SBD/1/Franchises

BETTMAN SUMMONS STARS OFFICIALS TO NEW YORK TO ASSIST SALE

     Stars Owner Norman Green, prospective investor John Spano
and team President Jim Lites met with NHL Commissioner Gary
Bettman in New York yesterday to "help close a sale of at least
part of the team," according to Terry Egan of the DALLAS MORNING
NEWS.  Spano's group has sought for months to buy a half-interest
in the Stars for about $40M, but "talks may now be shifting
toward acquiring a majority of the franchise."  The negotiations
have "hit snags" in recent weeks that neither side would detail.
The debts of Green and the team are reported to be at least $60-
70M -- about $42M to the Alberta Treasury Branches bank, $10M to
Penguins Owners Howard Baldwin and Morris Belzberg, and about
$6.4M left from a $10M league lockout loan.  Although there are
still "hurdles," Spano began discussing his role as an owner:  "I
want to run it as a business.  Jimmy (Lites) will run the team"
(DALLAS MORNING NEWS, 11/1).
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