SBD/15/Franchises

CFL ARGONAUTS REPORTEDLY TO BE PART OF ANY JAYS DEAL

     Any bidder planning to buy the Blue Jays from likely
Labatt's buyer Interbrew S.A., "will apparently have to play
football, too," according to Gary Picknell of the TORONTO SUN.
The C$190M price that Interbrew has put on the Blue Jays will
reportedly include the CFL Toronto Argonauts as well.  The
Belgian brewer has reportedly had some interested bidders,
including Orlando developer Norton Herrick.  Larry Tanenbaum, who
lost out to John Bitove in the bidding for a NBA expansion team
in Toronto, "acknowledged" yesterday he may be interested in
buying the Jays as well.  Interbrew's first priority is to sell
Labatt's broadcast holdings, since Canadian law puts restrictions
on foreign broadcast ownership.  Because of that, one source
predicted that Interbrew would not be in "a rush" to sell the
Jays.  The source:  "I would be surprised if [the team] was sold
before the end of the season.  By then, the baseball market
should definitely improve" (TORONTO SUN, 6/15).
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