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JETS, NORDS PLAY WAITING GAME; NEW OWNERSHIP IN L.A.?
Published May 12, 1995
As negotiations on the Jets sale continue, MN Gov. Arne Carlson yesterday released the first details of a plan to buy the team, saying the state will spend no more than $15M. Because it is "widely assumed" that MN will not get the Jets without state support, Carlson's announcement indicated an agreement in principle between Jets Owner Barry Shenkarow and a buyer -- most likely healthcare entrepreneur Richard Burke -- "is close." Carlson said that Shenkarow should agree to a tentative purchase offer Friday if MN lawmakers are to have enough time to act. Wolves Owner Glen Taylor: "It's a matter of an owner who's trying to get the best price. As long as he thinks there's more than one party, why would he settle if he thinks he can get a better deal" (AP/WINNIPEG FREE PRESS, 5/12). Carlson accused NHL Commissioner Gary Bettman of trying to boost the price for the Jets to a minimum of $70M, and declared that he is not prepared to "do the deal at all costs." NHL VP of PR Arthur Pincus: "We don't know what the governor is talking about." The Nederlander family is "apparently out of the bidding" (McGrath & Weiner, Minneapolis STAR TRIBUNE, 5/12). MUSICAL FRANCHISES UPDATE: Winnipeg media mogul Izzy Asper "appears to be involved in last- ditch attempts" to save the Jets (WINNIPEG FREE PRESS, 5/12)....Quebec Premier Jacques Parizeau agreed to a request by the Nordiques to delay a decision on the team's future. Co-Owner Marcel Aubut and other shareholders continue negotiations on the government's offer to keep the team from moving (TORONTO STAR, 5/12)....Also in Toronto, Bob McKenzie suggests that the current ownership of the Kings will change. According to McKenzie, there is a "big-money group (no name yet, although it's said to have railroad ties)" negotiating to buy the team. McKenzie also mentions Penguins Owner Howard Baldwin and Rangers GM Neil Smith as names that "keep popping up" as potential owners (TORONTO STAR, 5/12)....The Nashville Metro Council is set to vote next Tuesday on Mayor Phil Bredesen's financial package to lure the Devils. The TENNESSEAN's lead editorial yesterday: "There's a term for what Mayor Phil Bredesen is trying to accomplish ... It's called progress" (Nashville TENNESSEAN, 5/10).