Cavs Owner Gilbert Unfazed By Luxury Tax Hornets Make Debut After Rebrand Blazers' Dynamic Pricing Highly Variable 49ers Go To Mobile Ticketing As Main Delivery Method MLB Franchise Notes Chiefs To Honor American Indian Heritage Month Sacramento Owners Make Expansion Pitch At MLS HQ NHL Panthers Hire Dir Of Analytics MLS Officially Shutters Chivas USA Hamm, Neely Added To Roma BOD
Upcoming Conferences and Events
PROVINCE TO FINALIZE PLAN TO SAVE THE NORDIQUES
Published May 5, 1995
The Quebec government will put together, over the next few days, a formal written offer to "bail out the financially strapped" Nordiques, according to today's GLOBE & MAIL. There were also signs yesterday that the province is "reluctantly bending to pressure" to open a casino in Quebec City to help finance the team and a new arena. Premier Jacques Parizeau, who has previously rejected the idea of a casino: "Will the money come from a casino, will it come from a lottery, will it come from taxes, will it come from the sales tax? That is not the Nordiques' problem." Parizeau said the government will make the final decision. The province's formal offer to help the team will "likely include" a demand that the government become a partial owner of the team. Parizeau's chief of staff said yesterday the government has also "informally proposed financing a smaller part of the club's annual deficit for the next two years," but included other conditions -- a caps on player salaries, as well as "solid guarantees" that the team can sell 100 luxury boxes at an annual cost of C$100,000/each. Whichever is accepted, "it seems clear" that Nordiques Owner Marcel Aubut will have a "price to pay" (Rheal Seguin, Toronto GLOBE & MAIL, 5/5).