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BATTLE OVER CONTROL HOLDING JETS DEAL IN LIMBO
Published June 2, 1995
"Talks to keep the Jets in Winnipeg have turned into a battle over day-to-day control" over the team, writes John Douglas in this morning's WINNIPEG FREE PRESS. Douglas reports that former majority owner and President Barry Shenkarow, who is selling 42% of his share, wants to remain as president and governor for at least two years. Shenkarow will remain as the largest investor in the team -- at 11% --however, the new ownership has only offered him a seat on the Board. Shenkarow reportedly wants both titles, and "if he can't do both, he doesn't want to do either." Sources say that Shenkarow "told his partners yesterday that if he is seen as the obstacle to a deal keeping the Jets in Winnipeg, he would leave his shares in the hockey club but refuse any leadership role." NHL Commissioner Gary Bettman has already said he would not favor a sale without Shenkarow (WINNIPEG FREE PRESS, 6/2). Meanwhile, columnist Scott Taylor writes that fan interest is waning each day a deal is delayed (WINNIPEG FREE PRESS, 6/2).