Trump Declares Interest In Buying Bills Shanahan Officially On As Leafs President Communication Gap With Caps GM, Agents? Steve Koonin Named Hawks CEO Joe Dumars Won't Return As Pistons President Pacers' Success Translating Off The Court Magic's Attendance, TV Ratings Down Bills Prepare Portfolio For Potential Buyers Jets Conduct Focus Group To Gauge Fan Experience NHL Franchise Notes
Upcoming Conferences and Events
DEADLINE PASSES WITHOUT DECISION ON JETS: DEAL IN LIMBO
Published May 19, 1995
Yesterday's noon deadline for a local group to buy the Jets from Barry Shenkarow and keep them from moving to Minnesota came and went without a decision. Local buyer Izzy Asper released a statement suggesting "he was prepared to make an offer to purchase the team, and would have further details next week" (WINNIPEG FREE PRESS, 5/19). SHORT ON CASH: The Canadian Government failed to donate the C$37M Manitoba and Winnipeg officials had hoped they would to help fund a new C$111M arena for the team, instead contributing C$20M. However, local officials were optimistic the shortfall can be met, according to John Douglas in this morning's WINNIPEG FREE PRESS. Douglas reports that in addition to the C$17M shortfall for the arena, the C$110M needed from local buyer Izzy Asper and the community was still C$28M short (WINNIPEG FREE PRESS, 5/19). PLAYING FAVORITES? Yesterday's decision by the Federal Government to allocate funds for an arena created an uproar in Quebec, where the Nordiques have also threatened to leave if a new arena is not built. In this morning's GLOBE & MAIL, Stephen Brunt writes that Quebec's pro-separatist government will likely use this issue as another way to blame the Federal government, "just months before the referendum" on Quebec separation. Brunt notes, the issue "is another card to play, and it will be played if Canada sinks money into the Jets" (GLOBE & MAIL, 5/19). Canadian Prime Minister Jean Chretien denied charges of favoritism, noting that the federal infrastructure funds allocated to Manitoba for a new arena in Winnipeg had been used for a convention center by the province of Quebec (Hugh Windsor, GLOBE & MAIL, 5/19). MEANWHILE, IN MINNESOTA: MN businessman Richard Burke, in line to buy the Jets if the Winnipeg effort fails, allowed the deadline to pass "because of the intensity of the day and the potentially violent situation" in Winnipeg, where thousands gathered downtown to await word on the sale, according to the Minneapolis STAR-TRIBUNE. Jay Weiner writes it is "unclear if Burke's option to buy the team expired Thursday, or if Shenkarow simply pushed the purchase process into the future to calm feelings and give the political and business communities one more chance." Weiner also reports league officials were "semi mystified" by the days events (Minneapolis STAR-TRIBUNE, 5/19). STAR-TRIBUNE Columnist Tom Barreiro writes there are two reasons Burke did not demand a deal yesterday: "The first is that Burke does not want to come off as the cold, heartless franchise- robber, and figures that once it becomes obvious Winnipeg can't close the deal, then he'll be able to take the team anyway. The second, is that Burke, who has to know by now that it is no better than a long shot to get the [state] aid he wants...is no longer in a hurry to take the team" (5/19).