, health care entrepreneur Richard Burke said an announcement of the sale was "reasonably imminent." Dana Warg, Manager of the Target Center: "The offer was made on Saturday. I don't know exactly when the deal will be announced, but I know it's close." One "hurdle" was cleared yesterday when the Minnesota Sports Facilities Commission recommended to the MN State Legislature that is pass a funding package to help buy the franchise. That is expected to be worth $10-$20M and could be passed by the end of the week. Burke: "It's down to haggling now" (Scott Taylor, WINNIPEG FREE PRESS, 5/10). CFL and IHL franchise Owner Horn Chen reportedly submitted a bid to purchase the team and move them to Hamilton. Chen and his group of investors reportedly offered $65M to Shenkarow with another $25M "targeted" for the Maple Leafs for territorial rights (Gary Picknell, TORONTO SUN, 5/10).