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QUEBEC PREMIER TO OFFER PROVINCE HAVE MINORITY ROLE IN NORDS
Published May 8, 1995
The Quebec government is expected to announce tomorrow that it become a minority shareholder in the Nordiques, "picking up the team's deficit for the next two years to see if it is feasible to keep the team in Quebec," according to the Toronto GLOBE & MAIL. Quebec Premier Jacques Parizeau said Friday that the government would not object to covering C$7M of the team's expected C$10M in losses over the next two years "because it would enable the government to determine whether the Nordiques could survive if the government built them a new $120 million sports complex to replace the aging Colisee." Nordiques Owner Marcel Aubut has rejected any notion of the government acquiring an interest (Richard Mackie, Toronto GLOBE & MAIL, 5/6). PROVINCIAL INTRIGUE: Parizeau's proposal "has put Aubut on the defensive," according to the TORONTO STAR's Robert McKenzie. While Aubut has set a May 15 deadline, Quebec officials are eyeing June 16, the day when the host of the 2002 Winter Games is announced. Should Quebec win the bid, the government would have an "iron-clad pretext" to build a new arena (TORONTO STAR, 5/6). Also in Toronto, Stephen Brunt writes the Jets' departure make the Nordiques' position "just a little bit stronger. If one team can move, any team can move" (Toronto GLOBE & MAIL, 5/6).