Foot Locker's Q4 Beats Expectations Penske Renews With Logano, Shell-Pennzoil Pimlico Report Calls For $300M Renovation MTS Centre Getting C$12M In Upgrades Crew Unveil New Gold Uniforms NASCAR Hopes Format Captures New Fans Alabama Football Program Nets $47M-Plus Profit MLB Giants Payroll To Top $200M For First Time As Top Stars Retire, Young Drivers Carry Hope FS1 Developing New TV Shows For Katie Nolan
Ken Griffey Jr.'s catch that resulted in wide praise and a broken wrist Friday could be disastrous for local efforts to pass a referendum in King County to build a new stadium for the Mariners, according to many reports. In this morning's N.Y. TIMES, Timothy Egan writes that with Griffey's injury "went many hopes for building a new stadium ... and maybe even for keeping major league baseball in the Pacific Northwest." Egan calls Griffey the "not-so-secret weapon" in supporters' fight to convince voters to approve a referendum on a tax for the new park (N.Y. TIMES, 5/31). In Denver, Tracy Ringolsby writes, "Baseball will recover, but will Seattle? This is a city that is on a baseball life support system" (ROCKY MOUNTAIN NEWS, 5/31). Hal Bodley calls Griffey's injury "devastating," and writes that "seldom has one player meant so much to so many aspects of the game" (USA TODAY, 5/31). In St. Louis, Bernie Miklasz calls Friday's event "one small catch for man, on giant leap backward for baseball" (ST. LOUIS POST-DISPATCH, 5/31). In Seattle, Laura Vescey profiles Orlando's Norton Herrick, who would be interested in moving the Mariners to Orlando. Vescey, on local support for the stadium referendum: "Joe Namath had more support wearing those women's stockings than the proposal for the Mariners' new stadium has received so far in Seattle" (SEATTLE POST- INTELLIGENCER, 5/28).
Onex Corp. said yesterday they may be forced to lower their C$24 a share offer for John Labatt Ltd. should the brewer proceed with a "reorganization" of The Sports Network that would burden any purchaser not approved by Labatt officials with a C$150M tax liability. Under the reorganization, TSN would be broken out into a separate ownership structure. Onex claims Labatt created the scenario after rumors of a takeover bid. Onex CEO Gerry Schwartz: "Labatt management has adopted a 'scorched earth approach. Instead of showing us information that might let us raise our price, they have created a reason for us to reduce our price." One source close to Labatt told the FINANCIAL POST that "the company could move the broadcast assets into their formal ownership structure at its discretion." The source: "It's a C$150-million tax liability the black knight would get tagged with that a white knight wouldn't." Meanwhile, Labatt's Board released a circular yesterday giving 11 reasons shareholders should not "tender to Onex's play for the company" (Paul Brent, FINANCIAL POST, 5/31). Onex may have to lower their bid by up to C$1.60 a share (Marina Strauss, Toronto GLOBE & MAIL, 5/31). In Toronto, Labatt's possible breakup has columnist Bob Elliott wondering to whom the Jays may be sold. Elliott suggests that a candidate step up and buy the ballclub from Labatt before the brewer is sold (TORONTO SUN, 5/31).
Raiders officials toured the Oakland Coliseum yesterday "examining the details" of the $85M proposal by Oakland to upgrade the facility for football, according to this morning's OAKLAND TRIBUNE. David Li and Dave Newhouse report that the plan would increase football seating to 65,000 and require the team to sign a 16-year lease. Raiders Owner Al Davis was not among the Raiders contingent. Coliseum President George Vukasin: "The officials are here just to get a better focus on what's happening here" (OAKLAND TRIBUNE, 5/31). In San Francisco, columnist Art Spander advises in dealing with Davis: "Rule No. 1: Al Davis would dare to do anything, not that this means he would be leaning toward Oakland over the 'mortal lock' in Southern California. Rule No. 2: When you think you know everything, refer to Rule No. 1" (S.F. EXAMINER, 5/30). OAKLAND BELIEVERS: BOSTON GLOBE columnist Will McDonough thinks the chances are "60-40" that Davis will leave L.A. and return to Oakland. McDonough believes that the $20M a year Davis stands to make in Oakland, or possibly Baltimore -- before Hollywood Park is built -- will pull the Raiders out of L.A. ESPN's Chris Mortensen: "I think the Oakland move is more of an option than people think. At the league meetings I was told that Oakland has a very sweet offer." However, Mortensen says, "in the end," he believes Davis will stay (Rudy Martzke, USA TODAY, 5/31). In Seattle, where Seahawks Owner Ken Behring reportedly is interested in joining Davis in L.A., columnist Art Thiel agrees Davis could leavel: "If he finds a city as shameless as St. Louis -- Oakland, Baltimore, San Antonio, Memphis and Toronto would make that list -- he will leave and create a second void that would have owners selling their children wholesale to get to L.A." (SEATTLE POST-INTELLIGENCER, 5/31). NOBODY WALKS ON L.A.? The Raiders' potential deal at and Hollywood Park leads this week's "Scorecard" in SI. "In its desperation to retain at least one franchise in the nation's second-largest TV market," SI states, "the NFL is buying into a fantasy that owes a lot more to 'Field of Dreams' than to what passes for real life, even in Los Angeles." The magazine proposes that building a winner is more important in L.A. than a nice stadium (SI, 6/5 issue).