New Bucks Owners Open To Local Investors Bettman Praises Shanahan's League Office Work Sources: Islanders Draw New Suitors Colts To Remain With Irsays Long Term Crosby Reclaims Top-Selling NHL Jersey Herb Kohl Sells Bucks For $550M Kohl Praised For Dedication To Milwaukee Arthur Blank, Atlanta Officially Awarded MLS Team Raptors Unveil New "We The North" Campaign NBA Kings Reaping Benefits Of New Owners
Upcoming Conferences and Events
DENVER WARNS QUEBEC NOT TO FLINCH OR ELSE NORDIQUES GONE?
Published May 11, 1995
Quebec Premier Jacques Parizeau will give details of his final offer to keep the Nordiques in Quebec today. But it is "quite possible Nordiques shareholders will by then have turned it down," and could accept the standing $75M offer for the team from Comsat Video Enterprises in Denver. In Denver, one unnamed Comsat spokesperson told the ROCKY MOUNTAIN NEWS: "If they flinch, it's ours" (Bill Beacon, CP/OTTAWA CITIZEN, 5/11). Radio Canada reported yesterday that the Quebec government has made an offer of $17M in cash and a promise to absorb $14M of the team's losses over the next two years (Toronto GLOBE & MAIL, 5/11). DARK HORSE TO LAND JETS OR NORDIQUES? The operators of Phoenix's America West Arena have signed an "exclusive agreement" with an "outside investment group" that is interested in bringing the NHL to Phoenix, according Bob McManaman in this morning's ARIZONA REPUBLIC. Brian Colangelo, president of Phoenix Area Sports, the operators of America West, said yesterday that arena officials "secured the deal a few months ago" with the NHL group. Colangelo would not identify the group, but he did tell the REPUBLIC that the group "has entertained discussions" with both the Jets and Nordiques and that they are "financially strong" and would represent "solid ownership." Colangelo: "They have the wherewithal to make it run. I know the NHL is very pleased with this group as it relates to them buying a potential franchise." Colangelo said neither Phoenix Area Sports, nor his father, Suns President and Diamondbacks' CEO Jerry Colangelo, want to invest in a hockey team. Colangelo: "We'd prefer to remain on a tenant- landlord relationship" (ARIZONA REPUBLIC, 5/11).