Browns Raising Season-Ticket Prices Bettman: Flames Need New Arena Dodgers Unveil '15 Ticket Prices AHL Forms Five-Team Pacific Division Seahawks Brand Still Has Room To Grow Rogers Wins World Cup Of Hockey TV Rights Phillies Shake Up Front Office Glendale On Pace To Lose $8.8M On Arena Deal Hornets To Raise Season-Ticket Prices D-Backs' Payroll High For Team, Low For MLB
Upcoming Conferences and Events
MAPLE LEAF GARDENS LOOKS FOR REVENUE AMID INTERNAL BATTLES
Published October 6, 1995
Maple Leaf Gardens President Cliff Fletcher wants to bring indoor soccer, arena football and other events to the facility in an effort to bring in more revenue. Fletcher told the company's stockholders that high salary costs for the Maple Leafs necessitate the need for more revenue. Thanks in part to the NHL lockout, MLG lost C$1.06M last year (TORONTO STAR, 10/6). Meanwhile, at yesterday's stockholder meeting, one shareholder was given an "enthusiastic ovation" after denouncing the takeover of the company by CEO Steve Stavro. When one investor rose in praise of Stavro, another asked "What planet did you come from? He's trying to take your shares" (William Houston, Toronto GLOBE & MAIL, 10/6). Stavro, who currently controls 91% of MLG shares, has made an offer to buy out remaining shareholders at C$34 a share. MLG shares currently go for C$43 on the TSE. A court ruling currently bars Stavro from acquiring any more shares (GLOBE & MAIL, 10/6).