SBD/7/Franchises

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  • EXECUTIVES ANNOUNCED FOR BULLETS/CAPS REORGANIZATION

         With the formation of Washington Sports to oversee all
    aspects of sales, communications and community relations for the
    Bullets and Capitals, Bullets and Capitals Owner Abe Pollin as
    expected appointed Susan O'Malley President of Washington Sports
    and Wes Unseld Exec VP.  Others assigned dual roles with both
    teams through Washington Sports include VP Community Relations
    and Game Operations Judy Holland, VP of Sales Rick Moreland, VP
    of Communications Matt Williams, and Exec Dir of Customer Service
    Rhonda Ballute (CAPITALS).
         CAPS CRY FOUL: Richard Justice writes in the WASHINGTON POST
    that with the changes, several Capitals employees either lost
    their jobs or had their responsibilities "dramatically reduced."
    According to one former employee, the Bullets ran up attendance
    figures by padding their numbers and selling hundreds of heavily
    discounted tickets.  The employee said, "The Capitals had higher
    gross ticket revenues than the Bullets, and we're the ones who've
    done a poor job?"  Capitals GM David Poile admitted "When you
    make so many changes, there'll be some growing pains" (WASHINGTON
    POST, 8/5).
    

    Print | Tags: Franchises, Washington Capitals
  • MONDAY, MONDAY: DAVIS TO MAKE RAIDERS RETURN OFFICIAL

         Raiders Owner Al Davis is scheduled to sign an agreement
    with the city of Oakland and Alameda County at the Coliseum this
    afternoon that will make the team's return from L.A. official.
    Those expected to participate in the signing ceremony include
    Oakland Mayor Elihu Harris, Coliseum President George Vukasin and
    Alameda County Board of Supervisors President Gail Steele (Bruce
    Adams, San Francisco EXAMINER, 8/5).  At a press conference after
    the ceremony, Davis may "shed some light" on his reaction to the
    NFL's decision requiring him to share a "larger-than-expected"
    portion of premium seat revenue with other teams, according to
    Sandy Kleffman in the SAN JOSE MERCURY NEWS (SAN JOSE MERCURY
    NEWS, 8/5).
         TICKET NEWS: Kleffman reports "sluggish" ticket sales for
    Raiders exhibition games have caused Coliseum officials to
    "launch a last-minute advertising blitz."  In addition, they will
    allow fans to buy tickets for just the August 12 game in Oakland
    against the Rams, rather than having to buy a package that
    included an August 25 game against the Patriots at Stanford
    Stadium (SAN JOSE MERCURY NEWS, 8/5).
    

    Print | Tags: Franchises, New England Patriots, NFL, Oakland Raiders, St. Louis Rams
  • PIRATES' SALE MAY BE DELAYED UNTIL THE OFFSEASON

         Pittsburgh Mayor Tom Murphy said Friday the Pirates may not
    be sold until the offseason.  Murphy believes both Kevin
    McClatchy, the California newspaper heir who met with Pirates
    officials for the third time this week, and Adelphia Cable Chair
    John Rigas are thought to be delaying action on the purchase of
    the team because of "baseball's unsettled economic climate."
    McClatchy did not make a formal offer during his last round of
    talks, but hinted one could be forthcoming.  NL President Len
    Coleman sate with McClatchy during the Pirates game on Thursday,
    "touching off speculation that Coleman was trying to convince
    McClatchy to make a bid" (AP/Minneapolis STAR TRIBUNE, 8/5).
    

    Print | Tags: Franchises, Pittsburgh Pirates
  • TWO FIRMS USED AS COLLATERAL IN BUCS SALE

         Documents filed Thursday show that Bucs Owner Malcolm Glazer
    "borrowed heavily against his ownership stake in two companies to
    raise money" for his purchase of the team, according to Rex
    Henderson of the TAMPA TRIBUNE.  Glazer pledged his stock in
    Specialty Equipment Cos. Inc. and Houlihan Restaurants Inc. as
    collateral to borrow $66M from three banks.  The documents also
    show he got access to another $20M in unsecured loans through the
    same transaction.  NFL rules allow owners to borrow $50M with the
    team as collateral.  But the league "imposes no rules about how
    the owners raise the rest of the purchase price" (TAMPA TRIBUNE,
    8/5).
    

    Print | Tags: Franchises, NFL, Tampa Bay Buccaneers
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