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CFL ARGONAUTS REPORTEDLY TO BE PART OF ANY JAYS DEAL
Published June 15, 1995
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).