SBD/8/Franchises

TWO MINNESOTA GROUPS TO BID FOR JETS THIS WEEK

     The two leading suitors for the Jets are expected to have
their offers in to Owner Barry Shenkarow this week, according to
this morning's Minneapolis STAR TRIBUNE.  While a group led by
health care entrepreneur Richard Burke "seems to have the
blessing" of NHL Commissioner Gary Bettman, representatives of
the Nederalander family, owner of theater and entertainment
interests and Yankees limited partners, have contacted
Timberwolves Owner Glen Taylor.  On Saturday, Taylor expressed a
renewed interest in getting involved in the Jets purchase.  The
team is expected to sell for between $60-70M, although the NHL
"wants to push the price as high as possible to set a standard
for future expansion franchise prices" (Jay Weiner, Minneapolis
STAR TRIBUNE, 5/8).
     ANOTHER LOOK:  Taylor's "review" of his options regarding
the Jets was based on the reported willingness of the MN
Legislature to supplement the financing needed to lure the team
by as much as $20M.  But on public aid, Taylor was quick to note:
"Just because it's there, it doesn't mean I'm going to do it"
(Minneapolis STAR TRIBUNE, 5/7).
     PUBLIC DOMAIN:  Weiner analyzes the state's role in the
purchase, writing that the suggestion of Metropolitan Sports
Facilities Commission Chair Harvey Savelkoul that the state money
go toward "contract rights" -- guarantees that the team won't
move -- "signals the advent of a new evolutionary stage in the
state's pro sports public policy."  Savelkoul sees "broad-based
ownership," perhaps a public stock offering in local teams as a
possibility, an idea shared by Taylor and Twins Owner Carl
Pohlad.  With a proposal to restructure Metrodome operations due
from Twins President Jerry Bell and Vikings President Roger
Headrick, and a possible Twins sale in the wake of a baseball
labor deal, Savelkoul foresees all four MN teams "linked under a
giant broad-based public -- not state -- ownership arrangement"
(Minneapolis STAR TRIBUNE, 5/7).  On Friday, MN Gov. Arne Carlson
endorsed the idea of public ownership and said it was his
intention to link the bonds for the team with the "Mighty Ducks
Bill" which would build youth rinks around the state.  NHL
sources said Bettman was "encouraged" by the state's position.
One NHL source:  "There's a difference between owning and running
a team, and owning an interest" (McGrath & Weiner, Minneapolis
STAR TRIBUNE, 5/6).
     CAUGHT IN THE JET WASH:  Winnipeg fans packed a ceremony
Saturday at Winnipeg Arena where the team's name and logo were
retired (WINNIPEG FREE PRESS, 5/7).... The IHL Minnesota Moose
want to establish a "working arrangement" with the Jets should
they move to the Target Center.  One scenario has the Jets
becoming the "Minnesota Moose" with the IHL "St. Paul Moose"
serving as the team's IHL affiliate.  Moose Co-Owner & President
Kevin MacLean:  "I never got into the hockey business to compete
with the NHL" (John Gilbert, Minneapolis STAR TRIBUNE, 5/6).
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