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RIGAS-MORTIS SETTING IN AGAIN IN PITTSBURGH?
Published October 10, 1995
With Kevin McClatchy's bid for the Pirates "seemingly in peril," two previous local bidders for the team have joined forces "to make a last ditch run for the team," according to Steve Halvonik of the PITTSBURGH POST-GAZETTE. Penguins Owner Howard Baldwin and cable TV magnate John Rigas "believe they are an unbeatable combination" to buy the team if McClatchy's bid fails. A spokesperson for Rigas said the two have reached an understanding on a partnership that will make a bid if, and only if, McClatchy's bid fails. Baldwin reportedly believes "there are marketing and business advantages to combining management of the two small-market teams." He made an unsolicited bid for the team in January '94 that was rejected because it did not contain enough cash. Rigas failed in his $85.15M bid for the club earlier this year (PITTSBURGH POST-GAZETTE, 10/8). McClatchy's bid "is at least" $10M short of the cash he needs, and may be as much as $20M short, sources told the WASHINGTON POST. Mark Maske reports that one baseball source said the deal "hasn't collapsed yet," but is "pretty much hanging by a thread" (WASHINGTON POST, 10/8). Virginia Baseball Inc. head William Collins "has intensified his efforts" to buy the Pirates and move them to the Washington area (WASHINGTON POST, 10/7). Bart Fisher, a DC attorney who leads another VA-based baseball group, said Friday he assumes the bidding "will open up to out of town bidders at this point." Fisher has said he would keep the team in Pittsburgh (Thom Loverro, WASHINGTON TIMES, 10/7).