SBD/30/Franchises

NEW LABATT'S OWNER TAKES SIT AND WAIT STANCE WITH JAYS

     Belgian brewer Interbrew SA, which purchased Labatt's for
C$2.7B in July and promptly sold off the company's broadcast
properties, said yesterday they have not made a decision on
whether to sell the Blue Jays and Labatt's other sports holdings
-- thre CFL Argonauts and 40% of SkyDome.   Art Chamberlain
writes in this morning's TORONTO STAR that analysts expect
Interbrew to eventually sell the teams and the share in SkyDome,
and use the cash to "help pay back" money borrowed to purchase
Labatt.  Chamberlain notes that "the baseball strike and Jays on-
field woes have cut the price they would fetch."  The team was
estimated to be worth C$200M "at their peak" (TORONTO STAR,
8/30).
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